Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 182

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 182
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 2025 under certain indebtedness, which is secured by Beeline’s assets, and if we are unable to meet these obligations, it could
jeopardize that business. If we are unable to meet these obligations with respect to the indebtedness described above, it would have
a material adverse effect on our business and financial condition, and you could lose all or most of your investment as a
result.

Further, we have relied heavily
upon capital infusions from our Chief Executive Officer and principal shareholder. As of the date of this Report, he has directly invested
$3.9 million in purchases of securities from the Company since December 2024. If he is unable or unwilling to continue
to fund us in the future, your investment could be materially and adversely affected.

We have a very limited operating
history since our merger with Old Beeline in October 2024 which makes it difficult to forecast our future results, making any investment
in us highly speculative.

While Old Beeline commenced operations
in 2020, we have a limited operating history as a combined company following the merger from which to evaluate our prospects. Importantly,
our executive officers come from Beeline, so our operations going forward are subject to ordinary integration risks where two companies
and two cultures are combined. Further, our limited personnel could pose challenges to us in our integration efforts and operations moving
forward, including due to our lack of liquidity, the highly competitive and regulated industries in which each of Beeline and Spirits
operate in addition to our status as a public company required to prepare and file reports with the SEC. Further, we may not accurately
forecast customer behavior and recognize or respond to emerging trends, changing preferences or competitive factors facing us, and, therefore,
we may fail to make accurate financial forecasts or budgetary predictions. Our current and future expense levels are based largely on
our budget plans and estimates of future revenue, which are in part contingent on our ability to access capital as needed and planned,
which remains uncertain including due to factors described elsewhere in these Risk Factors. Additionally, our current revenue projections
are based largely on customer and partner relationships and trends, including general trends in the mortgage lending industry, which remain
uncertain. Similarly, if we are able to raise sufficient capital in the future, we may use a portion of the proceeds to acquire other
operating businesses in our segments or related segments to facilitate strategic growth and build our market presence and revenue potential.
If we continue to face challenges and/or if new challenges arise in