Company: BLNE
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024044
Chunk: 60

Company: Beeline Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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554)

(1)Merger-related
                                            expenses include the costs related to the shareholder meeting on March 7, 2025 to approve
                                            the name changing to Beeline Holdings, Inc. and to approve the Series F and
F-1 Preferred Stock (shares received in the merger) to convert to common shares, as well as costs related to the Nasdaq initial listing.

Capital
Resources and Liquidity

Financial
Policy. We intend to maintain a disciplined financial policy and improve our credit metrics, which are critical to our lending
partners.

Liquidity
Policy. We maintain a strong focus on liquidity and define our liquidity risk tolerance based on sources and uses to maintain
a sufficient liquidity position to meet our business needs and financial obligations under both normal and stressed conditions. We believe
that our consolidated liquidity and availability under our revolving credit facilities will be sufficient to meet our liquidity needs.

Liquidity.
Our primary sources of liquidity consist of cash and cash equivalents, cash flow from our operating businesses, proceeds from asset
sales and dispositions, and short-term borrowing facilities, including revolving credit lines. Cash generation may fluctuate due to various
factors, including seasonality, timing of loan originations and repayments, market conditions, and our ability to execute strategic asset
sales or dispositions. As of June 30, 2025, we have $6.3 million in cash.

On
December 31, 2024, the Company entered into entered into a Common Stock Purchase Agreement and related Registration Rights Agreement
(collectively, the “ELOC Agreement”) with an institutional investor (the “Purchaser”) pursuant to which the
Company agreed to sell, and the Purchaser agreed to purchase, up to $35 million of the Company’s common stock, subject to a
sale limit of 19.99% of the outstanding shares of the Company’s common stock. On March 7, 2025, the Company entered into an
Amended ELOC Agreement to reduce the amount from $35 million to $10 million. During the six months ended June 30, 2025, the Company
sold and issued to the Purchaser 5,018,437 shares of common stock for gross proceeds of $6.5 million. Subsequent to June 30, 2025,
the Company sold and issued to the Purchaser 676,078 shares of common stock for gross proceeds of $1.2 million to the
Purchaser.

On
April 30