Company: BLNE
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011724
Chunk: 133

Company: Beeline Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 133
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 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.

38

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 March 31, 2025, we have $1.5 million in cash.

We
do not have sufficient cash resources to meet our working capital needs for the next 12 months. Our ability to meet our ongoing operating
cash needs over the next 12 months will depend, in part, on the success of Beeline Financial in expanding sales and achieving cash-positive
operations. In large part, our ability to meet near-term operating cash needs will depend on our success in securing debt and/or equity
financing as needed.

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 March 2025, the Company sold and issued to the Purchaser 1,090,622 shares
of common stock for a purchase price of $2.1 million. Subsequent to March 31, 2025, the Company sold and issued to the Purchaser
912,644 shares of common stock for a purchase price of $1.0 million to the Purchaser.

On April 30, 2025, the Company entered into an
At The Market Offering Agreement (the “ATM Agreement”) with Ladenburg Thalmann & Co., Inc., pursuant to which the Company
may issue and sell over time and from time