Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 24

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 24
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-funded by each
investor). The warrants became exercisable beginning on March 7, 2025 when the Company’s shareholders approved the issuance of
the common stock issuable upon exercise of such warrants in accordance with the rules of The Nasdaq Capital Market. If at any time
after exercising the warrants, there is no effective registration statement registering, or the prospectus contained therein is not
available for use, then the warrants may also be exercised, in whole or in part, by means of a “cashless exercise.”

Item 1A. RISK FACTORS

Summary Risk Factors

Our business and an investment in our Common Stock
are subject to numerous risks and uncertainties, including those highlighted in the “Item 1A - Risk Factors” section below.
Some of these risks include:

Financial Risks Related to the Company

    ●
    There is substantial doubt as to our ability to continue as a going concern.

    ●
    We have substantial indebtedness which becomes due and payable now and in the near future.

    ●
    We have a very limited operating history since we acquired Old Beeline.

    ●
    Old Beeline has a history of operating losses since inception, and if it fails to generate operating cash flow, you may lose all or most of your investment.

17

Risks Related to Beeline’s Business

    ●
    Beeline depends on third party partners and vendors to maintain and grow its business, the loss of some or all of these third parties may have a material adverse effect.

    ●
    Beeline depends on its ability to sell loans and mortgage service rights (“MSRs”) in the secondary market the impairment of which would materially harm its business.

    ●
    A recession or economic downturn could halt or limit its ability to sell Beeline’s loans and lend money to future borrowers.

    ●
    Similarly, higher interest rates adversely affect Beeline’s business.

    ●
    Beeline is required to comply with many financial, legal, and regulatory laws and regulations, and any failure to comply could have a material adverse effect.

    ●
    Beeline faces intense competition that could materially and adversely affect it.

    ●
    Beeline’s loans to customers originated outside of GSE guidelines or other guidelines involve a high degree of business and financial risk.

    ●
    Beeline relies on highly-skilled personnel with knowledge of the mortgage industry, the loss of whom may negatively impact its business.

    ●
    Beeline is exposed to interest rate volatility