Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 187

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 187
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 For the nine months ended September 30, 2024, net cash provided by financing activities of continuing operations was
$1.5 million primarily from proceeds from secured credit facilities.

43

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 September 30, 2025, the Company has $1.3 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. On September 8, 2025, the Company again amended the ELOC Agreement to increase
the commitment amount by $10 million, to maximum total sales of up to $20 million, and to remove minimum closing price conditions for
effecting purchases under the ELOC Agreement. As a result, the Company may sell up to $12.5 million under the ELOC Agreement (after giving
effect to prior sales) beginning after January 11, 2026. During the nine months ended September 30, 2025, the Company sold and issued
to the Purchaser 5,694,515 shares of common stock for gross proceeds of $7.5