Company: BLNE
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023462
Chunk: 67

Company: Beeline Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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 G Preferred Stock offering had their
exercise price reduced to $1.67 and resulted in an increase in common shares issuable upon exercise of 1,774,986 under the full price
protection adjustment of the Warrants. On June 16, 2025, the Company sold shares under the ELOC Agreement at $0.66 per share, which was
less than the exercise price of the Warrants adjusted in March 2025, resulting in the reduction of the exercise price of the warrants
to $0.66 per share and an increase in common shares issuable upon exercise of 3,655,482 under the full price protection adjustment of
the Warrants. The Company recorded a deemed dividend related to the price protection of $0 and $6.8 million for the three and
nine months ended September 30, 2025, respectively.

Segment
Reporting

The
following discussion provides an analysis of the financial performance of each of our reportable segments consisting of Beeline Loans,
Beeline Title Holdings and Corporate. We evaluate segment performance based on key financial and operational metrics, including revenue,
operating income, and margin trends. The results of each segment are presented in accordance with our internal management reporting structure.

Beeline
Loans is an AI-driven fintech mortgage lender that develops proprietary software in the form of major enhancements and new developments
in its lending platform, including Beeline’s Chat API “Bob.”

38

Beeline
Title Holdings provides title and loan closing services for Beeline’s mortgage origination business. It provides similar services
with respect to the Company’s BeelineEQUITY product.

Corporate
primarily consists of general corporate expenses, including public company costs, executive compensation, legal and regulatory compliance,
and other administrative functions that support the overall business. This segment also includes holding company expenses, such as financing
costs, accounting, legal, insurance, investor relations, and strategic corporate initiatives that are not directly attributable to any
operating segment. As this segment does not generate revenue, its financial results primarily reflect overhead, and governance-related
expenditures incurred to support the company’s publicly traded status and corporate infrastructure.

    Three
                                            Months Ended
                                                                  September
                                            30,  
    Nine
                                            Months Ended
                                                                  September
                                            30, 
  
    (Dollars
    in thousands) 
    2025  
    2024  
    2025  
    2024 
  
    Revenues