Latest news with #BeelineLabs
Globe and Mail
01-07-2025
- Business
- Globe and Mail
Beeline Holdings (NASDAQ: BLNE) Raises $6.5M, Slashes Debt to Strengthen Financial Position
Beeline Holdings (NASDAQ: BLNE), a fast-growing digital mortgage platform, announced it raised $6.5 million in late June through its ATM and equity line of credit programs. The company also reduced debt by $5.3 million in the first half of 2025, cutting third-party obligations to $2.3 million. Beeline ended Q2 with over $6 million in cash and approximately $40 million in shareholders' equity as of March 31. CEO Nick Liuzza called the moves a 'defining moment' as the company positions itself for growth amid anticipated rate cuts and rising momentum in its SaaS division, Beeline Labs. To view the full press release, visit About Beeline Financial Holdings, Inc. Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, AI-powered platform, Beeline delivers a faster, smarter path to home loans—whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core. The company is a wholly owned subsidiary of Beeline Holdings and also operates Beeline Labs, its innovation arm focused on next-generation lending solutions. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:
Associated Press
01-07-2025
- Business
- Associated Press
Beeline Strengthens Balance Sheet in June with $6.5M Capital Raise and Major Debt Reduction
Positioned to Be Debt-Free and Cash Flow Positive Heading Into 2026 Providence, Rhode Island--(Newsfile Corp. - July 1, 2025) - Beeline Holdings, Inc. (NASDAQ: BLNE), the fast-growing digital mortgage platform redefining the path to homeownership, today announced it has raised $6.5 million in fresh capital the last week of June through a combination of its At-The-Market (ATM) and equity line of credit (ELOC) programs during the final week of June. In parallel, the company aggressively reduced its debt by a total of $5.3 million during the first half of 2025-$1.3 million in Q1 and $4.0 million in Q2-bringing total debt owed to third parties down to just $2.3 million (not including its subsidiary's mortgage warehousing line). The company ended the quarter with over $6 million in cash. 'These moves mark a defining moment for Beeline,' said Nick Liuzza, CEO of Beeline. 'We've faced a tough macro environment over the last few years, but we stayed disciplined, focused, and innovative. Now, with interest rates expected to trend lower, we're in our strongest financial position ever-bolstered by new equity offerings and the momentum building within our SaaS arm, Beeline Labs.' As of March 31, 2025, the company reported approximately $40 million in shareholders' equity. 'We're currently trading at just 30% of book value,' added Chris Moe, CFO of Beeline. 'At some point, the market will reflect the fundamentals. But for now, our priority remains executing on the business-becoming debt-free and achieving positive cash flow.' With inflation cooling and the Federal Reserve signaling potential rate cuts as early as Q3-fueled by political pressure and economic indicators-Beeline sees significant upside in both its mortgage origination engine and scalable SaaS infrastructure. About Beeline Financial Holdings, Inc. Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, AI-powered platform, Beeline delivers a faster, smarter path to home loans-whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core. The company is a wholly owned subsidiary of Beeline Holdings and also operates Beeline Labs, its innovation arm focused on next-generation lending solutions. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the lowering of interest rates, the potential for both of the company's real estate business lines, and the market reflecting the company's fundamentals . Forward-looking statements are prefaced by words such as 'anticipate,' 'expect,' 'plan,' 'could,' 'may,' 'will,' 'should,' 'would,' 'intend,' 'seem,' 'potential,' 'appear,' 'continue,' 'future,' believe,' 'estimate,' 'forecast,' 'project,' and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, the possibility that estimates, projections and assumptions on which the forward-looking statements are based prove to be incorrect, including the continued strength of the U.S. economy, reduced inflation rates, the future of U.S. tariff policy, and the success of the company's home equity program. See also the Risk Factors contained in our Form 10-K filed April 15, 2025 and other filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this presentation speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Investor Relations - Contact [email protected] Media - Contact [email protected] To view the source version of this press release, please visit
Associated Press
20-03-2025
- Business
- Associated Press
Beeline Announces Public Launch of MagicBlocks, an AI-Powered Sales Agent Platform
AI driven platform which converts phone conversations into leads perfect for the mortgage industry. Beeline Holdings, Inc (NASDAQ:BLNE) 'MagicBlocks represents a breakthrough in AI-driven sales efficiency,' said Nick Liuzza, of Beeline. 'With its strong Beta results, we're happy to see it go to market as an international solution.' — Nick Liuzza PROVIDENCE, RI, UNITED STATES, March 20, 2025 / / -- Beeline Holdings, Inc. (Nasdaq: BLNE), an emerging FinTech mortgage lender, announces the official public launch of MagicBlocks, an AI-driven sales agent platform, on April 1, 2025. Incubated by Beeline, MagicBlocks successfully completed its Beta phase with 16 clients, exceeding expectations and validating its market potential as a global solution open to businesses worldwide. MagicBlocks was founded by Jay Stockwell and Sean Calark while at Beeline and was spun off as an independent company. Beeline retains an equity stake, while Stockwell serves as CEO. Beeline also licenses the MagicBlocks platform. 'MagicBlocks represents a breakthrough in AI-driven sales efficiency,' said Nick Liuzza, CEO of Beeline. 'With its strong Beta results, we're happy to see it go to market as a scalable, international solution.' Beeline continues to expand beyond mortgage origination by integrating SaaS-based revenue streams. Most lenders license third-party software, and the ones who build their own platforms don't generally license it. Beeline is willing, leveraging its proprietary AI technology to create better outcomes for mortgage consumers while generating recurring SaaS revenue. Earlier this year, Beeline Labs introduced BlinkQC, an automated quality control solution streamlining mortgage operations. Currently live within Beeline, BlinkQC will be available industry-wide in early April. With its AI-powered technology and market expertise, Beeline is redefining mortgage lending, combining innovation, efficiency, and strategic growth. About Beeline Beeline is a forward-thinking mortgage origination and technology company transforming home loans into a short, transparent and easy path for millions of Americans. Using AI and proprietary tech, Beeline offers near-instant pre-approvals in as little as seven minutes—allowing borrowers to see loan options and lock their rate in one session. For media inquiries, please contact: Beeline Holdings, Inc +1 401-418-4461 email us here Legal Disclaimer:
Associated Press
06-02-2025
- Business
- Associated Press
Beeline Labs Announces First Capital Raise for Cutting-Edge AI Sales Solution in Magic Blocks
Beeline Reveals Seed Equity Stake and Long-Term License with MagicBlocks Providence, Rhode Island--(Newsfile Corp. - February 6, 2025) - Beeline Labs, Inc., a wholly-owned subsidiary of Eastside Distilling, Inc. (d/b/a Beeline Holdings) (NASDAQ: BLNE), a pioneering mortgage technology company with an all-digital, AI-driven lending platform announces a major milestone: the first capital raise for MagicBlocks. This marks a pivotal moment for the Company as it continues to shape the future of AI-driven sales solutions in the mortgage industry and expands its reach to a broader global audience across multiple industries. Revolutionizing AI-Powered Sales MagicBlocks has rapidly emerged as a market leader in deploying highly customizable AI sales agents for mortgage origination. The Company has also secured new customer trials across various industries demonstrating its technology's adaptability and effectiveness. Built on an advanced ensemble of language models and proprietary software, MagicBlocks enables businesses to convert leads into sales more efficiently-at a higher success rate and lower cost. The Company's founders, Jay Stockwell and Sean Clark, along with Beeline, retain equity ownership, ensuring a long-term partnership focused on ongoing innovation. 'Building a virtual AI sales department that stays on-brand, understands financial nuances, and navigates complex sales processes requires deep expertise,' said Jay Stockwell, Beeline co-founder and founder of MagicBlocks. 'We've developed something truly special-a platform that empowers companies to generate more business with greater efficiency.' Beeline Labs's CEO and co-founder, Nick Liuzza, added: 'The MagicBlocks platform is live and ready for companies to build and customize their own AI-driven sales strategies. This milestone is a huge leap forward for Beeline Labs, as we expand our AI-powered SaaS offerings, driving recurring B2B revenue. Beeline isn't just a mortgage innovator-we're a technology company at our core.' Liuzza also highlighted Beeline Labs' expanding portfolio, noting, 'With BlinkQC set to generate revenue in March, MagicBlocks marks our second major SaaS opportunity in the mortgage tech space-already driving results.' Plug-and-Play AI Sales Departments for Any Industry What sets MagicBlocks apart is its ability to let companies quickly deploy their own AI sales departments-without having to build custom software. With simple natural language instructions, businesses can go live at a fraction of the cost of building their own AI Agent, using a flexible monthly subscription model based on features and usage. This capital raise solidifies MagicBlocks as an independent company, while Beeline retains a significant equity stake and long-term licensing rights. MagicBlocks' technology is also embedded within Beeline's home loan customer experience via Bob, the mortgage industry's first AI chatbot in Beeline's Bob AI Sales Strategy, ensuring continuous innovation within Beeline's ecosystem. Jess Kennedy, Beeline Labs's Chief Operating Officer, emphasized the impact: 'MagicBlocks has completely transformed our go-to-market strategy at a crucial time for the mortgage industry. Delivering high-level service while reducing costs is more important than ever, and MagicBlocks gives us a powerful advantage.' With this funding, MagicBlocks is positioned to accelerate AI-driven sales innovation across multiple sectors, redefining how businesses engage and convert leads in an evolving digital landscape. Beeline Labs Continues to Drive AI Innovation MagicBlocks is the second major product launch from Beeline Labs, following the recent unveiling of BlinkQC-an AI-powered mortgage Quality Control (QC) solution designed to streamline compliance and auditing for lenders. About Beeline Labs and MagicBlocks Beeline Labs is a wholly owned SaaS company developing cutting-edge mortgage software designed to lower costs, increase efficiency, and create better outcomes for mortgage and title consumers and investors. Beeline Labs is committed to rolling out new products and strategic partnerships. To learn more about the company, visit MagicBlocks. About Beeline Holdings Beeline Holdings is a technology-driven mortgage lender and title provider building a fully digital, AI-powered platform that simplifies and accelerates the home financing process. Headquartered in Providence, RI, Beeline Financial Holdings, Inc. is dedicated to transforming the mortgage industry through innovation and customer-focused solutions. It is a wholly-owned subsidiary of Beeline Holdings and owns Beeline Labs. Important Cautions Regarding Forward-Looking Statements Certain matters discussed in this press release may be forward-looking statements that reflect our expectations or anticipations rather than historical fact. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions, general competitive factors, the Company's ongoing financing requirements and ability to achieve financing, acceptance of the Company's products in the market, the Company's success in obtaining new customers, the Company's ability to execute its business model and strategic plans, and other risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ('SEC'). A detailed discussion of the most significant risks can be found in the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and the Company's Current Report on Form 8-K filed with the SEC on November 21, 2024 and the Company's Current Report on Form 8K/A filed with the SEC on Form 8-K/A on December 19, 2024. The Company assumes no obligation to update the cautionary information in this press release.
