Beeline Clarifies Recent Fundraising

PROVIDENCE, R.I. , Nov. 17, 2025 (GLOBE NEWSWIRE) -- via IBN -- Beeline (NASDAQ: BLNE), the digital mortgage lender built for next-generation homeowners, last week closed a $7.4M registered direct offering with three funds choosing to take a long position in Beeline. The Company stated that it does not at this time feel it will need to raise additional cash to get to a cash flow positive target for Q1 2026. Beeline’s lending entity was cash flow positive for October.  An S-1 was filed for an ELOC prior to the Company deciding to close the registered direct with the three funds. The S-1 became automatically effective on Friday, November 10th.  The Company is currently locked out from using the ELOC for 60 days as per the terms of the registered direct. If the ELOC were used it would be for a Special Project or to buy back Series A shares that it has the right to buy back if the economics were in favor of Beeline shareholders. The Company is planning on improving shareholder value by r