EXCLUSIVE: Beeline Raises $5 Million Via Private Offering, CEO Invests $2.9 Million To Drive AI Mortgage Growth

Benzinga·02/19/2025 13:00:20

Listen to the news

Eastside Distilling, Inc. (d/b/a Beeline Holdings) (NASDAQ:BLNE) has closed a $5 million private placement. Over half of the capital came from Nick Liuzza, the founder and CEO of Beeline Financial Holdings, who invested $2.9 million.

The company will deploy the funding to accelerate growth, reduce debt, and expand Beeline’s AI-driven, low-cost mortgage origination platform.

Last September, Eastside Distilling announced its merger deal with Beeline Financial Holdings, a privately held mortgage technology company.

Also Read: ‘Squid Game’ Fuels Netflix’s Dominance in South Korea’s Booming Streaming Market: Report

Additionally, the investment will fuel the rapid development of its wholly-owned subsidiary, Beeline Labs, Inc., which operates a SaaS business and is transforming mortgage quality control and compliance with cutting-edge automation.

This financing follows the recent capital raise by MagicBlocks, of which Beeline Financial Holdings was a founder, and the launch of BlinkQC, an AI-powered mortgage quality control (QC) solution that streamlines compliance, auditing, and risk mitigation for lenders.

Beeline will provide a comprehensive update on its platform-wide advancements and growth trajectory in its upcoming fourth-quarter 2024 earnings report next month.

Price Action: BLNE stock closed higher by 1.92% at $0.6584 Tuesday.

Also Read:

EXCLUSIVE: Beeline Expands Into B2B SaaS With BlinkQC, Automating Mortgage Quality Control for Lenders

Photo by PopTika on Shutterstock

FAQ

Fee Schedule Open Account Deposit & Withdrawal Trading

Terms & Conditions

Client Agreement Privacy Policy Data Disclaimer Security Tips

About Webull

About us Webull Promotions Contact information Announcements

Service Email : service@webull.hkBusiness Cooperation : marketinghk@webull.hk

Risk Disclosure: The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. All investments involve risk and the past performance of securities, or financial products does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. For more details, please refer to risk disclosure.
① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
② More than 40M Downloads Globally : data based on Webull Technologies Limited's internal statistics as of July 14, 2023.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.

Language

English