02:30 PM EST, 11/11/2025 (MT Newswires) -- Beeline (BLNE) said Tuesday it priced a $7.4 million registered direct offering of 4.6 million shares of common stock, expected to close around Wednesday.

Proceeds will be used for working capital, general corporate purposes, and the cash redemption of Series E preferred stock, the company said.

Beeline, with a debt-free balance sheet since September, said it does not expect to raise additional capital to support operations.

The company also said its lending unit turned cash flow positive in October, which keeps it on track to reach company-wide cash flow positivity by Q1, 2026.

Shares of the company were down over 15.9% in recent trading.

Price: 1.78, Change: -0.34, Percent Change: -15.88