Latest news with #Liuzza
Associated Press
25-03-2025
- Business
- Associated Press
Beeline CEO Invests an Additional $900,000 in Series G Offering Priced at a 205% Premium to Market Price and Donates Warrants to St. Jude Children's Research Hospital
Since December 2024 Beeline CEO has invested $4,045,802 in Beeline demonstrating confidence in its business Providence, Rhode Island--(Newsfile Corp. - March 25, 2025) - Beeline Holdings, Inc. (NASDAQ: BLNE), an emerging FinTech mortgage lender, today announced that Chief Executive Officer and Co-Founder, Nick Liuzza, has invested an additional $900,000 into the company's ongoing Series G convertible equity offering. The investment was made at $5.10 per share on an as-converted basis (not including Warrants)-representing a 205% premium to Beeline's closing stock price of $1.67 on March 24, 2025. As part of the transaction, Mr. Liuzza received warrants exercisable at $6.50 per share, which he has donated in full to St. Jude Children's Research Hospital. This investment is in addition to Mr. Liuzza's open market purchases during the week of March 17 in which he and an affiliated trust purchased a total of 43,150 shares of common stock for a total of $109,784 at purchase prices reflecting prevailing market prices, and to his prior investments in the Series G offering beginning in December. To date, since December 2024, Mr. Liuzza has invested $4,045,802 in addition to his prior investments. 'Beeline is focused on driving revenue growth through mortgage origination and monetizing our proprietary lending technology,' said Nick Liuzza, CEO and Co-Founder of Beeline Holdings. 'We are committed to building long-term value and bringing innovation to an industry in need of modernization.' The company remains focused on operational execution and believes its technology-driven approach will continue to distinguish it in a challenging mortgage environment. About Beeline Holdings, Inc.
Yahoo
25-03-2025
- Business
- Yahoo
EXCLUSIVE: Beeline CEO Buys Stock At 205% Premium In Series G Offering
On Tuesday, Beeline Holdings (NASDAQ:BLNE) announced that CEO and Co-Founder Nick Liuzza invested an additional $900,000 in its Series G convertible equity round at $5.10 per share – a 205% premium to the company's closing price of $1.67 on March 24. As part of the deal, Mr. Liuzza received warrants exercisable at $6.50, which he donated to St. Jude Children's Research Hospital, underscoring both his philanthropic commitment and belief in the long-term value of Beeline's business, the company said. The investment follows Mr. Liuzza's recent open market purchases of 43,150 shares, totaling $109,784, during the week of March 17. Since December 2024, he has invested $4,045,802 in the Series G round, excluding prior contributions. Also Read: FinTech Mortgage Lender Beeline's Stock Surges On AI Sales Agent Launch "Beeline is focused on driving revenue growth through mortgage origination and monetizing our proprietary lending technology," said Nick Liuzza. "We are committed to building long-term value and bringing innovation to an industry in need of modernization." Beeline believes its technology-driven strategy will continue to set it apart amid a challenging mortgage market. In February, Beeline Holdings closed a $5 million private placement, with CEO Nick Liuzza contributing $2.9 million. The funds will support AI-driven mortgage growth, debt reduction, and expansion of Beeline's SaaS subsidiary, Beeline Labs. Price Action: BLNE shares closed 15.23% lower at $1.67 on Monday. Read Next:Photo by PopTika on Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article EXCLUSIVE: Beeline CEO Buys Stock At 205% Premium In Series G Offering originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Associated Press
18-03-2025
- Business
- Associated Press
Beeline's AI Sales Agent ‘Bob 2.0' Delivers 6X More Leads than Human Chat - Revolutionizing Mortgage Sales at Near Zero Cost
Bob 2.0: The Next Evolution in AI-Powered Mortgage Sales Providence, Rhode Island--(Newsfile Corp. - March 18, 2025) - Beeline Holdings, Inc. (NASDAQ: BLNE), a leader in AI-driven mortgage technology, has launched Bob 2.0, the next evolution of its AI-powered sales agent, driving a 6X increase in qualified leads over human agents while running 24/7 at minimal cost. 'Bob changes the game for scaling front-end mortgage operations,' said Nick Liuzza, CEO of Beeline. 'With Bob we're able to engage more prospects, generate more leads, and streamline sales, all while keeping our Loan Guides focused on closing deals.' Bob is among the 1st ever AI Mortgage sales bots and was released by Beeline in June 2023. AI That Delivers Real Results Bob 2.0 doesn't just respond to inquiries—it actively drives conversations toward a sales outcome. Bob's Adaptive AI—A Smarter Sales Agent What sets Bob apart is its ability to respond, adapt, and sell like a human—but without fatigue, missed opportunities, or salary and other overhead. Bob can: Beyond Chat: Bob Is Expanding Into SMS, Voice & Live Appointments Bob's evolution is far from over. Over the next 90 days, Beeline will integrate Bob with: Future Expansion: AI-Powered Underwriting & Market Growth Bob's success has spurred the launch of MagicBlocks, an AI startup seed-funded by Beeline, to bring its AI-powered sales technology to a broader market. Looking ahead, Bob is expected to begin underwriting by Q3 2025, adding a new level of efficiency and further streamlining Beeline's mortgage process. 'As the mortgage market normalizes, AI gives us the ability to scale operations dynamically without added costs,' said Liuzza. 'Bob is just the beginning of how AI will redefine mortgage lending.' 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 more information, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including expected changes to Bob in the next 90 days and its impact upon the mortgage lending and underwriting business. 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 fact that MagicBlocks (an investment of Beeline) is developing Bob in partnership with Beeline, and risks relation to any new software including delays and bugs. Further information on our risk factors is contained in filings made with the Securities and Exchange Commission by Beeline Financial, Inc., including the final Prospectus filed on January 14, 2025 and a Prospectus Supplement filed March 10, 2025. 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. For media inquiries, please contact:
Associated Press
19-02-2025
- Business
- Associated Press
Beeline Secures $5M Funding as CEO Invests $2.9M to Drive AI Mortgage Disruption
Providence, Rhode Island--(Newsfile Corp. - February 19, 2025) - Eastside Distilling, Inc. (NASDAQ: BLNE) (d/b/a Beeline Holdings), has successfully closed a $5 million private placement, with over half of the capital coming directly from its CEO—highlighting unwavering confidence in the Company's vision. The funding will be strategically deployed to accelerate growth, reduce debt, and expand Beeline's AI-driven, low-cost mortgage origination platform. 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. Demonstrating his commitment to Beeline's future, Founder & CEO of Beeline Financial Holdings, Inc., Nick Liuzza, personally invested $2.9 million, reinforcing the Company's momentum in modernizing the mortgage industry. 'We are revolutionizing mortgage origination by eliminating inefficiencies, lowering costs, and unlocking access to an industry ripe for innovation,' said Liuzza. 'Our AI-driven solutions are gaining rapid adoption, and this investment positions us to scale faster than ever before.' This financing follows the recent capital raise by MagicBlocks, of which Beeline Financial Holdings, Inc. 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. Early traction for BlinkQC has been strong, with lenders already leveraging the platform to reduce QC processing times and improve accuracy. With this momentum, Beeline will provide a comprehensive update on its platform-wide advancements and growth trajectory in its upcoming Q4 2024 earnings report next month. About Beeline Financial Holdings, Inc. Beeline Financial Holdings, Inc. 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. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including the use of proceeds from the Company's financing, the impact of our AI solutions and the progress of BlinkQC. 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, risks that our projections, estimates and expectations with respect to our technologies and marketing strategies and perceptions concerning potential future events that are based thereon prove to be incorrect, our ability to protect our rights and interests in our technologies and intellectual property rights therein, our ability to market our AI technology to third party lenders, the sufficiency of our existing cash resources to meet our working capital and capital expenditure needs over the next 12 months which will depend on our ability to raise capital, future interest rates in the United States, changes in the political and regulatory environment and in business and economic conditions in the United States and in the real estate and mortgage lending industry, geopolitical conflicts such as those in Ukraine and Israel, and our ability to develop and maintain our brand cost-effectively. Further information on our risk factors is contained in filings made with the Securities and Exchange Commission by Eastside Distilling, Inc., including the final Prospectus filed on January 14, 2025. 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.
