Beeline Holdings (NASDAQ: BLNE), a digital mortgage platform, announced it has disposed of its majority ownership in Bridgetown Spirits Corp. for $367,404 under a Debt Satisfaction Agreement, removing Spirits as a subsidiary and completing the separation of non-core assets acquired through its October 2024 forward merger. The transaction included a $75,000 senior secured term loan to Spirits and a $100,000 promissory note in return. CFO Chris Moe said the move strengthens Beeline’s balance sheet and positions the company to focus exclusively on proptech, mortgage, and SaaS revenue as the market prepares for a 2026 recovery.
To view the full press release, visit https://ibn.fm/GzMS7
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: The latest news and updates relating to BLNE are available in the company’s newsroom at https://ibn.fm/BLNE
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