Beeline Holdings Inc. (NASDAQ: BLNE) Reaches Cash-Flow Milestone as Growth Strategy Gains Traction
The company’s lending entity recorded a cash-flow-positive month in October, an important operational milestone for the fintech mortgage platform. The company priced a $7.4 million registered direct offering to support operations, redeem preferred stock, and meet warehouse banking requirements. Beeline reported it has remained debt-free since early September and does not anticipate need for additional capital raises to sustain operations. Management reaffirmed expectations for company-wide…