On Tuesday, Beeline Holdings 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.
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"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.
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