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Eastside Distilling ( (BLNE) ) has shared an update.
On February 19, 2025, Eastside Distilling, Inc., operating as Beeline Holdings, successfully closed a $5 million private placement, with the CEO personally investing $2.9 million. This funding is set to accelerate the growth of Beeline’s AI-driven mortgage origination platform, reduce debt, and support the development of Beeline Labs’ SaaS business. The investment underscores the CEO’s confidence in modernizing the mortgage industry and positions the company to scale rapidly. This move follows a recent capital raise by MagicBlocks and the launch of BlinkQC, an AI-powered mortgage QC solution gaining traction among lenders.
More about Eastside Distilling
Beeline Financial Holdings, Inc. is a technology-driven mortgage lender and title provider focused on building a fully digital, AI-powered platform to simplify and accelerate the home financing process. Based in Providence, RI, the company aims to transform the mortgage industry with innovative, customer-focused solutions. It is a wholly-owned subsidiary of Beeline Holdings and owns Beeline Labs.
YTD Price Performance: -22.59%
Average Trading Volume: 175,594
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.09M
See more data about BLNE stock on TipRanks’ Stock Analysis page.