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In a series of transactions on May 2, Nicholas Liuzza Jr., the Chief Executive Officer of Beeline Holdings, Inc. (NASDAQ:BLNE), acquired a significant amount of the company’s common stock. The purchases amounted to a total of $25,247, with share prices ranging from $1.3385 to $1.4899. The transactions come as the stock trades near $1.35, down approximately 77% over the past six months, according to InvestingPro data.
Following these transactions, Liuzza’s direct ownership in Beeline Holdings increased to 1,721,293 shares. Additionally, Liuzza holds indirect ownership of 223,716 shares through the Nicholas R. Liuzza Jr. Trust, where he serves as trustee, with his immediate family as beneficiaries. The insider buying occurs as the company, currently valued at approximately $11 million, trades at just 0.24 times its book value.
These transactions highlight Liuzza’s continued confidence in Beeline Holdings as he expands his stake in the company. InvestingPro subscribers can access 13 additional key insights about BLNE’s financial health and valuation metrics to better understand the complete investment picture.
In other recent news, Beeline Holdings, Inc. has extended the maturity dates for its senior secured notes from April 14, 2025, to May 14, 2025, while also adjusting the terms of its Series D Convertible Preferred Stock. This move, disclosed in a filing with the Securities and Exchange Commission, includes a new conversion price of $2.50 per share for the Series D stock. Additionally, Beeline Holdings has registered an additional $3.5 million in common stock shares, as part of an ongoing agreement, following a previous registration of $4 million. The company also reported unregistered sales of equity securities, with CEO Nicholas Liuzza, Jr. increasing his stake through a $900,000 purchase of Series G Convertible Preferred Stock and warrants.
Furthermore, Beeline Holdings launched MagicBlocks, an AI-driven sales agent platform, which completed its Beta testing phase with positive results. The platform, now an independent entity, aims to enhance sales efficiency globally and is part of Beeline’s strategy to diversify its revenue models. In another development, the company authorized board members and officers to purchase stock under a limited waiver of its insider trading policy, requiring a minimum holding period of six months. These actions are part of Beeline Holdings’ broader efforts to strengthen its financial position and align with long-term strategic goals.
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