Beeline Holdings completes acquisition of MagicBlocks AI for ~$471K in stock

Beeline Holdings, Inc.

Beeline owned 48% of MagicBlocks; acquired remaining 52% by issuing 209,456 shares at $2.25/share (equity value ~$471,276).
Acquisition brings in-house the AI chatbot Bob, which drives an 8% increase in lead-to-lock conversions.
Independent fairness opinion valued MagicBlocks at ~$1M; transaction approved by special committee of Beeline board.
Company expects to accelerate AI automation across mortgage origination and title operations to reduce costs and improve scalability.
MagicBlocks founder Jay Stockwell will join Beeline to further integrate AI across the platform.

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