secwatch.observer — SEC 8-K summary
======================================

Issuer:     Beeline Holdings, Inc. (BLNE)
CIK:        0001534708
Form:       8-K
Filed at:   2026-07-02T21:25:16+00:00
Accession:  0001493152-26-031971
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beeline acquires full ownership of MagicBlocks; issues 211,679 shares to SAFE holders
--------------------------------------------------------------------------------

- Beeline (BLNE) acquired remaining 52.4% of MagicBlocks for $1 total cash; MagicBlocks had no positive equity value.
- Issued 211,679 shares to third-party SAFE holders for ~$476,277 in SAFE principal; CEO Liuzza received 31,111 shares at $2.25/share (above market).
- All outstanding MagicBlocks stock options cancelled; MagicBlocks becomes wholly-owned subsidiary.
- From May 27 to June 26, 2026, sold 1,370,131 shares under ELOC for gross proceeds of $1,575,098.
- Transaction approved by special committee of disinterested directors due to CEO's related party interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534708/000149315226031971/0001493152-26-031971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534708/000149315226031971/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-031971

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer