Beeline divests 53% stake in Bridgetown Spirits to settle $367k in payables, exits non-core asset

Beeline Holdings, Inc.

Beeline transferred all 530k shares (53% stake) of Bridgetown Spirits to three buyers including Spirits President Geoffrey Gwin to satisfy $367,404 owed by Beeline.
Spirits is no longer a subsidiary; this was the last asset from the October 2024 forward merger.
Beeline loaned Spirits $75k, receiving a $100k secured promissory note ($25k OID) payable over 12 months.
Divestiture lets Beeline focus exclusively on its digital mortgage, title, and equity product platform and SAAS revenue.
Company expects to report Q2 earnings on Aug 14, 2025; Ladenberg Thalman initiated coverage with Buy rating and $4.50 PT.

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