Beeline Holdings Inc. has announced a significant update on its financial position. The company successfully raised $6.5 million in equity capital at the end of June, which has enabled it to reduce its debt by $5.3 million, set to occur in 2025. As a result, Beeline will close the quarter with over $6 million in cash and an indebtedness of approximately $2.3 million owed to third parties, not accounting for its mortgage warehouse line. This financial maneuvering comes after the company reported a shareholders' equity of around $40 million as of March 31, 2025.
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