Beeline Holdings Enters $350K Short‑Term Promissory Note

What Happened

• On July 31, 2026, Beeline Holdings, Inc. announced it sold and issued a promissory note to WVP Emerging Manager Onshore Fund LLC – C/M Capital Series. The note has a $350,000 principal amount, was issued for a purchase price of $300,000 (reflecting a $50,000 original issue discount), bears interest at 9% per year, and matures in 60 days subject to acceleration on certain defaults. The company also reported this note creates a direct financial obligation.

Key Details

• Issuance date: July 31, 2026; maturity: 60 days after issuance.
• Principal amount: $350,000; net proceeds to company at issuance: $300,000 (original issue discount $50,000).
• Interest rate: 9% per annum.
• Prepayment terms: Company must prepay 30% of net proceeds from any capital raise exceeding $3 million until the note is repaid; the note is also prepayable at the company's option.

Why It Matters

• This 8‑K signals Beeline took on a short‑term debt obligation to raise immediate cash. The note increases the company’s near‑term debt and interest expense and includes a covenant tying repayment to future capital raises over $3 million (30% of net proceeds), which could affect how future financing proceeds are used. Retail investors should note the short maturity and the company’s reliance on near‑term funding sources.