Beeline (BLNE) Registration Filing summary

Company overview and business model

• Operates in three segments: Craft Canning + Printing (digital can printing and canning services), Spirits (manufactures and markets alcoholic beverages), and Corporate (accounting and administrative functions).

• Craft Canning + Printing serves the craft beverage industry in Washington and Oregon, offering both mobile and fixed-site co-packing services.

• Spirits segment sells a variety of alcoholic beverages under recognized brands in 30 U.S. states, primarily on a wholesale basis.

• Strategy focuses on expanding both Craft Canning + Printing and Spirits businesses, with vertical integration and geographic growth.

Financial performance and metrics

• As of September 6, 2024, public float was $3,941,790, based on 2,775,909 shares held by non-affiliates at $1.42 per share.

• During the prior 12 months, $442,007 in securities were sold under General Instruction I.B.6 of Form S-3.

• Common stock closing price on September 12, 2024, was $0.8438 on NASDAQ Capital Market.

Use of proceeds and capital allocation

• Net proceeds will be used for general corporate purposes, including capital expenditures, working capital, and administrative expenses.

• May allocate a portion of proceeds to acquire or invest in complementary businesses or products, though no current plans or agreements exist.