LOS ANGELES, CA - May 28, 2026 (NEWMEDIAWIRE) - Beeline Holdings (NASDAQ: BLNE) entered into a non-binding letter of intent to acquire the remaining interest in MagicBlocks, an AI-driven real estate technology company focused on transaction lead generation, production automation and workflow systems for financial services and real estate applications. Beeline currently owns approximately 47.6% of MagicBlocks, whose technology powers Beeline’s chatbot, Bob, which the company said has contributed to an 8% increase in lead-to-lock conversions at no incremental cost.

Beeline said the proposed acquisition is expected to expand its artificial intelligence capabilities and support its blockchain and digital asset initiatives, including BeelineEquity, its tokenized home equity product developed in partnership with TYTL. The contemplated all-stock transaction would make MagicBlocks a wholly owned subsidiary of Beeline and is expected to close in June, subject to definitive agreements, approvals and other customary conditions.

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About Beeline Holdings

Beeline is a technology-forward mortgage and fintech platform focused on AI-powered lending, title services, blockchain-enabled financial infrastructure, and digital real estate solutions. The Company is developing next-generation mortgage and home equity products designed to modernize the residential finance market.

About MagicBlocks

MagicBlocks develops blockchain infrastructure, AI automation systems, and smart contract technologies focused on real estate, financial services, and digital asset applications.

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Forward Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law

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