Beeline enters LOI to buy remaining stake in MagicBlocks

• Beeline entered a non-binding LOI to buy the 52.4% of MagicBlocks it does not already own.
• MagicBlocks would become a wholly owned subsidiary; founders and development staff are expected to join Beeline.
• Deal targeted to close in June, subject to a definitive agreement, board special committee sign-off, SAFE noteholders, employment agreements.
• Transaction contemplated as all-stock, supported by a third-party valuation of about $1 million.
• Beeline expects the purchase to expand AI capabilities, support tokenized home equity initiatives, lower acquisition costs, create SaaS revenue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Beeline Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605280900PRIMZONEFULLFEED9727837) on May 28, 2026, and is solely responsible for the information contained therein.