Beeline Holdings shares fall 2.91% premarket after the company's letter to shareholders.

Beeline Holdings, Inc. declined 2.91% in premarket trading. The company published a letter to shareholders, highlighting the successful divestiture of its last investment related to the forward merger with Eastside Distilling. The letter also mentioned Beeline's diversified lending platform, SaaS model, and pending new product launches, which could be seen as positive developments. However, the market may be reacting to other factors not explicitly mentioned in the news, leading to the stock's decline.