Brightline Interactive Announces 1-for-8 Reverse Split to Regain Nasdaq Compliance
BTLN sits 51% above its 52-week low of $0.42 on elevated volume (2.0× avg).
Summary
Brightline Interactive announced a 1-for-8 reverse stock split effective September 28, 2026, to regain compliance with Nasdaq's $1.00 minimum bid price requirement and avoid delisting.
Key Events · Corporate Governance and Compliance · BTLN
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1-for-8 Reverse Stock Split
Every 8 shares of common stock will combine into 1 share effective 12:01 a.m. ET on September 28, 2026. Authorized common shares drop from 300,000,000 to 37,500,000.
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Nasdaq Compliance Effort
The reverse split is intended to lift the stock price above the $1.00 minimum bid requirement. The company was under a Staff delisting determination issued September 11, 2026, and has appealed.
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Delisting Risk Remains
The company anticipates regaining compliance before its Nasdaq Hearing Panel, but states there can be no assurance it will do so. Trading on a post-split basis begins September 28, 2026 under symbol BTLN.
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New CUSIP and Warrant Adjustments
New CUSIP 37892C205. Exercise prices and share counts for outstanding warrants, options, and equity awards will be proportionally adjusted. Fractional shares round up at the DTC participant level.
Analysis · BTLN · Technology
Brightline Interactive is executing a 1-for-8 reverse stock split effective September 28, 2026, to lift its share price above Nasdaq's $1.00 minimum bid requirement and avoid delisting. The company was already under a Staff delisting determination issued September 11, 2026, and has appealed. The reverse split reduces authorized common shares from 300 million to 37.5 million, proportionally shrinking the share count while preserving each holder's percentage ownership. If the post-split price holds above $1.00, the company expects the delisting determination to be mooted before its Nasdaq hearing. The risk is that the stock may not sustain the required price, and the company acknowledges there is no assurance of regaining compliance.
How filings like this one have moved
In the 30 days to Sep 26, 2026, 35.4% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BTLN was trading at $0.64 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.8M. The 52-week trading range was $0.42 to $1.85. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.