Brightline Interactive Sets 1-for-8 Reverse Split to Avoid Nasdaq Delisting
BTLN sits 43% above its 52-week low of $0.42.
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. The company received a delisting determination on September 11 after failing to meet the bid price for 180 days, and it has appealed that decision. The reverse split will reduce the share count and proportionally adjust outstanding warrants and options, with fractional shares rounded up at the DTC participant level. The company expects to regain compliance before the Nasdaq hearing panel date, though it cautions there is no assurance. This follows the 8-K filed earlier today and the appeal news from September 18; the split is a critical step to maintain its Nasdaq listing.
At the time of this announcement, BTLN was trading at $0.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.1M. The 52-week trading range was $0.42 to $1.85. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.