Brightline Interactive Announces Reverse Stock Split of the Company's Common Stock to Regain Compliance with Nasdaq Bid Price Requirement
Brightline plans a 1-for-8 reverse split to address a Nasdaq bid-price deficiency while it appeals a delisting determination.
Rhea-AI Summary
Brightline Interactive (BTLN) will implement a 1-for-8 reverse stock split of its authorized and outstanding common shares, effective 12:01 a.m. ET on September 28, 2026.
Post-split, the stock will continue trading on Nasdaq under ticker BTLN, with a new CUSIP of 37892C205 and unchanged par value of $0.001. The company states the split is intended to help regain compliance with Nasdaq’s $1.00 Bid Price Requirement after prior deficiency notices and a September 11, 2026 Staff Determination to delist. Each shareholder’s ownership percentage will be unchanged, all equity awards and warrants will be adjusted proportionately, and fractional shares will be rounded up to the nearest whole share at the Depository Trust Company participant level. The company cautions that regaining compliance depends on market trading and is not assured.
Positive
- 1-for-8 reverse split effective September 28, 2026 aims to restore bid-price compliance
- Shares continue trading on Nasdaq under existing symbol BTLN post-split
- Fractional post-split positions will be rounded up to the nearest whole share
Negative
- Nasdaq issued a Staff Determination to delist the company on September 11, 2026
- Company failed to regain $1.00 bid-price compliance during initial 180-day grace period
- Company warns there is no assurance it will regain bid-price compliance before the Nasdaq Hearing Panel
Details
Market move: BTLN -17.51% vs previous close. 1-for-8 reverse stock split
On Sep 23, the day this news came out, the latest delayed price for BTLN is 17.51% below the previous close. Argus tracked a peak move of +3.7% during the session. Our momentum scanner has recorded 23 alerts for this stock so far that day. The latest delayed price is $0.52. Relative volume is exceptionally heavy at 17.4x the average.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Reverse stock split ratio
- 1-for-8
- Planned split of authorized and outstanding common stock
- Split effective date
- September 28, 2026
- Post-split trading begins at the Nasdaq market open
- Nasdaq minimum bid price
- $1.00 per share
- Closing bid price was below the requirement
- Consecutive business days below requirement
- 30 business days
- Basis for the Nasdaq deficiency notice
- Grace period
- 180 days
- Company did not regain compliance within this period
- Nasdaq Staff Determination
- September 11, 2026
- Determination to delist the company
Historical Context
-
Hearing request stayed the delisting determination while Brightline pursued bid-price compliance.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
cusip technical
par value financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ASHBURN, VA / ACCESS Newswire / September 23, 2026 / Brightline Interactive, Inc. ("Brightline" or the "Company") (NASDAQ:BTLN), today announced a planned reverse stock split of its authorized and outstanding shares of common stock at a ratio of 1-for-8. The reverse stock split will take effect as of 12:01 a.m. ET, on September 28, 2026, and shares of Brightline will trade on a post-split basis on Nasdaq under the existing trading symbol, "BTLN," at the market open on September 28, 2026. The reverse split is intended to allow the Company to regain compliance with the Nasdaq Bid Price Requirement. Following the reverse stock split, the new CUSIP number of the common stock will be 37892C205, with the par value per share of common stock remaining at
When the reverse stock split becomes effective, every 8 shares of the Company's authorized and outstanding common stock will be combined into one share of common stock. Each stockholder's percentage ownership interest in Brightline will remain unchanged after the reverse stock split. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock at the Depository Trust Company participant level.
As previously disclosed, on March 13, 2026, the Company received deficiency notices from Nasdaq indicating that the closing bid price of the Common Stock had been below
About Brightline Interactive
Brightline Interactive is building SpatialCore, an interoperability infrastructure platform for Physical AI. SpatialCore is designed to connect real-world data from sensors, autonomous systems, digital twins, geospatial environments and other sources into a shared, AI-ready understanding of the physical world. Brightline works across defense, government and commercial markets to enable people, AI and autonomous systems to operate more effectively together. For more information, visit www.brightlineinteractive.com.
Cautionary Statement on Forward-Looking Statements
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements related to Brightline Interactive's strategy to regain compliance with Nasdaq listing requirements and plans to conduct a reverse stock split. The words "plan," "will," "intend," "anticipate," and similar expressions, or the negative of these words or other similar terms, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Although the Company believes that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what is currently known about its business and operations, there can be no assurance that actual results will not differ materially from what the Company expects or believes. Some of the factors that could cause the Company's actual results to differ materially from its expectations or beliefs are disclosed in the "Risk Factors" section, as well as other sections, of its reports filed with the Securities and Exchange Commission, which include, without limitation, its ability to regain and maintain compliance with Nasdaq's continued listing standards and maintain the listing of its securities on Nasdaq. All forward-looking statements speak only as of the date on which they are made, and the Company undertakes no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact
Demetrios Soutsos, Chief Strategy Officer
info@brightlineinteractive.com
Media Contact
Brightline: brightline@samsonpr.com
SOURCE: Brightline Interactive, Inc.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When will Brightline’s reverse stock split take effect and when will post-split trading begin?
The reverse stock split becomes effective at 12:01 a.m. ET on September 28, 2026. Shares of Brightline are expected to begin trading on a post-split basis on Nasdaq at the market open on September 28, 2026 under the existing symbol BTLN.
What happens to Brightline’s options, warrants and equity awards after the reverse stock split?
The company will make a proportionate adjustment to the per-share exercise prices and the number of shares issuable under all outstanding warrants, options and equity awards so they reflect the 1-for-8 reverse stock split.
What is the new CUSIP number for Brightline’s common stock after the reverse stock split?
Following the reverse stock split, the common stock will have a new CUSIP number of 37892C205. The par value per share will remain at $0.001.
Why did Brightline decide to carry out the reverse stock split now?
On March 13, 2026, Brightline received Nasdaq deficiency notices because its closing bid price had been below $1.00 per share for 30 consecutive business days and it did not regain compliance during the 180-day grace period. After Nasdaq issued a September 11, 2026 Staff Determination to delist, the company requested a hearing, which stayed the delisting, and it has implemented the reverse split to seek to regain compliance with the Bid Price Requirement.
What is the company’s expectation regarding Nasdaq compliance after the reverse stock split?
The company anticipates that it will regain compliance with the Bid Price Requirement before the date of the Nasdaq Hearing Panel, which would moot the Staff Determination and remove the current delisting threat. However, it cautions that compliance depends on market trading and there can be no assurance that compliance will be regained before the hearing date, or at all.