STOCK TITAN
  1. Home
  2. Sec-filings
  3. BTLN
  4. [8-K] Glimpse Group, Inc. Reports Material Event

Glimpse Group gets Nasdaq delisting notice

Nasdaq has issued a delisting determination for BTLN over the $1.00 bid-price rule, with listing now dependent on a pending appeal.

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
8-K

Rhea-AI Filing Summary

Glimpse Group, Inc. (BTLN), through its subsidiary Brightline Interactive, Inc., reports that on September 11, 2026 it received a Nasdaq staff determination to delist its common stock for failure to meet Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of at least $1.00 per share. The bid price had been below $1.00 for 30 consecutive business days, and the company did not regain compliance by the 180‑day grace period ending September 9, 2026. The company plans to timely request a hearing before a Nasdaq Hearings Panel, which would stay suspension and filing of a Form 25‑NSE and keep the stock listed pending a written decision, but there is no assurance that continued listing will be granted.

Positive

  • None.

Negative

  • Nasdaq delisting determination issued on September 11, 2026 after Brightline Interactive, Inc. failed to regain compliance with the $1.00 minimum bid price requirement within the 180‑day grace period ending September 9, 2026, creating significant uncertainty around BTLN’s continued Nasdaq listing.
  • Continued listing on Nasdaq is now subject to a Nasdaq Hearings Panel decision, and the company explicitly notes there is no assurance that the appeal will be granted or that it can meet listing criteria within any additional period.

Filing Explained

The appeal must be requested by 4:00 p.m. Eastern on September 18, 2026; if requested, it keeps the common stock listed and prevents suspension and Form 25-NSE filing while the Nasdaq panel decides.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Minimum bid price requirement $1.00 per share Nasdaq Listing Rule 5550(a)(2) continued listing standard
Non-compliance observation period 30 consecutive business days Closing bid price below $1.00 per share before initial deficiency notice
Grace period to regain compliance 180 calendar days Compliance period ending September 9, 2026
Compliance deadline September 9, 2026 End of Nasdaq’s 180-day bid-price compliance period
Staff determination date September 11, 2026 Nasdaq staff decision to delist the common stock
Hearing request deadline time 4:00 p.m. Eastern Time on September 18, 2026 Latest time to request Nasdaq Hearings Panel review
Nasdaq Listing Rule 5550(a)(2) regulatory
"to delist the Company’s common stock... pursuant to Nasdaq Listing Rule 5550(a)(2)"
minimum bid price financial
"requiring a minimum bid price of at least $1.00 per share"
The minimum bid price is the lowest share price that a market, regulator, or specific offering will accept for a trade, listing, or auction—think of it as a reserve or floor that a stock must meet to qualify for certain actions. It matters to investors because falling below that floor can limit trading options, trigger compliance measures or delisting risks, and affect liquidity and the perceived value of a holding, much like a reserve price in an auction sets the baseline for a sale.
Form 25-NSE regulatory
"stay the suspension of the Company’s securities and the filing of a Form 25-NSE"
Form 25‑NSE is an official filing used to notify the stock exchange that a company’s securities are being removed from trading on that exchange, similar to handing in a key when a shop closes. Investors care because removal ends public trading on that venue, often cutting liquidity and making it harder to buy or sell shares, which can affect a stock’s price and how quickly investors can access cash or exit positions.
Nasdaq Hearings Panel regulatory
"by requesting a hearing before a Nasdaq Hearings Panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
forward-looking statements regulatory
"This report contains “forward-looking statements” within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Nasdaq issue a delisting determination for BTLN?
Nasdaq staff determined on September 11, 2026 to delist BTLN’s common stock because it failed to comply with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of at least $1.00 per share for 30 consecutive business days.

What compliance deadline did BTLN miss under Nasdaq’s bid-price rule?
BTLN had 180 calendar days, until September 9, 2026, to regain compliance after its bid price stayed below $1.00 for 30 consecutive business days. It did not regain compliance by that deadline, prompting the Nasdaq staff delisting determination.

Can BTLN appeal Nasdaq’s delisting determination?
Yes. The company can appeal by requesting a hearing before a Nasdaq Hearings Panel. Any request must be submitted by 4:00 p.m. Eastern Time on September 18, 2026. The company states that it plans to timely request this hearing.

Will BTLN remain listed on Nasdaq during the appeal process?
If a timely hearing request is made, it will stay the suspension of BTLN’s securities and the filing of a Form 25-NSE, so the common stock will remain listed on Nasdaq pending the Hearings Panel’s written decision.

Does BTLN guarantee it will keep its Nasdaq listing after the hearing?
No. The company states that there can be no assurance it will be granted a hearing, that the panel will allow continued listing, or that it will be able to evidence compliance with Nasdaq’s listing criteria within any period that may be granted.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
false 0001854445 0001854445 2026-09-11 2026-09-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 11, 2026

 

 

 

BRIGHTLINE INTERACTIVE, INC.

BRIGHTLINE INTERACTIVE, INC./NV

(Exact name of registrant as specified in its charter)

 

 

 

Nevada   001-40556   81-2958271

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

15 West 38th St., 12th Floor

New York, NY 10018

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (703)-594-7496

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   BTLN   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On September 11, 2026, Brightline Interactive, Inc., a Nevada corporation (the “Company”), received a written notification (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that Nasdaq’s staff had determined to delist the Company’s common stock, par value $0.001 per share (the “Common Stock”), from Nasdaq pursuant to Nasdaq Listing Rule 5550(a)(2), requiring a minimum bid price of at least $1.00 per share (the “Bid Price Requirement”).

 

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 $1.00 per share for 30 consecutive business days, and as such the Company was not in compliance with the Bid Price Requirement. In accordance with the applicable Nasdaq Listing Rules, the Company was given 180 calendar days to regain compliance with the Bid Price Requirement, or until September 9, 2026. The Company did not regain compliance with the Bid Price Requirement by the September 9, 2026 deadline, and Nasdaq subsequently issued the Staff Determination on September 11, 2026.

 

Under the Staff Determination, the Company has the right to appeal the Staff Determination by requesting a hearing before a Nasdaq Hearings Panel (the “Hearings Panel”). Any such request must be submitted by 4:00 p.m. Eastern Time on September 18, 2026. The Company plans to file such appeal by timely requesting a hearing (the “Hearing”) before the Hearings Panel. A Hearing request will stay the suspension of the Company’s securities and the filing of a Form 25-NSE with the Securities and Exchange Commission pending the issuance of a written decision by the Hearings Panel. The Common Stock will remain listed on Nasdaq, pending the outcome of the Hearing.

 

There can be no assurance that the Company will be granted the Hearing or that following the Hearing, the Hearings Panel will determine to continue to allow the listing of the Common Stock on Nasdaq or that the Company will be able to evidence compliance with the applicable listing criteria within the period of time, if any, that may be granted by the Hearings Panel.

 

Forward-Looking Statements

 

This report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words like “plans,” and “will,” or the negative thereof or other variations thereon or comparable terminology, are used to identify forward-looking statements, although not all forward-looking statements contain these 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.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  BRIGHTLINE INTERACTIVE, INC.
     
Date: September 11, 2026 /s/ Tyler Gates
  Name: Tyler Gates
  Title: President and Chief Executive Officer

 

 

 

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

Other Documents

Keep reading

More on BTLN

Trending in the feed

Open the live feed