Brightline Interactive, Inc. (NASDAQ: BTLN) has filed a Form 8-K announcing a planned one-for-eight reverse stock split of its common stock, effective as of 12:01 a.m. Eastern Time on September 28, 2026. The split was approved by the company’s Board of Directors via unanimous written consent on September 13, 2026, and is being implemented to address a deficiency with Nasdaq listing standards.
The reverse stock split will combine every eight shares of the company’s authorized and outstanding common stock into one share. As a result, the total number of authorized shares will be proportionally reduced. The company states that the split will not alter the par value of the shares, which remains at $0.001 per share, nor will it affect any voting rights. Fractional shares resulting from the split will be rounded up to the nearest whole share at the Depository Trust Company participant level.
Proportionate adjustments will be made to the per-share exercise prices and number of shares issuable under all outstanding warrants, options, and equity awards. The company expects its common stock to begin trading on a post-split basis under the existing trading symbol, “BTLN,” when the market opens on September 28, 2026. The new CUSIP identifier for the stock following the split will be 37892C205.
The filing indicates that Brightline Interactive received deficiency notices from Nasdaq on March 13, 2026, because the closing bid price of its common stock had fallen below $1.00 per share for 30 consecutive business days. The company failed to regain compliance within a 180-day grace period, leading Nasdaq to issue a Staff Determination to delist the company on September 11, 2026. Brightline has requested a hearing to appeal this determination.
In a press release dated September 23, 2026, the company affirmed its intent to remain listed on the Nasdaq Capital Market. Brightline anticipates that the reverse stock split will allow it to regain compliance with the Bid Price Requirement prior to its hearing before the Nasdaq Hearing Panel, effectively rendering the delisting determination moot. However, the company cautions that regaining compliance is subject to market trading conditions and cannot be assured.
