Brightline Interactive, Inc. (Nasdaq: BTLN) announced on October 12, 2026, that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed companies to maintain a minimum bid price of at least $1.00 per share.
The company received a formal letter from The Nasdaq Stock Market LLC confirming that the closing bid price of its common stock had been at $1.00 or greater for 10 consecutive business days. The company stated that this matter is now closed.
Regaining compliance followed a 1-for-8 reverse stock split of the company's common stock, which became effective on September 28, 2026. The split was implemented to address a prior non-compliance issue.
The compliance issue began when Nasdaq issued a Staff Determination to delist the company on September 11, 2026. On September 17, 2026, Brightline Interactive requested a hearing before the Nasdaq Hearings Panel, which stayed any suspension or delisting action pending the outcome.
The company's common stock continues to trade on the Nasdaq Capital Market under the symbol "BTLN." Tyler Gates, President and Chief Executive Officer, commented on the development, stating that regaining compliance closes out an issue the company inherited and allows the company to focus on execution.
