Brightline Interactive Delisting Notice from Nasdaq over $1 Bid Rule

What Happened

• Brightline Interactive, Inc. (BTLN) announced on Sept. 11, 2026 that the Nasdaq Listing Qualifications Department issued a Staff Determination to delist its common stock under Nasdaq Listing Rule 5550(a)(2) for failing to maintain a minimum $1.00 closing bid.
• The company had previously received deficiency notices on March 13, 2026 and was given a 180-calendar-day cure period ending Sept. 9, 2026; it did not regain compliance by that deadline.
• Brightline plans to timely request a hearing before a Nasdaq Hearings Panel (appeal deadline: Sept. 18, 2026 at 4:00 p.m. ET). Filing the hearing request will stay any suspension and the filing of Form 25‑NSE with the SEC while the Hearings Panel issues a written decision. The common stock remains listed on Nasdaq pending the Hearing.

Key Details

• Nasdaq rule cited: Listing Rule 5550(a)(2) — minimum $1.00 bid-price requirement.
• Deficiency notice date: March 13, 2026; cure period expired: Sept. 9, 2026.
• Staff Determination issued: Sept. 11, 2026; appeal request deadline: Sept. 18, 2026 (4:00 p.m. ET).
• Effect of appeal: a timely hearing request stays suspension and Form 25‑NSE filing until the Hearings Panel issues a decision.

Why It Matters

• Delisting from Nasdaq would materially affect liquidity, visibility, and potentially the market price of Brightline’s shares. Remaining listed depends on the Hearings Panel outcome; there is no assurance the Panel will keep the listing or grant additional time to regain compliance.
• The company’s timely appeal preserves the status quo for now, but investors should monitor updates (hearing request, Panel decision) because the ultimate result will directly affect tradability and investor access to the stock.
• The filing also notes forward-looking statements about plans and expectations and disclaims any duty to update them.