Brightline Interactive Announces 1-for-8 Reverse Stock Split

What Happened Brightline Interactive, Inc. (BTLN) filed an 8-K on September 23, 2026 disclosing that it filed a Certificate of Change to effect a one-for-eight (1-for-8) reverse stock split of its common stock, effective 12:01 a.m. Eastern Time on September 28, 2026. The Board approved the reverse split by unanimous written consent on September 13, 2026 under Nevada law without stockholder approval. The company also issued a press release confirming it has appealed Nasdaq staff’s prior delisting determination tied to the $1.00 minimum bid price rule and stating it intends to remain listed on the Nasdaq Capital Market.

Key Details

• Reverse split ratio: 1-for-8, effective Sept 28, 2026 at 12:01 a.m. ET.
• Trading: Company expects common stock to trade on a post-split basis under the existing ticker BTLN; new CUSIP will be 37892C205.
• Fractional shares: No fractional shares issued; fractional interests will be rounded up to the nearest whole share at the Depository Trust Company participant level.
• Securities adjustments: Proportional adjustments will be made to warrant exercise prices and quantities, shares reserved under the equity incentive plan, and outstanding awards; par value, voting rights, and other terms remain unchanged.
• Nasdaq appeal: Company submitted an appeal of the Nasdaq staff delisting determination under Listing Rule 5550(a)(2) (minimum $1.00 bid). Company expects the reverse split will enable compliance before its Nasdaq Hearing Panel date, which could moot the delisting.

Why It Matters A reverse stock split reduces the number of outstanding shares and raises the per-share market price, which Brightline says should help it meet Nasdaq’s $1.00 minimum bid requirement. For existing shareholders, percentage ownership will remain effectively the same (aside from minor rounding due to fractional-share treatment). Investors should note the procedural nature of this action—it does not change voting rights or the company’s par value—but affects share counts, warrant/exercise terms, and may influence short-term trading liquidity and market price.