Brightline Interactive Announces Reverse Stock Split of the Company's Common Stock to Regain Compliance with Nasdaq Bid Price Requirement
Brightline Interactive (BTLN) announced a 1-for-8 reverse stock split to comply with Nasdaq's $1 bid price requirement. The split takes effect on September 28, 2026, and aims to avoid delisting after the company failed to meet the requirement within the grace period. The company anticipates regaining compliance before a Nasdaq hearing, but market conditions may affect this.
