Current Report · Items 3.01 · 8-K
Brightline Interactive, Inc.
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On September 11, 2026, Brightline Interactive, Inc., a Nevada corporation (the “Company”), received a written notification (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that Nasdaq’s staff had determ…
Recent company filings
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Disclosure sections
Item 3.01Item 3.01 - Notice of Delisting
Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
September 11, 2026, Brightline Interactive, Inc., a Nevada corporation (the “Company”), received a written notification (the
“Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing
the Company that Nasdaq’s staff had determined to delist the Company’s common stock, par value $0.001 per share (the “Common
Stock”), from Nasdaq pursuant to Nasdaq Listing Rule 5550(a)(2), requiring a minimum bid price of at least $1.00 per share (the
“Bid Price Requirement”).
As
previously disclosed, on March 13, 2026, the Company received deficiency notices from Nasdaq indicating that the closing bid price of
the Common Stock had been below $1.00 per share for 30 consecutive business days, and as such the Company was not in compliance with
the Bid Price Requirement. In accordance with the applicable Nasdaq Listing Rules, the Company was given 180 calendar days to regain
compliance with the Bid Price Requirement, or until September 9, 2026. The Company did not regain compliance with the Bid Price Requirement
by the September 9, 2026 deadline, and Nasdaq subsequently issued the Staff Determination on September 11, 2026.
Under
the Staff Determination, the Company has the right to appeal the Staff Determination by requesting a hearing before a Nasdaq Hearings
Panel (the “Hearings Panel”). Any such request must be submitted by 4:00 p.m. Eastern Time on September 18, 2026. The Company
plans to file such appeal by timely requesting a hearing (the “Hearing”) before the Hearings Panel. A Hearing request will
stay the suspension of the Company’s securities and the filing of a Form 25-NSE with the Securities and Exchange Commission pending
the issuance of a written decision by the Hearings Panel. The Common Stock will remain listed on Nasdaq, pending the outcome of the Hearing.
There
can be no assurance that the Company will be granted the Hearing or that following the Hearing, the Hearings Panel will determine to
continue to allow the listing of the Common Stock on Nasdaq or that the Company will be able to evidence compliance with the applicable
listing criteria within the period of time, if any, that may be granted by the Hearings Panel.