Current Report · Items 3.03, 5.03, 7.01, 9.01 · 8-K
Brightline Interactive, Inc.
Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD Disclosure
Item 3.03 Material Modification to Rights of Security Holders. On September 21, 2026, Brightline Interactive, Inc. (the “Company”) filed a Certificate of Change (the “Certificate of Change”) pursuant to Section 78.209 of the Nevada Revised Statutes (the “NRS”) with the Secretary of State of the State of Nevada to effect a one-for-eight (1-for-8) reverse stock split (the “Reverse Stock Split”) of t…
Filed Sep 23, 2026Accepted Sep 23, 2026, 9:30 AM EDTCIK 1854445Accession 0001493152-26-043847
Company context
Current securities
Registered securities in this filing
BRIGHTLINE INTERACTIVE, INC./NV · 8-K · Filed 2026-09-23
As filed in this accession. Current/historical status below comes from the governed listing record; the cover itself remains exact to this filing.
Common Stock, par value $0.001 per share
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Filing context
Context: AsOf2026-09-21
Dimensions: Not supplied
Accession 000149315226043847 · 1 registered-security cover member
Read the exact SEC filing ↗Disclosure sections
Items 3.03, 5.03, 7.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 3.03Item 3.03 - Material Modification to Rights
Item 3.03
Material Modification to Rights of Security Holders.
On
September 21, 2026, Brightline Interactive, Inc. (the “Company”) filed a Certificate of Change (the “Certificate of
Change”) pursuant to Section 78.209 of the Nevada Revised Statutes (the “NRS”) with the Secretary of State of the State
of Nevada to effect a one-for-eight (1-for-8) reverse stock split (the “Reverse Stock Split”) of the Company’s authorized
and outstanding common stock, par value $0.001 per share (the “Common Stock”) effective as 12:01 a.m. Eastern Time on September
28, 2026. The Reverse Stock Split was approved by the Company’s Board of Directors by unanimous written consent dated September
13, 2026, without stockholder approval, as permitted under Section 78.207 of the NRS.
The
Company expects that its Common Stock will begin trading on a post-split basis under the Company’s existing trading symbol, “BTLN,”
when the market opens on September 28, 2026. The new CUSIP identifier for the Common Stock following the Reverse Stock Split will be
37892C205.
As
a result of the Reverse Stock Split, every eight shares of Common Stock will be automatically combined into one share of Common Stock.
The total number of authorized shares of Common Stock will be proportionally reduced following the Reverse Stock Split. No fractional
shares will be issued in connection with the Reverse Stock Split. Instead, fractional shares resulting from the Reverse Stock Split will
be rounded up to the nearest whole share at the Depository Trust Company participant level. The reverse stock split affects all stockholders
proportionately and will not affect any stockholder’s percentage ownership of the Company’s common stock (other than the
nominal effect of the treatment of fractional shares). Proportionate adjustments for the Reverse Stock Split will be made to the per
share exercise price and the number of shares issuable upon the exercise of warrants, the number of shares reserved for issuance under
the Company’s equity incentive plan, and all then-outstanding awards under the Company’s equity incentive plan, as applicable.
The Reverse Stock Split will not change the par value of the Common Stock or modify any voting rights or other terms of the Common Stock.
The
foregoing summary of the Certificate of Change does not purport to be complete and is qualified in its entirety by reference to the full
text of the Certificate of Change, a copy of which is attached hereto as Exhibit 3.1 and is incorporated herein by reference.
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
To
the extent required by Item 5.03 of Form 8-K, the information contained in Item 3.03 of this Current Report on Form 8-K is incorporated
herein by reference.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01 Regulation FD Disclosure.
On
September 23, 2026, the Company issued a press release affirming its intent to remain listed on the Nasdaq Capital Market, announcing
the above referenced Reverse Stock Split and confirming it has submitted its appeal of the previously announced Staff delisting determination
in connection with Nasdaq Listing Rule 5550(a)(2), requiring a minimum bid price of at least $1.00 per share (the “Bid Price Requirement”).
Subject to the scheduling of the Nasdaq Hearing Panel and trading in the Company’s common stock following the Reverse Stock Split,
the Company anticipates that it will regain compliance with the Bid Price Requirement in advance of its hearing before the Nasdaq Hearing
Panel, at which time the Nasdaq staff’s delisting determination will be mooted out and the delisting terminated. A copy of the
press release is attached hereto as Exhibit 99.1.
The
information in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section
18 of the Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except
as shall be expressly set forth by specific reference in such filing.
Forward-Looking
Statements
This
report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Words like “intent,” “anticipate,” “expects,”
“will,” and “believe,” or the negative thereof or other variations thereon or comparable terminology are used
to identify forward-looking statements, although not all forward-looking statements contain these words. Although the Company believes
that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what is currently known about its business
and operations, there can be no assurance that actual results will not differ materially from what the Company expects or believes. Some
of the factors that could cause the Company’s actual results to differ materially from its expectations or beliefs are disclosed
in the “Risk Factors” section, as well as other sections, of its reports filed with the Securities and Exchange Commission,
which include, without limitation, the anticipated timing and benefits of the Reverse Stock Split, and the Company’s ability to
maintain the listing of its securities on Nasdaq. All forward-looking statements speak only as of the date on which they are made and
the Company undertakes no duty to update or revise any forward-looking statements, except as required by law.
Filed exhibits (1)
EX-99.1 (by filename) ex99-1.htmExhibit
99.1
Brightline
Interactive Announces Reverse Stock Split of the Company’s Common Stock to Regain Compliance with Nasdaq Bid Price Requirement
ASHBURN,
VA - September 23, 2026 - Brightline Interactive, Inc. (“Brightline” or the “Company”) (NASDAQ: BTLN),
today announced a planned reverse stock split of its authorized and outstanding shares of common stock at a ratio of 1-for-8. The reverse
stock split will take effect as of 12:01 a.m. ET, on September 28, 2026, and shares of Brightline will trade on a post-split basis on
Nasdaq under the existing trading symbol, “BTLN,” at the market open on September 28, 2026. The reverse split is intended
to allow the Company to regain compliance with the Nasdaq Bid Price Requirement. Following the reverse stock split, the new CUSIP number
of the common stock will be 37892C205, with the par value per share of common stock remaining at $0.001. A proportionate adjustment will
be made to the per-share exercise prices and number of shares issuable under all outstanding warrants, options and equity awards.
When
the reverse stock split becomes effective, every 8 shares of the Company’s authorized and outstanding common stock will be combined…
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