Brightline Interactive announces $1.25 million PIPE priced at $0.70 per unit
BTLN•Brightline Interactive agreed to raise $1.25 million in a PIPE at $0.70 per unit, with proceeds earmarked for SpatialCore development and expansion into new markets.
1. Financing terms
The units comprise common stock and warrants with 100% coverage and a $2.00-per-share exercise price. Dr. Allan Evans led the investment in a personal capacity. The deal is expected to close Sept. 25, 2026, subject to customary conditions; the warrant exercise price adjusts to $16.00 per post-split share following a planned 8-for-1 stock split effective Sept. 28, 2026.
