BTLN•Nasdaq confirmed Brightline Interactive regained compliance with its $1 minimum bid price rule on Oct. 12, after its closing bid price stayed at or above $1 for 10 consecutive business days.
Brightline Interactive said Nasdaq confirmed it regained compliance with the $1 minimum bid price rule on Oct. 12, ending the listing deficiency matter. The company’s closing bid price remained at or above $1 for 10 consecutive business days after a 1-for-8 reverse stock split took effect on Sept. 28. Nasdaq had issued a staff delisting determination on Sept. 11, and a hearing request filed Sept. 17 stayed any suspension. The shares continue trading on Nasdaq.
