The $1.25 million raise is modest and provides near-term runway for platform development. Monitor for subsequent quarters' cash burn rate and any follow-on financing needs, as the company remains in an early revenue stage.
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Executive Summary
Brightline Interactive closed a previously announced PIPE offering, raising $1.25 million in gross proceeds from the sale of units of common stock and warrants. The investment was led by drone industry executive Dr. Allan Evans in his personal capacity, and net proceeds will fund continued development of the SpatialCore platform and market expansion.
Key Facts
- Gross proceeds of $1.25 million from a private investment in public equity (PIPE) closed on October 1, 2026
- Offering consisted of units of common stock and warrants to purchase common stock
- Investment led by Dr. Allan Evans, a drone industry executive, in his personal capacity
- Net proceeds intended to support continued development of the SpatialCore platform and expansion into new markets and use cases
Financial Impact
Gross proceeds of $1.25 million from a PIPE offering of common stock and warrants
Risk Factors
- Dilution from issuance of common stock and warrants
- Early-stage company with no disclosed revenue figures — capital may be consumed quickly
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-045251 |
| Exhibit: ex99-1.htm | 0001493152-26-045251 |
| Document: 0001493152-26-045251-index-headers.html | 0001493152-26-045251 |
| Document: 0001493152-26-045251-index.html | 0001493152-26-045251 |
| Document: 0001493152-26-045251.txt | 0001493152-26-045251 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | S-3 | $3.05 | awaiting T+1 | — | $2.94 (−3.44%) |
Oct 23, 2026 2d ago | 8-K | $3.05 | awaiting T+1 | — | $2.94 (−3.44%) |
Oct 14, 2026 12d ago | 8-K | $5.08 $5.03 | ▼ −0.98% | ▼ −1.27% | $2.94 (−42.03%) |
Oct 13, 2026 12d ago | 8-K | $5.08 $5.03 | ▼ −0.98% | ▼ −1.27% | $2.94 (−42.03%) |
Oct 1, 2026 25d ago | SC 13G | $4.84 $5.20 | ▲ +7.44% | ▲ +6.70% | $2.94 (−39.15%) |
Oct 1, 2026 25d ago | 8-K | $4.84 $5.20 | ▲ +7.44% | ▲ +6.70% | $2.94 (−39.15%) |
Sep 23, 2026 4w ago | 8-K | $0.6780 $0.6500 | ▲ +4.13% | ▲ +4.05% | $2.94 (−334.37%) |
US Market Status
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