Bollinger Innovations Announces 1-for-250 Reverse Stock Split to Meet Nasdaq Compliance

Bollinger Innovations, Inc. (NASDAQ: BINI), a prominent electric vehicle manufacturer, has announced a 1-for-250 reverse stock split of its common stock, effective August 4, 2025. This strategic move aims to bring the company into compliance with Nasdaq's $1.00 minimum bid price requirement, ensuring its continued listing on the exchange. The reverse stock split was approved by stockholders during a special meeting held on July 22.

The implementation of the reverse split will reduce the company's approximately 423.5 million shares currently outstanding to about 1.7 million. Proportional adjustments will be made to outstanding equity awards, warrants, and convertible notes, with fractional shares rounded up to the nearest whole share. Trading of Bollinger Innovations' shares on Nasdaq under the symbol BINI will commence on a split-adjusted basis when markets open on August 4.

This decision underscores the company's commitment to maintaining its presence on a major stock exchange, which is crucial for attracting investors and securing capital for future growth. The reverse stock split is a common strategy employed by companies facing delisting threats due to low share prices, and Bollinger Innovations' move reflects its proactive approach to corporate governance and financial health.

For more details on the announcement, visit https://ibn.fm/yvjql. Bollinger Innovations continues to focus on the development and production of commercial electric vehicles, with its ONE and THREE models already CARB and EPA certified and available for sale in the U.S. The company's expansion and innovation in the EV sector highlight its potential for long-term growth and sustainability in the green energy market.