Bollinger Innovations Announces 1-for-250 Reverse Stock Split to Maintain Nasdaq Listing

Bollinger Innovations Inc. (NASDAQ: BINI) will implement a 1-for-250 reverse stock split of its common stock effective September 22, 2025, at 12:01 a.m. Eastern Time. The reverse split, approved by stockholders on September 11, is designed to help the electric vehicle manufacturer regain compliance with Nasdaq's $1.00 minimum bid price requirement. Shares will continue trading on Nasdaq under the ticker BINI on a split-adjusted basis beginning that day, with a new CUSIP number of 62526P877.

The dramatic consolidation will reduce the company's outstanding share count from approximately 126.2 million to about 505,000 shares. Each 250 shares of common stock will be automatically converted into one share, with no fractional shares issued—all fractional amounts will be rounded up to the nearest whole share. The company stated this will be the last reverse stock split it initiates for the next three years, providing investors with some certainty about future corporate actions.

This move is significant for current shareholders and potential investors as it represents a critical effort to maintain the company's Nasdaq listing. Failure to meet exchange listing requirements can lead to delisting, which typically reduces liquidity, increases volatility, and diminishes investor confidence. The reverse split comes as Bollinger Innovations continues developing its electric vehicle lineup, including the ONE Class 1 EV cargo van and THREE Class 3 EV cab chassis truck available for sale in the U.S.

The company operates a U.S.-based vehicle manufacturing facility in Tunica, Mississippi, and maintains a commercial dealer network consisting of six dealers providing sales and service coverage in key markets. Additional information about the company's developments can be found in their newsroom at https://ibn.fm/BINI. The full details of the reverse stock split announcement are available in the official press release at https://ibn.fm/1nSUY.

For the electric vehicle industry, this corporate action reflects the ongoing challenges faced by emerging EV manufacturers in maintaining market confidence and meeting exchange requirements during their growth phases. The success of this reverse split could influence how other small-cap EV companies approach similar compliance issues while continuing to develop their technology and expand their market presence.