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 strategic 1-for-250 reverse stock split of its common stock, effective August 4, 2025. This decision, ratified by stockholders during a special meeting on July 22, aims to align the company with Nasdaq's $1.00 minimum bid price prerequisite. Post-split, the company's shares will continue to be traded on Nasdaq under the symbol BINI, transitioning to a split-adjusted basis at the market's opening on the effective date.

The reverse stock split will drastically decrease the number of outstanding shares from approximately 423.5 million to about 1.7 million. This adjustment will also proportionally affect outstanding equity awards, warrants, and convertible notes, with fractional shares being rounded up to the nearest whole share. This move is critical for Bollinger Innovations to maintain its listing on Nasdaq, ensuring continued visibility and access to capital markets.

For further details on this development, stakeholders are encouraged to review the full press release available here. Bollinger Innovations remains committed to advancing its position in the electric vehicle sector, with its U.S.-based manufacturing facility in Tunica, Mississippi, playing a pivotal role in its operations. The company's product lineup, including the Class 1 EV cargo van and Class 3 EV cab chassis truck, has already achieved certification from the California Air Resource Board and the EPA, marking significant milestones in its journey towards sustainable transportation solutions.