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

Bollinger Innovations, Inc. (NASDAQ: BINI), an electric vehicle manufacturer, 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 intended to help the company 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.

This corporate action represents one of the most aggressive reverse stock splits in recent market history, reducing the 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 as 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 certainty regarding future capital structure changes.

The implications of this reverse split extend beyond mere regulatory compliance. For current shareholders, the consolidation dramatically increases the nominal share price while proportionally reducing the number of shares held. This move typically indicates that a company has been struggling to maintain its listing requirements and may signal underlying financial challenges. However, maintaining Nasdaq listing is crucial for Bollinger Innovations' ability to access capital markets and maintain investor confidence as it continues developing its electric vehicle portfolio.

Bollinger Innovations operates as a Southern California-based automotive company building the next generation of commercial electric vehicles with a U.S. manufacturing facility located in Tunica, Mississippi. The company's commercial offerings include the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, both available for sale in the U.S. through a network of six dealers providing sales and service coverage in key markets. Additional information about the company's developments can be found through their newsroom at https://ibn.fm/BINI.

The reverse stock split comes at a critical time for electric vehicle manufacturers facing increased competition and market pressures. While the action addresses immediate listing requirements, its success ultimately depends on the company's ability to execute its business strategy and achieve sustainable growth. Investors will be watching closely to see if this financial restructuring provides the stability needed for Bollinger Innovations to focus on product development and market expansion in the increasingly competitive EV sector.