Bollinger Innovations Announces 1-for-250 Reverse Stock Split to Maintain Nasdaq Listing
Bollinger Innovations will implement a drastic reverse stock split to regain compliance with Nasdaq's minimum bid price requirement, significantly reducing outstanding shares from 126.2 million to approximately 505,000.
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.
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, signaling management's confidence in maintaining compliance through operational improvements rather than further structural changes.
For investors, this move represents a critical effort to preserve the company's Nasdaq listing, which provides essential liquidity and visibility in public markets. The reverse split comes as Bollinger Innovations continues developing its commercial electric vehicle lineup, including the Class 1 EV cargo van (ONE) and Class 3 EV cab chassis truck (THREE), both available for sale in the U.S. through its six-dealer network. Additional information about the company's developments can be found in their newsroom at https://ibn.fm/BINI.
The automotive company, based in Southern California with a manufacturing facility in Tunica, Mississippi, faces the dual challenge of navigating the competitive EV market while maintaining regulatory compliance. This reverse stock split underscores the financial pressures facing emerging electric vehicle manufacturers as they balance growth investments with market requirements. The full details of this corporate action are available in the official press release at https://ibn.fm/1nSUY.