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 decision, approved by stockholders during a special meeting on July 22, aims to align the company with Nasdaq's $1.00 minimum bid price requirement. Following the split, Bollinger's shares will continue to trade under the symbol BINI on Nasdaq, with trading on a split-adjusted basis commencing at the market's opening on August 4.

The reverse stock split will drastically reduce the number of outstanding shares from approximately 423.5 million to about 1.7 million. This adjustment will also apply proportionally to outstanding equity awards, warrants, and convertible notes, with fractional shares being rounded up to the nearest whole share. For more details on this announcement, visit https://ibn.fm/yvjql.

This move by Bollinger Innovations is significant as it reflects the company's efforts to maintain its listing on Nasdaq, ensuring continued visibility and access to capital markets. The reverse stock split is a common strategy employed by companies to meet exchange listing requirements, potentially making the stock more attractive to investors by increasing its per-share price. Bollinger Innovations, with its focus on the next generation of commercial electric vehicles, including the CARB and EPA certified ONE and THREE models, is positioning itself for future growth in the competitive EV market.

For further information about Bollinger Innovations and its range of electric vehicles, visit https://www.BollingerEV.com. The company's commitment to innovation and sustainability in the automotive sector underscores the importance of this financial restructuring as it seeks to solidify its market position and continue its trajectory of growth and development in the electric vehicle industry.