Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, announced that its reverse stock split, effective Sept. 22, 2025, is expected to be the last such action for at least the next three years. The split brought the company into compliance with Nasdaq’s $1.00 minimum bid price requirement, a critical step to maintain its listing and long-term viability.
CEO and Chairman David Michery emphasized that the move was essential for the company’s future. “This reverse stock split positions Bollinger Innovations for focused growth and value creation,” Michery said. The company also recently reported receiving more than $1 million in payments for commercial electric vehicles sold in August 2025, indicating strong demand for its products.
Bollinger Innovations is building the next generation of commercial electric vehicles at its U.S. manufacturing facility in Tunica, Mississippi. The company offers two models: the ONE, a Class 1 EV cargo van, and the THREE, a Class 3 EV cab chassis truck, both available for sale in the United States. Its commercial dealer network includes six dealers, such as Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, and Mid-Atlantic markets.
Bollinger Motors, an established EV truck company and part of Bollinger Innovations, is based in Oak Park, Michigan. It has passed numerous milestones, including the B4 Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support.
The reverse stock split and pledge of no further splits for three years signal a commitment to stability and long-term growth. Investors can view the full press release at https://ibn.fm/2WTYc and stay updated on the company’s news at https://ibn.fm/BINI.
