Bollinger Innovations, Inc. (NASDAQ: BINI), an electric vehicle manufacturer, announced it 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 move, 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.
Under the reverse split, each 250 shares of common stock will be automatically converted into one share, reducing the outstanding share count from approximately 126.2 million to about 505,000. No fractional shares will be 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.
The full press release is available at https://ibn.fm/1nSUY.
Bollinger Innovations is a Southern California-based automotive company building the next generation of commercial electric vehicles (EVs) with a U.S. based vehicle manufacturing facility in Tunica, Mississippi. Both the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, are available for sale in the U.S. The company's commercial dealer network consists of six dealers, including 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, of Oak Park, Michigan, is an established EV truck company of Bollinger Innovations. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on September 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support.
For the latest news and updates relating to BINI, visit the company's newsroom at https://ibn.fm/BINI.
