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 company's 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, approved by stockholders on September 11, represents a significant restructuring of the company's equity structure.

The primary objective of the reverse stock split is to help Bollinger Innovations regain compliance with Nasdaq's $1.00 minimum bid price requirement. 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 has committed that this will be the last reverse stock split it initiates for the next three years, providing shareholders with stability regarding future equity adjustments.

Bollinger Innovations operates as a Southern California-based automotive company focused on building the next generation of commercial electric vehicles. The company maintains a U.S. based vehicle manufacturing facility located in Tunica, Mississippi, supporting its production capabilities. 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. market, positioning the company within the growing commercial electric vehicle sector.

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. This network provides sales and service coverage in key West Coast, Midwest, Pacific Northwest, and Mid-Atlantic markets, ensuring geographic diversity in its market presence. Additional information about the company's developments and announcements can be found in its newsroom at https://ibn.fm/BINI.

Bollinger Motors, of Oak Park, Michigan, operates as an established EV truck company under Bollinger Innovations. The subsidiary has achieved significant milestones, including its B4, Class 4 electric truck production launch on September 16, 2024, demonstrating progress in product development and manufacturing capabilities. The company has also developed a world-class dealer network with over 50 locations across the United States for sales and service support, expanding its market reach beyond the initial six commercial dealers.

The reverse stock split announcement comes at a time when electric vehicle manufacturers face increasing market competition and regulatory requirements. Maintaining Nasdaq listing compliance is crucial for Bollinger Innovations to access capital markets and maintain investor confidence. The substantial reduction in outstanding shares may impact trading liquidity but could potentially increase the stock price to meet exchange requirements. Investors and market analysts will monitor the company's progress in regaining compliance and its continued execution in the competitive electric vehicle market.