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Bollinger Innovations, Inc. Announces Reverse Stock Split Effective Aug. 4, 2025

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Bollinger Innovations (NASDAQ: BINI) has announced a 1-for-250 reverse stock split effective August 4, 2025, at 12:01 a.m. Eastern Time. The primary goal is to regain compliance with Nasdaq's $1.00 minimum bid price requirement.

The reverse split will automatically convert every 250 current shares into one new share, reducing the total outstanding shares from approximately 423.5 million to 1.7 million. The stock will continue trading under the symbol BINI with a new CUSIP number 62526P885.

The split was approved by stockholders on July 22, 2025, and will proportionally adjust equity awards, warrants, convertible notes, and preferred stock conversion prices. No fractional shares will be issued, with all fractions rounded up to the nearest whole share.

Bollinger Innovations (NASDAQ: BINI) ha annunciato un reverse stock split 1 per 250 che entrerà in vigore il 4 agosto 2025 alle 00:01 ora Eastern. L'obiettivo principale è quello di tornare a rispettare il requisito minimo di prezzo di offerta di $1,00 imposto da Nasdaq.

Il reverse split convertirà automaticamente ogni 250 azioni attuali in una nuova azione, riducendo il numero totale di azioni in circolazione da circa 423,5 milioni a 1,7 milioni. Le azioni continueranno a essere negoziate con il simbolo BINI e avranno un nuovo numero CUSIP 62526P885.

La suddivisione è stata approvata dagli azionisti il 22 luglio 2025 e adeguerà proporzionalmente premi azionari, warrant, note convertibili e prezzi di conversione delle azioni privilegiate. Non verranno emesse azioni frazionarie; tutte le frazioni saranno arrotondate per eccesso all’azione intera più vicina.

Bollinger Innovations (NASDAQ: BINI) ha anunciado una consolidación inversa de acciones 1 por 250 que entrará en vigor el 4 de agosto de 2025 a las 12:01 a.m., hora del Este. El objetivo principal es recuperar el cumplimiento con el requisito mínimo de precio de oferta de $1.00 de Nasdaq.

La consolidación convertirá automáticamente cada 250 acciones actuales en una nueva acción, reduciendo el total de acciones en circulación de aproximadamente 423.5 millones a 1.7 millones. Las acciones seguirán cotizando bajo el símbolo BINI con un nuevo número CUSIP 62526P885.

La operación fue aprobada por los accionistas el 22 de julio de 2025 y ajustará proporcionalmente las concesiones de capital, warrants, notas convertibles y precios de conversión de acciones preferentes. No se emitirán acciones fraccionarias; todas las fracciones se redondearán hacia arriba a la acción entera más cercana.

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Bollinger Innovations (NASDAQ : BINI) a annoncé une division inversée d’actions au ratio de 1 pour 250 qui prendra effet le 4 août 2025 à 00h01, heure de l’Est. L’objectif principal est de retrouver la conformité avec l’exigence minimale de prix d’offre de 1,00 $ du Nasdaq.

Cette division inversée convertira automatiquement chaque tranche de 250 actions actuelles en une nouvelle action, réduisant ainsi le nombre total d’actions en circulation d’environ 423,5 millions à 1,7 million. Le titre continuera d’être négocié sous le symbole BINI avec un nouveau numéro CUSIP 62526P885.

La division a été approuvée par les actionnaires le 22 juillet 2025 et ajustera proportionnellement les attributions d’actions, les bons de souscription, les obligations convertibles et les prix de conversion des actions privilégiées. Aucune action fractionnaire ne sera émise ; toutes les fractions seront arrondies à l’action entière la plus proche vers le haut.

Bollinger Innovations (NASDAQ: BINI) hat eine 1-zu-250 Reverse-Aktienzusammenlegung angekündigt, die am 4. August 2025 um 0:01 Uhr Eastern Time wirksam wird. Das Hauptziel ist die Wiederherstellung der Einhaltung der Mindestgebotspreis-Anforderung von Nasdaq in Höhe von 1,00 USD.

Bei der Reverse-Split werden automatisch jeweils 250 bestehende Aktien in eine neue Aktie umgewandelt, wodurch die Gesamtzahl der ausstehenden Aktien von etwa 423,5 Millionen auf 1,7 Millionen reduziert wird. Die Aktie wird weiterhin unter dem Symbol BINI gehandelt und erhält eine neue CUSIP-Nummer 62526P885.

Der Split wurde von den Aktionären am 22. Juli 2025 genehmigt und wird die Aktienprämien, Warrants, Wandelanleihen und Umwandlungspreise für Vorzugsaktien anteilig anpassen. Bruchteile von Aktien werden nicht ausgegeben; alle Bruchteile werden auf die nächste ganze Aktie aufgerundet.

Positive
  • None.
Negative
  • Significant 1-for-250 reduction in share count indicates severe price deterioration
  • No guarantee of meeting minimum bid price requirement
  • May impact stock liquidity due to reduced share count

Insights

Bollinger's 1-for-250 reverse split aims to avoid Nasdaq delisting but signals severe share price deterioration without addressing fundamental business challenges.

Bollinger Innovations' announcement of an extremely steep 1-for-250 reverse stock split represents a last-resort measure to maintain Nasdaq listing compliance. This drastic ratio � at the maximum end of their approved range from 1-for-2 to 1-for-250 � indicates severe underlying financial distress.

The company's primary motivation is explicitly to meet Nasdaq's $1.00 minimum bid price requirement, suggesting their current share price has fallen to pennies. Basic calculations reveal their pre-split share price is likely below $0.004 per share given the chosen ratio. The company's acknowledgment that "there is no guarantee the Company will meet the minimum bid price requirement" even after this extreme measure reveals significant internal concerns about continued market confidence.

The reduction from 423.5 million shares to approximately 1.7 million will artificially inflate the share price but does nothing to address the fundamental business challenges causing the severe price decline. While technically not changing any shareholder's equity percentage (except for fractional share rounding), this maneuver often precedes further dilution as struggling companies seek additional capital.

Importantly, this split affects various securities differently � equity awards, warrants, and convertible notes will be adjusted proportionally, yet the 2022 Equity Incentive Plan's share reserve remains unchanged, potentially indicating plans for significant future equity issuance to executives or employees despite the compressed share count.

This extreme reverse split signals critical weakness in Bollinger's EV business fundamentals and represents a significant red flag for investors.

BREA, Calif., July 31, 2025 (GLOBE NEWSWIRE) -- via IBN � () (“Bollinger Innovations� or the “Company�), an electric vehicle manufacturer, today announces that it will effect a 1-for-250 reverse stock split (“Reverse Stock Split�) of its common stock, par value $0.001 per share (“Common Stock�), that will become effective on Aug. 4, 2025, at 12:01 a.m. Eastern Time. The Common Stock will continue to trade on The Nasdaq Capital Market (“Nasdaq�) under the existing BINI symbol and will begin trading on a split-adjusted basis when the market opens on Aug. 4, 2025. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P885.

The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its Nasdaq listing. There is no guarantee the Company will meet the minimum bid price requirement.

At the Company’s Special Meeting of Stockholders held on July 22, 2025, the Company’s stockholders approved a proposal to authorize a reverse stock split of the Company’s Common Stock, at a ratio within the range of 1-for-2 to 1-for-250. The Company’s board of directors approved a 1-for-250 reverse split ratio, and the Company will file a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split effective Aug. 4, 2025.

The 1-for-250 Reverse Stock Split will automatically combine and convert 250 current shares of the Company’s Common Stock into one issued and outstanding share of Common Stock. Proportional adjustments also will be made to outstanding equity awards, warrants and convertible notes, and certain existing agreements pursuant to their terms; however, pursuant to the terms of the Company’s 2022 Equity Incentive Plan, as amended, the number of shares then reserved for issuance under such plan will not be adjusted based upon the Reverse Stock Split ratio. Proportionate adjustments will also be made to the per share conversion price of the Company’s series of preferred stock, pursuant to their respective terms. The Reverse Stock Split will not change the par value of the Common Stock nor the authorized number of shares of Common Stock, preferred stock or any series of preferred stock.

No fractional shares will be issued in connection with the Reverse Stock Split. All fractional shares will be rounded up to the nearest whole share. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s equity (other than as a result of the rounding of shares to the nearest whole share in lieu of issuing fractional shares). Currently, prior to the Reverse Stock Split, there are approximately 423.5 million shares of Common Stock, which after the Reverse Stock Split, will be reduced to approximately 1.7 million shares of Common Stock.

The Company’s transfer agent, Continental Stock Transfer & Trust Company, will serve as exchange agent for the Reverse Stock Split. Registered stockholders holding pre-split shares of the Company’s Common Stock electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such broker’s particular processes, and will not be required to take any action in connection with the Reverse Stock Split.

About Bollinger Innovations

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 located 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 seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, 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 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.

To learn more about the Company, visit .

Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Innovations and are difficult to predict. Examples of such risks and uncertainties include but are not limited to how Bollinger Innovations� stock will perform after the Reverse Stock Split, Bollinger Innovations� ability to timely implement the Reverse Stock Split, the success of the Reverse Stock Split, and Bollinger Innovations� ability to regain compliance with Nasdaq Listing standards. Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Innovations� ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Innovations� ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Innovations� ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Innovations� ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Innovations� business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Innovations � business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Innovations� business; (x) Bollinger Innovations� ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Bollinger Innovations with the Securities and Exchange Commission. Bollinger Innovations anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Bollinger Innovations assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Innovations�  plans and expectations as of any subsequent date.

Contact:
Bollinger Innovations, Inc.
+1 (714) 613-1900

Corporate Communications:
IBN
Austin, Texas

512-354-7000 Office


FAQ

When will Bollinger Innovations (BINI) reverse stock split take effect?

The 1-for-250 reverse stock split will take effect on August 4, 2025, at 12:01 a.m. Eastern Time.

What is the ratio of BINI's reverse stock split?

Bollinger Innovations will implement a 1-for-250 reverse stock split, meaning every 250 current shares will be converted into one new share.

How many shares will BINI have after the reverse split?

After the reverse split, BINI's outstanding shares will be reduced from 423.5 million to approximately 1.7 million shares.

Why is Bollinger Innovations (BINI) doing a reverse stock split?

The primary reason is to bring the company into compliance with Nasdaq's $1.00 minimum bid price requirement to maintain its listing.

Do BINI shareholders need to take any action for the reverse split?

No, shareholders holding shares electronically in book-entry form or via brokers do not need to take any action. Positions will be automatically adjusted.
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