Bollinger Innovations, Inc. (NASDAQ: BINI), a leader in the electric vehicle sector, has taken a significant step to ensure its continued listing on the Nasdaq by announcing a 1-for-250 reverse stock split of its common stock, effective August 4, 2025. This decision, which received stockholder approval during a special meeting on July 22, is aimed at meeting the Nasdaq's $1.00 minimum bid price requirement, a critical factor for maintaining the company's visibility and credibility in the competitive electric vehicle market.
The reverse stock split will see the number of outstanding shares reduced from approximately 423.5 million to about 1.7 million, with proportional adjustments to outstanding equity awards, warrants, and convertible notes. Fractional shares resulting from the split will be rounded up to the nearest whole share, ensuring a fair and straightforward process for all shareholders. This strategic move underscores Bollinger Innovations' commitment to growth and sustainability in the green energy sector, as it continues to innovate in the electric vehicle industry.
Following its rebranding from Mullen Automotive Inc. to Bollinger Innovations, Inc. on July 28, 2025, the company has focused on manufacturing the next generation of commercial electric vehicles in the U.S. Its product lineup includes the ONE, a Class 1 EV cargo van, and the THREE, a Class 3 EV cab chassis truck, both of which are CARB and EPA certified and available for sale nationwide. The expansion of its commercial dealer network to seven dealers and the acquisition of Bollinger Motors in September 2022 have further strengthened its position in the EV truck segment, highlighted by the launch of the B4, Class 4 electric truck production.
For more details on Bollinger Innovations and its initiatives, visit https://www.BollingerEV.com. This reverse stock split is a pivotal moment for Bollinger Innovations as it navigates the challenges and opportunities within the electric vehicle industry, reinforcing its commitment to innovation and sustainability.
