Curated News
By: NewsRamp Editorial Staff
September 18, 2025
Bollinger Innovations Announces 1-for-250 Reverse Stock Split to Regain Nasdaq Compliance
TLDR
- Bollinger Innovations' reverse stock split boosts share price to meet Nasdaq compliance, potentially attracting new investors and stabilizing the stock for competitive advantage.
- Bollinger Innovations executes a 1-for-250 reverse stock split on Sept 22, 2025, converting shares to reduce count from 126.2M to 505K with no fractions issued.
- Bollinger Innovations' financial stability move supports its mission to advance US-made electric commercial vehicles, promoting cleaner transportation and sustainable industry growth.
- Bollinger Innovations condenses 126 million shares into just 505,000 through a reverse split, a rare corporate action to maintain Nasdaq listing eligibility.
Impact - Why it Matters
This reverse stock split directly impacts current shareholders by significantly reducing their share count while potentially increasing the stock price to meet Nasdaq requirements. For investors, it signals the company's commitment to maintaining its listing status and could indicate management's confidence in future performance. In the broader electric vehicle market, Bollinger's stability affects competition and innovation in commercial EV manufacturing, particularly as the company expands its dealer network and production capabilities. The move also serves as a cautionary tale about the challenges facing emerging EV companies in maintaining market compliance while scaling operations.
Summary
Bollinger Innovations (NASDAQ: BINI), a Southern California-based electric vehicle manufacturer, has announced a dramatic 1-for-250 reverse stock split effective September 22, 2025, at 12:01 a.m. Eastern Time. This strategic move, approved by stockholders on September 11, aims to help the company regain compliance with Nasdaq's $1.00 minimum bid price requirement. The reverse split will reduce outstanding shares from approximately 126.2 million to about 505,000, with no fractional shares issued—all fractional amounts will be rounded up to the nearest whole share. The company has committed that this will be its last reverse stock split for the next three years, signaling confidence in its future stability.
Bollinger Innovations operates through its established EV truck company, Bollinger Motors of Oak Park, Michigan, which recently launched its B4 Class 4 electric truck production on September 16, 2024. The company manufactures commercial electric vehicles including the ONE (Class 1 EV cargo van) and THREE (Class 3 EV cab chassis truck), supported by a growing dealer network featuring Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, and Randy Marion Auto Group. These dealers provide sales and service coverage across key markets including the West Coast, Midwest, Pacific Northwest, and Mid-Atlantic regions. The company's manufacturing facility is located in Tunica, Mississippi, emphasizing its commitment to U.S.-based production.
This news was distributed through TinyGems, a specialized communications platform focused on innovative small-cap and mid-cap companies with significant potential. TinyGems is part of the Dynamic Brand Portfolio at IBN (InvestorBrandNetwork), which provides comprehensive corporate communications solutions including wire distribution, article syndication to over 5,000 outlets, press release enhancement, and social media distribution to millions of followers. Investors can access the latest updates on Bollinger Innovations through the company's newsroom at https://ibn.fm/BINI or view the full press release at https://ibn.fm/1nSUY for complete details.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Bollinger Innovations Announces 1-for-250 Reverse Stock Split to Regain Nasdaq Compliance
