Curated News
By: NewsRamp Editorial Staff
July 31, 2025

Bollinger Innovations Announces Reverse Stock Split to Meet Nasdaq Compliance

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Original Source

TLDR

  • Bollinger Innovations' 1-for-250 reverse stock split aims to boost NASDAQ compliance, potentially increasing stock value for investors seeking advantage in the EV market.
  • Bollinger Innovations will execute a 1-for-250 reverse stock split on August 4, 2025, reducing outstanding shares to about 1.7 million to meet NASDAQ's minimum bid price requirement.
  • Bollinger Innovations' strategic financial moves support its mission to advance the EV industry, contributing to a cleaner, more sustainable future for transportation.
  • Bollinger Innovations, transitioning from Mullen Automotive, is revolutionizing the EV sector with certified commercial vehicles and a growing dealer network across the U.S.

Impact - Why it Matters

This news is crucial for investors and stakeholders in the electric vehicle industry as it highlights Bollinger Innovations' efforts to maintain its Nasdaq listing, ensuring continued visibility and access to capital markets. The company's progress in commercial EV production and expansion of its dealer network underscores its commitment to leading the transition to sustainable transportation, offering potential growth opportunities in the burgeoning EV market.

Summary

Bollinger Innovations (NASDAQ: BINI), a leading electric vehicle manufacturer, has announced a significant 1-for-250 reverse stock split set to take effect on August 4, 2025. This strategic move, approved by stockholders, aims to ensure compliance with Nasdaq's minimum bid price requirement, reducing the number of outstanding shares from approximately 423.5 million to about 1.7 million. The company, which has rebranded from Mullen Automotive Inc., is making strides in the commercial electric vehicle sector with its CARB and EPA certified models, the ONE and THREE, available across key U.S. markets through a robust dealer network. Additionally, Bollinger Motors, a majority-owned subsidiary, has launched its B4, Class 4 electric truck, expanding its footprint with over 50 dealer locations nationwide. For more details, visit https://ibn.fm/yvjql.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Bollinger Innovations Announces Reverse Stock Split to Meet Nasdaq Compliance

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