Bollinger Innovations Announces Reverse Stock Split to Comply with Nasdaq Requirements

Bollinger Innovations, Inc. (NASDAQ: BINI) has taken a significant step to ensure its continued listing on the Nasdaq stock exchange 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 aligning the company's stock price with Nasdaq's $1.00 minimum bid price requirement. The reverse stock split will see the number of outstanding shares reduced from approximately 423.5 million to about 1.7 million, a move that also affects the company's outstanding equity awards, warrants, and convertible notes proportionally.

The strategic importance of this reverse stock split cannot be overstated for Bollinger Innovations. By maintaining its Nasdaq listing, the company secures its visibility and credibility in the highly competitive electric vehicle (EV) market. This is particularly crucial as Bollinger Innovations, which recently rebranded from Mullen Automotive Inc., is deeply invested in the U.S. manufacturing of next-generation commercial electric vehicles. Its product offerings, including the CARB and EPA certified ONE (Class 1 EV cargo van) and THREE (Class 3 EV cab chassis truck), are already making waves across the U.S. market.

Further bolstering its market position, Bollinger Innovations has expanded its commercial dealer network to seven dealers, enhancing its sales and service capabilities in key markets. The acquisition of Bollinger Motors in September 2022 has also played a pivotal role in strengthening the company's foothold in the EV truck segment, with the launch of the B4, Class 4 electric truck production standing as a testament to its growth and innovation. For more details on Bollinger Innovations and its initiatives, visit https://www.BollingerEV.com.

This reverse stock split is a clear indication of Bollinger Innovations' commitment to navigating the challenges and seizing the opportunities within the electric vehicle industry. By adhering to Nasdaq's requirements, the company not only safeguards its listing but also underscores its dedication to growth and sustainability in the green energy sector. This move is a strategic effort to ensure that Bollinger Innovations remains at the forefront of the EV revolution, driving forward with its mission to deliver innovative and sustainable transportation solutions.