FAQ: Bollinger Innovations, Inc. (NASDAQ: BINI) 1-for-250 Reverse Stock Split
Summary
Bollinger Innovations, Inc. announces a 1-for-250 reverse stock split effective August 4, 2025, to comply with Nasdaq's minimum bid price requirement, reducing outstanding shares from approximately 423.5 million to about 1.7 million.
What is the purpose of Bollinger Innovations’ reverse stock split?
The reverse stock split is intended to bring Bollinger Innovations into compliance with Nasdaq’s $1.00 minimum bid price requirement.
When will the reverse stock split take effect?
The reverse stock split will take effect on August 4, 2025, at 12:01 a.m. Eastern Time.
How will the reverse stock split affect the number of outstanding shares?
The reverse stock split will reduce the approximately 423.5 million shares currently outstanding to about 1.7 million.
Will Bollinger Innovations’ stock symbol change after the reverse split?
No, the company’s shares will continue trading on Nasdaq under the symbol BINI.
What adjustments will be made to outstanding equity awards, warrants, and convertible notes?
Proportional adjustments will be made to outstanding equity awards, warrants, and convertible notes as part of the reverse stock split.
How will fractional shares be handled in the reverse stock split?
Fractional shares will be rounded up to the nearest whole share.
Where is Bollinger Innovations based and what does it manufacture?
Bollinger Innovations is a Southern California-based automotive company building the next generation of commercial electric vehicles, with manufacturing located in Tunica, Mississippi.
What are some of Bollinger Innovations’ commercial electric vehicles?
The company’s commercial electric vehicles include the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, both CARB and EPA certified.
How can investors stay updated on Bollinger Innovations?
Investors can find the latest news and updates relating to BINI in the company’s newsroom at https://ibn.fm/BINI.
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