Bollinger Innovations, Inc. (NASDAQ: BINI), an electric vehicle manufacturer, has announced a 1-for-250 reverse stock split of its common stock, effective Sept. 22, 2025, at 12:01 a.m. Eastern Time. The move is designed to help the company regain compliance with Nasdaq's $1.00 minimum bid price requirement, a critical listing standard. Shares will continue trading on Nasdaq under the ticker BINI on a split-adjusted basis beginning that day, with a new CUSIP number of 62526P877.
The reverse split, approved by stockholders on Sept. 11, will automatically convert each 250 shares of common stock into one share, reducing the outstanding share count from approximately 126.2 million to about 505,000. No fractional shares will be issued; all fractional amounts will be rounded up to the nearest whole share. The company stated this will be the last reverse stock split it initiates for the next three years, signaling a commitment to stability.
This corporate action underscores the challenges faced by smaller EV manufacturers in maintaining listing requirements amid volatile market conditions. For Bollinger, the reverse split is a strategic step to attract institutional investors and improve the stock's perception, as higher share prices often align with listing standards and investor confidence. However, reverse splits can also signal financial distress if not accompanied by operational improvements.
Bollinger Innovations, based in Southern California, focuses on commercial electric vehicles, including the Class 1 EV cargo van "ONE" and the Class 3 EV cab chassis truck "THREE," both available in the U.S. The company operates a manufacturing facility in Tunica, Mississippi, and has a dealer network of six dealers, including Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, and Randy Marion Auto Group, providing coverage in key West Coast, Midwest, Pacific Northwest, and Mid-Atlantic markets. Additionally, its subsidiary Bollinger Motors, based in Oak Park, Michigan, launched production of the B4 Class 4 electric truck on Sept. 16, 2024, and has developed a dealer network with over 50 locations across the United States.
The reverse stock split is a pivotal moment for Bollinger Innovations as it seeks to maintain its Nasdaq listing while continuing to scale its EV production and dealer network. Investors will be watching closely to see if the split, combined with the company's operational progress, can restore confidence and support a sustainable share price above the $1 threshold. For more details, the full press release is available at https://ibn.fm/1nSUY.
