Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, announced that its reverse stock split, effective Sept. 22, 2025, is expected to be the last such action for at least the next three years. The split brought the company into compliance with Nasdaq’s $1.00 minimum bid price requirement, a critical step for maintaining its listing on the exchange.
CEO and Chairman David Michery stated that the move was essential to preserve the company’s listing and long-term viability. "This reverse stock split positions Bollinger Innovations for focused growth and value creation," Michery said. The company also recently reported receiving more than $1 million in payments for commercial electric vehicles sold in August 2025, signaling ongoing operational momentum.
The reverse stock split consolidates shares to increase the per-share price, which is often used by companies to regain compliance with exchange listing standards. By pledging no further splits for three years, Bollinger aims to provide stability for investors and avoid the dilution concerns associated with frequent reverse splits.
Bollinger Innovations is a Southern California-based automotive company building the next generation of commercial electric vehicles. Its manufacturing facility is located in Tunica, Mississippi. The company offers the ONE, a Class 1 EV cargo van, and the THREE, a Class 3 EV cab chassis truck, both available for sale in the U.S. Its commercial dealer network includes six dealers: Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, and Mid-Atlantic markets.
Additionally, Bollinger Motors, based in Oak Park, Michigan, is an established EV truck company of Bollinger Innovations. Bollinger Motors has achieved significant milestones, including the B4 Class 4 electric truck production launch on Sept. 16, 2024, and the development of a dealer network with over 50 locations across the United States for sales and service support.
This announcement is important for investors and stakeholders as it addresses a key compliance issue with Nasdaq while signaling the company’s commitment to long-term strategic growth without further stock splits. The receipt of over $1 million in payments for vehicle sales in August 2025 provides a positive indicator of revenue generation.
For more details, the full press release is available at https://ibn.fm/2WTYc. Additional information about Bollinger Innovations can be found in the company’s newsroom at https://ibn.fm/BINI.
