Bollinger Innovations Strengthens Balance Sheet by Eliminating all Warrants and $25.3 Million of Convertible Notes

Core Viewpoint - Bollinger Innovations, Inc. has strengthened its financial position by eliminating all warrants and $25.3 million of convertible notes, which is expected to enhance shareholder equity and meet Nasdaq listing requirements [1][2]. Financial Position - The company has improved its capital structure through the elimination of debt and warrants, supported by key investors [2]. - Shareholder equity is projected to exceed Nasdaq listing requirements following these financial adjustments [1]. Product Lineup - Bollinger Innovations offers a commercial electric vehicle lineup that includes the ONE, a Class 1 EV cargo van, and the THREE, a Class 3 EV cab chassis truck, both compliant with U.S. safety and emissions standards [2][4]. - The Bollinger B4 Chassis Cab is a Class 4 electric truck featuring a 185-mile range, a 46-foot turning radius, and a payload capacity of 7,325 pounds, designed for urban operations [3]. Manufacturing and Distribution - The company operates a U.S.-based manufacturing facility located in Tunica, Mississippi, and has established a commercial dealer network with seven dealers across key markets [4]. - Bollinger Motors, a subsidiary of Bollinger Innovations, has launched the B4 electric truck production and developed a dealer network with over 50 locations in the U.S. [5].