Bollinger Innovations, Inc. Announces Reverse Stock Split Effective Aug. 4, 2025

Core Viewpoint - Bollinger Innovations, Inc. will implement a 1-for-250 reverse stock split effective August 4, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will convert 250 shares of common stock into one share, reducing the total from approximately 423.5 million shares to about 1.7 million shares [4][5] - No fractional shares will be issued; all fractions will be rounded up to the nearest whole share, ensuring uniformity among stockholders [5] - The reverse stock split will not change the par value of the common stock or the authorized number of shares [4] Group 2: Compliance and Approval - The reverse stock split was approved by stockholders at a special meeting on July 22, 2025, with the board of directors selecting the 1-for-250 ratio [3] - The company aims to regain compliance with Nasdaq listing standards through this action, although there is no guarantee of meeting the minimum bid price requirement [2] Group 3: Company Overview - Bollinger Innovations is an electric vehicle manufacturer based in Southern California, focusing on commercial electric vehicles with a manufacturing facility in Tunica, Mississippi [7] - The company offers the ONE Class 1 EV cargo van and the THREE Class 3 EV cab chassis truck, supported by a dealer network across key U.S. markets [7]