Bollinger Innovations Commits to Long-Term Stability, Announces NO Further Reverse Stock Splits for Next 3 Years

Core Viewpoint - Bollinger Innovations, Inc. has announced a reverse stock split to comply with Nasdaq listing requirements and reported over $1 million in sales for August 2025, indicating growth in sales and cash flow [1][2][3]. Group 1: Reverse Stock Split - The reverse stock split took effect on September 22, 2025, and is expected to be the last one for at least the next three years [1][3]. - This action was necessary to meet the $1.00 minimum bid price requirement for maintaining its Nasdaq listing [2]. Group 2: Financial Performance - The company reported receipt of $1,074,035 for commercial electric vehicles sold in August 2025, reflecting ongoing sales growth [1]. Group 3: Company Commitment - The CEO emphasized that the reverse stock split was crucial for the long-term viability of the company and its commitment to sustainable growth [3]. - The company aims to focus on growth and value creation for shareholders following this corporate action [2]. Group 4: Company Overview - Bollinger Innovations is based in Southern California and manufactures commercial electric vehicles, with a manufacturing facility in Tunica, Mississippi [4]. - 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 [4]. Group 5: Bollinger Motors - Bollinger Motors, a subsidiary of Bollinger Innovations, launched its B4 Class 4 electric truck production on September 16, 2024, and has established a dealer network with over 50 locations in the U.S. [5].