Core Viewpoint - Bollinger Innovations, Inc. is implementing significant cost-cutting measures, including staff reductions and facility closures, to streamline operations and reduce operating expenses while focusing on increasing commercial revenue generation [1][2][5]. Cost-Cutting Initiatives - The company has reduced General & Administrative (G&A) and Research & Development (R&D) expenses from $47.7 million to $18.6 million per quarter, representing a 61% decrease [1][2]. - Additional staff reductions and facility closures are taking place in locations such as Irvine, CA, Monrovia, CA, and Mishawaka, IN [5][6]. Operational Consolidation - Following the recent merger, the company has consolidated operations under the Bollinger Innovations brand, identifying efficiencies in its streamlined operations [2]. - The production line for the B4 electric truck has been moved from Roush Industries to the company-owned facility in Tunica, Mississippi, eliminating third-party manufacturing [5][6]. Product Line and Market Focus - Bollinger Innovations is focused on selling commercial electric vehicles, including the Class 1 urban delivery EV cargo van and the Class 3 urban utility EV cab chassis truck, designed for urban last-mile delivery [2]. - The company’s commercial dealer network consists of six dealers across key markets in the U.S., enhancing sales and service coverage [4]. Compliance and Standards - All vehicles produced by Bollinger Innovations comply with U.S. Federal Motor Vehicle Safety Standards, EPA regulations, and CARB certifications, ensuring adherence to clean air emissions standards [3].