Core Viewpoint - Bollinger Innovations, Inc. will implement a 1-for-250 reverse stock split to comply with Nasdaq's minimum bid price requirement of $1.00, effective September 22, 2025 [2][3][4] Group 1: Reverse Stock Split Details - The reverse stock split will convert 250 shares of common stock into one share, resulting in approximately 505 thousand shares post-split, down from approximately 126.2 million shares [5] - The reverse stock split will not change the par value of the common stock or the authorized number of shares [4] - No fractional shares will be issued; all fractional shares will be rounded up to the nearest whole share [5] Group 2: Compliance and Approval - The reverse stock split was approved by the stockholders at a special meeting on September 11, 2025, with the board of directors selecting the 1-for-250 ratio [3] - The primary goal of the reverse stock split is to ensure compliance with Nasdaq's listing standards, although there is no guarantee that the company will maintain compliance [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]