Core Viewpoint - Bollinger Innovations, Inc. is focused on reducing cash burn and streamlining operations by moving manufacturing to a company-owned facility, while also increasing shareholder equity significantly. Financial Results - For the nine months ending June 30, 2025, the net loss attributable to common shareholders was $291.8 million, compared to a loss of $289.9 million for the same period in 2024, reflecting a slight increase in losses [5] - The total cash spent on operating and investing activities decreased by 53.7% to $73.6 million from $159.2 million in the previous year [7] - The company had total cash of $0.9 million as of June 30, 2025, down from $10.7 million on September 30, 2024, with negative working capital of $144.1 million [6] Operational Highlights - The company initiated a strategic move to transfer Bollinger B4 manufacturing from Roush Industries in Michigan to its facility in Tunica, Mississippi, aiming to reduce costs and improve efficiency [2] - A pricing adjustment of $7,500 on Class 1 and Class 3 commercial EVs was announced, which can be combined with a federal tax credit for total savings of up to $15,000 per vehicle [4] - The company has begun accepting cryptocurrency for vehicle purchases, including Bitcoin and the $TRUMP meme coin [4] Equity and Financing - Following recent transactions, the estimated stockholders' equity of the company as of August 14, 2025, exceeds $3 million, significantly increasing from previous levels [12] - Net cash provided by financing activities was $63.7 million for the nine months ended June 30, 2025, compared to $7.5 million for the same period in 2024 [7] Sales and Deliveries - Recent sales include the delivery of a Bollinger B4 truck to The Lower East Side Ecology Center in New York City and an Urban Delivery Class 1 EV cargo van to Global Expert Shipping [4] - The company is actively participating in ride-and-drive events to increase awareness of its commercial fleet offerings [4] Manufacturing and Technology Partnerships - In April 2025, the company signed a partnership with Enpower Greentech Inc. to develop solid-state battery technology [9] - The company showcased two battery packs at the ACT show in May 2025, indicating ongoing advancements in battery technology [9]