BOLLINGER Stock Price, News & Analysis

Bollinger Innovations (NASDAQ: BINI) has expanded its commercial EV network by adding Ziegler Truck Group and Range Truck Group as official dealers across Minnesota, Wisconsin, Iowa, and Washington. These dealers will sell the Bollinger B4 chassis cab, Mullen ONE Class 1 EV cargo van, and Mullen THREE Class 3 EV chassis cab truck.

Both dealer groups, with Ziegler's 110-year legacy in construction and agriculture equipment, will focus on e-mobility solutions and sustainable fleet transportation. The partnership strengthens Bollinger's commercial vehicle presence in the Upper Midwest and Pacific Northwest regions.

Bollinger Innovations (NASDAQ: BINI) has announced significant cost-cutting measures as part of its ongoing operational consolidation. The company has implemented a 61% reduction in quarterly G&A and R&D expenses, dropping from $47.7M to $18.6M.

Key measures include additional staff reductions, closure of facilities in Irvine, Monrovia, and Mishawaka, elimination of third-party manufacturing with Roush Industries, and consolidation of B4 production to their Tunica plant. The company maintains its focus on commercial EV sales, offering Class 1 delivery vans, Class 3 utility trucks, and the B4 Chassis Cab, all compliant with federal safety and emissions standards.

Bollinger Innovations (NASDAQ: BINI) reported financial results for Q3 2025, highlighting strategic initiatives to reduce costs and improve operations. The company is moving Bollinger B4 manufacturing from Roush Industries to its Tunica, Mississippi facility to streamline operations and reduce costs.

Key financial metrics include a net loss of $291.8 million for the nine months ended June 30, 2025. Total cash decreased to $0.9 million from $10.7 million, with negative working capital of $144.1 million. The company achieved a 53.7% reduction in cash burn, spending $73.6 million on operations versus $159.2 million in the previous year.

Post quarter-end, Bollinger significantly improved its balance sheet by converting $119 million in warrants to Series G Preferred stock and $30 million in convertible notes to Series F Preferred stock, increasing shareholder equity by over $110 million.

Bollinger Innovations (NASDAQ: BINI) has announced a $7,500 price adjustment on its Mullen ONE and Mullen THREE commercial electric vehicles. When combined with federal incentives, customers can save up to $15,000 before September 30, 2025.

The Mullen ONE Class 1 EV cargo van is now priced at $27,000, while the Mullen THREE Class 3 EV cab chassis truck's MSRP is $61,000. The company, formerly known as Mullen Automotive, recently rebranded and will transition these vehicles to the Bollinger Motors brand for the 2026 model year.

The company's product lineup includes the Bollinger B4 Class 4 commercial electric truck, with plans to launch a Class 5 truck in the 2027 model year.

Bollinger Innovations (NASDAQ: BINI) has announced a 1-for-250 reverse stock split effective August 4, 2025, at 12:01 a.m. Eastern Time. The primary goal is to regain compliance with Nasdaq's $1.00 minimum bid price requirement.

The reverse split will automatically convert every 250 current shares into one new share, reducing the total outstanding shares from approximately 423.5 million to 1.7 million. The stock will continue trading under the symbol BINI with a new CUSIP number 62526P885.

The split was approved by stockholders on July 22, 2025, and will proportionally adjust equity awards, warrants, convertible notes, and preferred stock conversion prices. No fractional shares will be issued, with all fractions rounded up to the nearest whole share.

Bollinger Innovations (NASDAQ: BINI), an emerging EV manufacturer, has significantly strengthened its balance sheet by eliminating all warrants and $25.3 million of convertible notes. The company achieved this through agreements with existing noteholders to exchange convertible notes and warrants for newly created preferred stock, resulting in an approximate $133 million increase in shareholder equity.

The company's commercial EV lineup includes the ONE (Class 1 EV cargo van) and THREE (Class 3 EV cab chassis truck) for urban last-mile delivery, both fully compliant with federal safety standards and emissions requirements. Additionally, their B4 Chassis Cab, a Class 4 commercial truck, features a 158-kWh battery pack, 185-mile range, and 7,325-pound payload capacity.

Bollinger Innovations, Inc. (Nasdaq: BINI), formerly known as Mullen Automotive Inc., has officially completed its corporate name change effective July 28, 2025. The company's Nasdaq stock symbol has been updated from its previous ticker to BINI at market open on the same date.

The name and symbol change does not affect the company's CUSIP number, legal structure, or business operations. Shareholders are not required to take any action. The EV manufacturer now unifies its commercial Class 1, 3, and 4 vehicles under the Bollinger brand.