Bollinger Innovations Commits to Long-Term Stability, Announces NO Further Reverse Stock Splits for Next 3 Years
Rhea-AI Summary
Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, has announced its commitment to avoid any further reverse stock splits for the next three years following its latest split on September 22, 2025. The recent reverse split was implemented to maintain Nasdaq listing compliance by meeting the $1.00 minimum bid price requirement.
The company also reported receiving $1,074,035 in revenue from commercial electric vehicle sales in August 2025, demonstrating continued sales growth and improved cash flow. CEO David Michery emphasized that while the reverse split decision was challenging, it was necessary for maintaining their Nasdaq listing and ensuring long-term company viability.
Positive
- None.
Negative
- Required reverse stock split to meet minimum bid requirements indicates previous stock price weakness
- History of reverse splits may suggest ongoing capitalization challenges
News Market Reaction – BINI
On the day this news was published, BINI declined 14.81%, reflecting a significant negative market reaction. Argus tracked a peak move of +33.1% during that session. Argus tracked a trough of -18.8% from its starting point during tracking. Our momentum scanner triggered 30 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $640K from the company's valuation, bringing the market cap to $4M at that time. Trading volume was very high at 4.8x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Company recently announced receipt of
BREA, Calif., Sept. 23, 2025 (GLOBE NEWSWIRE) -- via IBN -- Bollinger Innovations, Inc. (NASDAQ: BINI) (“Bollinger Innovations” or the “Company”), an electric vehicle manufacturer, today announces that the reverse stock split (“Reverse Stock Split”) of its common stock that went into effect on Sept. 22, 2025, at 12:01 a.m. Eastern Time is expected to be the last reverse stock split the Company will implement for at least the next three years. The Company also recently announced the receipt of over
The reverse stock split was a necessary step to bring the Company into compliance with the
"The decision to conduct another reverse stock split was not taken lightly," said David Michery, CEO and chairman of Bollinger Innovations and Bollinger Motors. "We understand the concerns that can arise from such corporate actions. However, this move was crucial for ensuring the long-term viability of the company and our ability to remain a publicly traded entity on Nasdaq. We are committed to a path of long-term sustainable growth and intend to not implement another reverse split over the next three years."
About Bollinger Innovations
Bollinger Innovations (NASDAQ: BINI) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with a U.S. based vehicle manufacturing facility located in Tunica, Mississippi. Both the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, are available for sale in the U.S. The Company’s commercial dealer network consists of six dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, and Mid-Atlantic markets.
Bollinger Motors, of Oak Park, Michigan, is an established EV truck company of Bollinger Innovations. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support.
To learn more about the Company, visit www.BollingerEV.com.
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Innovations and are difficult to predict. Examples of such risks and uncertainties include but are not limited to our ability to successfully reduce expenses and realize the anticipated cost savings, the Company's ability to successfully execute on its business plan, the impact of the Reverse Stock Split on the Company’s share price; the success of the Reverse Stock Split, and the Company’s ability to regain and maintain compliance with Nasdaq Listing standards. Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Innovations’ ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Innovations’ ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Innovations’ ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Innovations’ ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Innovations’ business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Innovations ‘ business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Innovations’ business; (x) Bollinger Innovations’ ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Bollinger Innovations with the Securities and Exchange Commission. Bollinger Innovations anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Bollinger Innovations assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Innovations’ plans and expectations as of any subsequent date.
Contact:
Bollinger Innovations, Inc.
+1 (714) 613-1900
www.BollingerEV.com
Corporate Communications:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512-354-7000 Office
Editor@InvestorBrandNetwork.com
FAQ
What did Bollinger Innovations (BINI) announce about future reverse stock splits?
How much revenue did Bollinger Innovations (BINI) generate from vehicle sales in August 2025?
Why did Bollinger Innovations (BINI) implement its latest reverse stock split?
When did Bollinger's (BINI) latest reverse stock split take effect?
What is Bollinger Innovations' (BINI) strategy for long-term growth?
