Bollinger Innovations trims workforce and ends factory warranty support

Rhea-AI Filing Summary

Bollinger Innovations, Inc. announced a cost-reduction plan aimed at streamlining operations and preserving liquidity. Management is reducing the workforce and closing the Troy, Michigan office to consolidate remaining staff at the Oak Park facility, while stating that no business line is being disposed of or discontinued.

The company is also changing how it supports its dealer network by discontinuing factory service and warranty support and moving to a single Oak Park location. It is evaluating potential dealer-driven programs for parts and vehicle purchases, with the possibility of future updates as those initiatives develop.

Positive

• None.

Negative

• Workforce reduction and office closure as part of a cost-reduction plan aimed at preserving liquidity and consolidating operations in Oak Park.
• Discontinuation of factory service and warranty support, shifting toward dealer-driven programs and a single-location support model.

Insights

Automotive and restructuring analyst

Bollinger is cutting costs, closing an office, and ending factory service and warranty support.

Bollinger Innovations, Inc. has initiated a cost-reduction plan that includes workforce reductions and closing its Troy, Michigan office, consolidating operations into its Oak Park facility. The company states these steps are intended to streamline operations and preserve liquidity, without disposing of or discontinuing any business line.

A key change is operational: the company is notifying dealers that factory service and warranty support will be discontinued, with support consolidated into a single Oak Park location. This alters the ownership and service experience for customers and shifts more responsibility toward dealers, while the company evaluates dealer-driven programs for parts and vehicle purchases.

These actions indicate a focus on lowering operating expenses and concentrating resources in one site, which can help liquidity but may pressure dealer and customer relationships. Subsequent company communications may clarify how dealer-driven parts and vehicle programs are structured and how they affect ongoing vehicle support.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 21, 2025

BOLLINGER INNOVATIONS, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-34887		86-3289406
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1405 Pioneer Street, Brea, California 92821

(Address, including zip code, of principal executive offices)

Registrant’s telephone number, including area code (714) 613-1900

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001		BINI		The Nasdaq Stock Market, LLC (Nasdaq Capital Market)
Rights to Purchase Series A-1 Junior Participating Preferred Stock		None		The Nasdaq Stock Market, LLC (Nasdaq Capital Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.05. Costs Associated with Exit or Disposal Activities.

On November 21, 2025, the management of Bollinger Innovations, Inc. (the “Company”) initiated a cost-reduction plan intended to streamline operations and preserve liquidity. As part of this plan, the Company has reduced its workforce and is in the process of closing its Troy, Michigan, office. These actions are designed to consolidate the remaining staff into its Oak Park facility and align its cost structure with current operating conditions. The actions do not involve the disposal or discontinuation of any business line.

Item 8.01. Other Events.

In connection with the operational restructuring, the Company has begun notifying its dealer network of changes to its support model, including the discontinuation of factory service and warranty support and the consolidation of operations into a single Oak Park location. The Company is evaluating potential dealer-driven programs relating to parts and vehicle purchases and may provide further updates as these initiatives develop.

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

	BOLLINGER INNOVATIONS, INC.
Date: November 25, 2025	By:	/s/ David Michery
		David Michery
		Chief Executive Officer

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FAQ

What cost-cutting actions did Bollinger Innovations (BINI) announce?

Bollinger Innovations announced a cost-reduction plan that includes reducing its workforce, closing its Troy, Michigan office, and consolidating remaining staff into its Oak Park facility to align its cost structure with current operating conditions.

Is Bollinger Innovations (BINI) shutting down any business lines?

The company stated that its cost-reduction actions, including workforce reductions and the Troy office closure, do not involve the disposal or discontinuation of any business line.

How is Bollinger Innovations changing its dealer support model?

Bollinger Innovations has begun notifying its dealer network that it is changing its support model by discontinuing factory service and warranty support and consolidating operations into a single Oak Park location.

What will replace factory service and warranty support at Bollinger Innovations?

The company is evaluating potential dealer-driven programs relating to parts and vehicle purchases and may provide further updates as these initiatives develop, following the discontinuation of factory service and warranty support.

Where will Bollinger Innovations operate from after the Troy, Michigan office closure?

After closing the Troy, Michigan office, Bollinger Innovations plans to consolidate its remaining staff and operations into its Oak Park facility, which becomes its single operating location mentioned in the update.

Why is Bollinger Innovations pursuing this cost-reduction plan?

According to the company, the plan is intended to streamline operations and preserve liquidity by aligning its cost structure with current operating conditions while keeping existing business lines intact.