FAQ: Bollinger Innovations, Inc. (NASDAQ: BINI) 1-for-250 Reverse Stock Split
Summary
What is the purpose of Bollinger Innovations’ reverse stock split?
The reverse stock split is intended to bring Bollinger Innovations into compliance with Nasdaq’s $1.00 minimum bid price requirement, ensuring the company’s shares continue to be listed on the Nasdaq exchange.
When will the reverse stock split take effect?
The reverse stock split will take effect on August 4, 2025, at 12:01 a.m. Eastern Time, with shares beginning to trade on a split-adjusted basis when the markets open that day.
How will the reverse stock split affect the number of outstanding shares?
The reverse stock split will reduce the approximately 423.5 million shares currently outstanding to about 1.7 million, with proportional adjustments made to outstanding equity awards, warrants, and convertible notes.
Will Bollinger Innovations’ stock symbol change after the reverse split?
No, Bollinger Innovations’ shares will continue to trade on Nasdaq under the symbol BINI after the reverse stock split.
What happens to fractional shares as a result of the reverse stock split?
Fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share.
Where can I find more information about Bollinger Innovations?
More information about Bollinger Innovations can be found on their website at www.BollingerEV.com or in the company’s newsroom at https://ibn.fm/BINI.
What are Bollinger Innovations’ main products?
Bollinger Innovations’ main products include the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, both of which are California Air Resource Board (‘CARB’) and EPA certified and available for sale in the U.S.
Who are Bollinger Innovations’ commercial dealers?
Bollinger Innovations’ commercial dealer network includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key markets across the U.S.
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