FAQ: Bollinger Innovations, Inc. (NASDAQ: BINI) 1-for-250 Reverse Stock Split
Summary
What is the main purpose of Bollinger Innovations’ reverse stock split?
The reverse stock split is intended to help Bollinger Innovations regain compliance with Nasdaq’s $1.00 minimum bid price requirement, which is necessary for maintaining its listing on the exchange.
When does the reverse stock split take effect?
The 1-for-250 reverse stock split becomes effective on September 22, 2025, at 12:01 a.m. Eastern Time, with shares trading on a split-adjusted basis beginning that day.
How will the reverse stock split affect shareholders?
Each 250 shares of common stock will be automatically converted into one share, reducing the outstanding share count from approximately 126.2 million to about 505,000. No fractional shares will be issued, as all fractional amounts will be rounded up to the nearest whole share.
Will the company’s ticker symbol change after the reverse split?
No, shares will continue trading on Nasdaq under the ticker symbol BINI, but they will trade on a split-adjusted basis with a new CUSIP number of 62526P877.
Who approved this reverse stock split?
The reverse stock split was approved by Bollinger Innovations’ stockholders on September 11, 2025, as mentioned in the content.
Is this the only reverse stock split the company plans?
Yes, the company stated that this will be the last reverse stock split it initiates for the next three years, providing shareholders with certainty about future corporate actions.
What type of company is Bollinger Innovations?
Bollinger Innovations is a Southern California-based automotive company building the next generation of commercial electric vehicles (EVs), with a U.S. manufacturing facility in Tunica, Mississippi, and products including Class 1 EV cargo vans and Class 3 EV cab chassis trucks.
Where can I find more information about Bollinger Innovations and this announcement?
You can view the full press release at https://ibn.fm/1nSUY and find the latest news and updates in the company’s newsroom at https://ibn.fm/BINI.
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