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Posted On: 07/31/2025 4:24:38 PM
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NetworkNewsBreaks – Bollinger Innovations, Inc. (NASDAQ: BINI) to Implement 1-for-250 Reverse Stock Split Effective August 4
Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, will implement a 1-for-250 reverse stock split of its common stock effective August 4, 2025, at 12:01 a.m. Eastern Time. The company’s shares will continue trading on Nasdaq under the symbol BINI and will begin trading on a split-adjusted basis when markets open that day. The reverse split, approved by stockholders at a July 22 special meeting, is intended to bring the company into compliance with Nasdaq’s $1.00 minimum bid price requirement. The action 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. Fractional shares will be rounded up to the nearest whole share.
NOTE TO INVESTORS: The latest news and updates relating to BINI are available in the company’s newsroom at https://nnw.fm/BINI
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, will implement a 1-for-250 reverse stock split of its common stock effective August 4, 2025, at 12:01 a.m. Eastern Time. The company’s shares will continue trading on Nasdaq under the symbol BINI and will begin trading on a split-adjusted basis when markets open that day. The reverse split, approved by stockholders at a July 22 special meeting, is intended to bring the company into compliance with Nasdaq’s $1.00 minimum bid price requirement. The action 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. Fractional shares will be rounded up to the nearest whole share.
NOTE TO INVESTORS: The latest news and updates relating to BINI are available in the company’s newsroom at https://nnw.fm/BINI
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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