(Total Views: 120)
Posted On: 09/18/2025 4:56:14 PM
Post# of 1131
NetworkNewsBreaks – Bollinger Innovations, Inc. (NASDAQ: BINI) to Enact 1-for-250 Reverse Stock Split
Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, will implement a 1-for-250 reverse stock split of its common stock effective Sept. 22, 2025, at 12:01 a.m. Eastern Time. Shares will continue trading on Nasdaq under the ticker BINI on a split-adjusted basis beginning that day, with a new CUSIP number of 62526P877. The reverse split, approved by stockholders on Sept. 11, is intended to help the company regain compliance with Nasdaq’s $1.00 minimum bid price requirement. 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. The company stated this will be the last reverse stock split it initiates for the next three years.
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 Sept. 22, 2025, at 12:01 a.m. Eastern Time. Shares will continue trading on Nasdaq under the ticker BINI on a split-adjusted basis beginning that day, with a new CUSIP number of 62526P877. The reverse split, approved by stockholders on Sept. 11, is intended to help the company regain compliance with Nasdaq’s $1.00 minimum bid price requirement. 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. The company stated this will be the last reverse stock split it initiates for the next three years.
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
(0)
(0)
