- Bollinger Innovations, Inc. will effect a **1-for-250 reverse stock split** of its common stock, par value $0.001 per share, becoming effective on **September 22, 2025**, at 12:01 a.m. Eastern Time.  **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** 
- The primary purpose of the Reverse Stock Split is to bring the Company into compliance with the **$1.00 minimum bid price requirement** for maintaining its Nasdaq listing.  **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** 
- As of September 17, 2025, prior to the split, there were approximately **126.2 million shares** of Common Stock, which will be reduced to approximately **505 thousand shares** after the split, without accounting for rounding up fractional shares.  **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** 
- All fractional shares resulting from the split will be **rounded up** to the nearest whole share.  **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** 
- The company has stated that this will be the **last reverse stock split** it initiates for the next three years.  **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]** **[1499961_0001829126-25-007611_bollingerinnovations_ex99-1.htm:1]**

Bollinger Innovations Announces 1-for-250 Reverse Stock Split

- Bollinger Innovations announced **additional cost-cutting measures** on September 2, 2025, including **staff reductions** and the **elimination of facilities** in Irvine, CA, Monrovia, CA, and Mishawaka, IN.  **[1499961_0001829126-25-007022_bollingerinnovations_ex99-1.htm:0]** **[1499961_0001829126-25-007022_bollingerinnovations_ex99-1.htm:1]** 
- The company has reduced its quarterly G&A and R&D expenses from **$47.7 million** for the quarter ending **June 30, 2025**, to **$18.6 million** per quarter moving forward, representing a **61% drop**.  **[1499961_0001829126-25-007022_bollingerinnovations_ex99-1.htm:0]** 
- These measures also include the **elimination of third-party manufacturing** with Roush Industries and the **consolidation of B4 production** to its company-owned plant in Tunica, MS.  **[1499961_0001829126-25-007022_bollingerinnovations_ex99-1.htm:0]** **[1499961_0001829126-25-007022_bollingerinnovations_ex99-1.htm:1]** 
- The company's continued focus is on **reducing its operating expense burn rate** and **increasing near-term commercial revenue generation** through the sale of commercial electric vehicles.  **[1499961_0001829126-25-007022_bollingerinnovations_ex99-1.htm:0]** **[1499961_0001829126-25-007022_bollingerinnovations_ex99-1.htm:1]**

BOLLINGER INNOVATIONS (BINI)