- 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)