BOLLINGER INNOVATIONS (BINI) Company Report

Bollinger Innovations, Inc. (BINI) will be delisted from The Nasdaq Stock Market LLC, with trading in its securities suspended at the open of trading on Monday, October 13, 2025.
This delisting is a result of the company's failure to regain compliance with Nasdaq Listing Rule 5550(b)(2), which requires a minimum Market Value of Listed Securities (MVLS) of $35.0 million, and its subsequent withdrawal of an appeal for a hearing.
Effective October 13, 2025, BINI's common stock will commence trading on the OTCID market of the OTC Markets under the ticker symbol BINI.
On September 30, 2025, the company filed amendments to increase the authorized shares of Series F Convertible Preferred Stock to 103,539 and Series G Convertible Preferred Stock to 126,460.

Oct 10, 2025, 9:00 PM

Bollinger Innovations Announces 1-for-250 Reverse Stock Split

BINI

Delisting/Listing Issues

Proxy Vote Outcomes

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.
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.
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.
All fractional shares resulting from the split will be rounded up to the nearest whole share.
The company has stated that this will be the last reverse stock split it initiates for the next three years.

Sep 23, 2025, 9:00 PM

Bollinger Innovations Announces Additional Cost Cutting Measures

BINI

Layoffs

New Projects/Investments

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.
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.
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.
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.