Articles from Bollinger Innovations, Inc.

Payments were received Aug. 27, 2025, and Sept. 12, 2025, respectively, from Pritchard Automotive for DB Schenker and Ziegler Truck Group for previously announced Sept. 4, 2025, sale of vehicles

This will be the last reverse stock split Bollinger initiates for the next three years

Company is reducing expenses without affecting marketing, sales and manufacturing capabilities while sales momentum continues to grow

Sales invoiced at $1,074,035; Company in receipt of full payment from DB Schenker and expects to receive full payment from Ziegler/Range on or before Sept. 30, 2025

Industry leaders bolster Bollinger Motors presence in Minnesota, Wisconsin, Iowa and Washington

Company cost cutting initiatives include additional staff cuts and closing of facilities to further reduce overall operating expenses

Price adjustment, combined with federal tax credit, provides $15,000 in savings

BREA, Calif., July 31, 2025 (GLOBE NEWSWIRE) -- via IBN – Bollinger Innovations, Inc. (NASDAQ: BINI) (“Bollinger Innovations” or the “Company”), an electric vehicle manufacturer, today announces that it will effect a 1-for-250 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective on Aug. 4, 2025, at 12:01 a.m. Eastern Time. The Common Stock will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the existing BINI symbol and will begin trading on a split-adjusted basis when the market opens on Aug. 4, 2025. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P885.

Company increases shareholder equity by approximately $133 million

Nasdaq ticker symbol has been updated to “BINI”