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Bollinger Innovations Plummets as Reverse Splits Fail to Boost Stock
27 Aug
Summary
- Bollinger Innovations stock drops 19.74% in a single day
- Company has implemented 5 reverse stock splits this year to meet Nasdaq's bid price requirement
- Widened net loss by 49% in Q3 2025 compared to prior year
On August 27, 2025, Bollinger Innovations, Inc. (NASDAQ:BINI), a Southern California-based automotive company building the next generation of commercial electric vehicles, experienced a significant drop in its stock price. Shares of the company slashed 19.74% to finish at $0.3030 apiece, marking its 10th consecutive day of falling below the minimum bid price requirement of $1 after a new series of reverse stock splits earlier this month.
This year alone, Bollinger Innovations has implemented five rounds of reverse stock splits, the latest being 1-for-250, in a bid to comply with the Nasdaq's bid price requirement. However, these transactions have potentially impacted the liquidity of the company's stock, and investors have continued to dump shares amid the lack of catalysts to boost investing appetite.
In the third quarter of fiscal year 2025, Bollinger Innovations widened its net loss attributable to shareholders by 49% to $129.7 million from $87.36 million in the same period last year. Despite the potential of the company's EV technology, the ongoing financial struggles and delisting concerns have dampened investor sentiment.
