10:05 AM EDT, 09/23/2025 (MT Newswires) -- Bollinger Innovations ( BINI ) said Tuesday its recent reverse stock split will be the last such action for at least the next three years.

The reverse stock split, which took effect Monday, was a required move for the company to remain listed on the Nasdaq stock exchange, which requires a minimum bid price of $1.00 per share, the electric vehicle manufacturer said.

The company also said it generated more than $1 million from the sale of its commercial electric vehicles in August.

Shares of Bollinger Innovations ( BINI ) were down 2.6% in recent Tuesday trading.

Price: 8.29, Change: -0.22, Percent Change: -2.56