Bollinger Innovations to effect 1-for-250 reverse stock split September 22

Bollinger Innovations (BINI) will effect a 1-for-250 reverse stock split of its common stock, par value $0.001 per share, that will become effective on Sept. 22, 2025, at 12:01 a.m. Eastern Time. The Common Stock will continue to trade on The Nasdaq Capital Market under the existing BINI symbol and will begin trading on a split-adjusted basis when the market opens on Sept. 22, 2025. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P877. This will be the last reverse stock split Bollinger Innovations initiates for the next three years. The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its Nasdaq listing. There is no guarantee the Company will meet the minimum bid price requirement.