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materiality 0.50
Mullen Automotive announces 1-for-100 reverse stock split effective April 11, 2025
BOLLINGER INNOVATIONS, INC.
- Reverse stock split at 1-for-100 ratio effective April 11, 2025 at 12:01 a.m. ET.
- Outstanding shares reduced from ~238.7M to ~2.4M (press release says ~220M to ~2.2M).
- Split intended to meet Nasdaq's $1.00 minimum bid price requirement; no guarantee of compliance.
- No fractional shares; all fractional shares rounded up to nearest whole share.
- Common stock continues trading under symbol MULN; new CUSIP number 62526P703.