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materiality 0.65
Bollinger Innovations announces 1-for-250 reverse stock split to regain Nasdaq compliance
BOLLINGER INNOVATIONS, INC.
- Effective Aug 4, 2025, 1-for-250 reverse stock split reduces shares from ~423.5M to ~1.7M.
- Split aims to meet Nasdaq's $1.00 minimum bid price requirement for continued listing.
- No fractional shares; all fractional shares rounded up to nearest whole share.
- Proportional adjustments to warrants, convertible notes, preferred stock, and equity awards.
- Authorized shares and par value unchanged; new CUSIP 62526P885.
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