Bollinger Innovations (NASDAQ:BINI) on Thursday said it will effect a 1-for-250 reverse stock split of its common stock, par value $0.001 per share.
The common stock will continue to trade on Nasdaq under the existing BINI symbol and will begin trading on a split-adjusted basis when the market opens on Sept. 22, 2025.
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.
