Bollinger Innovations Takes Further Cost Cutting Actions Resulting in Reducing Its Quarterly Cash Burn from $21.2M to $8.9M; a 58% Quarterly Decrease [Yahoo! Finance]
Bollinger Innovations, Inc. (BINI)
Company Research
Source: Yahoo! Finance
BREA, Calif., Sept. 15, 2025 (GLOBE NEWSWIRE) -- via IBN – Bollinger Innovations, Inc. (NASDAQ: BINI ) (“Bollinger Innovations” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the Company has taken further cost cutting actions by reducing its quarterly cash burn from $21.2 million to $8.9 million, resulting in a 58% decrease. The Company remains focused on reducing expenses without affecting marketing, sales and manufacturing capabilities while EV sales momentum continues to grow across commercial vehicle Classes 1, 3 and 4. “We remain committed to our commercial vehicle sales opportunities and expanding our market reach while continuing to focus on positioning the Company for long term success,” stated David Michery, CEO and Chairman of Bollinger Innovations and Bollinger Motors. The Company's commercial EV lineup includes the Class 1 urban delivery EV cargo van and the Class 3 urban utility EV cab chassis truck, purpose-built to meet the demands of
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BINI
News
- Michigan EV maker Bollinger Motors misses payroll as emails reveal mounting debts [Yahoo! Finance]Yahoo! Finance
- Activist Investor Takes 9.99% Stake in Bollinger Innovations, Inc. Asks CEO to Maintain Nasdaq Listing, Seeks 50% of Shares and Board Control Via Tender Offer at 55% Premium Now or to Seek Board Seat; and to Propose Dividend, Bring New Funding Source StraGlobeNewswire
- Bollinger Innovations Announces Move to OTC Markets Effective Monday, Oct. 13, 2025 [Yahoo! Finance]Yahoo! Finance
- Bollinger Innovations Announces Move to OTC Markets Effective Monday, Oct. 13, 2025GlobeNewswire
- Bollinger Innovations Signs Agreement with Ariel Fleet Holdings to Provide FedEx ISPs, Advanced Logistics Systems and Springbok Holdings with 34 Commercial EVs for Last Mile DeliveriesGlobeNewswire
BINI
Sec Filings
- 10/10/25 - Form 8-K
- 9/23/25 - Form 8-K
- 9/16/25 - Form 8-K
- BINI's page on the SEC website