Bollinger Innovations Strengthens Balance Sheet by Eliminating all Warrants and $25.3 Million of Convertible Notes
Bollinger Innovations (NASDAQ: BINI), an emerging EV manufacturer, has significantly strengthened its balance sheet by eliminating all warrants and $25.3 million of convertible notes. The company achieved this through agreements with existing noteholders to exchange convertible notes and warrants for newly created preferred stock, resulting in an approximate $133 million increase in shareholder equity.
The company's commercial EV lineup includes the ONE (Class 1 EV cargo van) and THREE (Class 3 EV cab chassis truck) for urban last-mile delivery, both fully compliant with federal safety standards and emissions requirements. Additionally, their B4 Chassis Cab, a Class 4 commercial truck, features a 158-kWh battery pack, 185-mile range, and 7,325-pound payload capacity.
Bollinger Innovations (NASDAQ: BINI), un produttore emergente di veicoli elettrici, ha rafforzato significativamente il proprio bilancio eliminando tutti i warrant e 25,3 milioni di dollari di note convertibili. L'azienda ha raggiunto questo risultato attraverso accordi con i detentori delle note esistenti, scambiando le note convertibili e i warrant con azioni privilegiate di nuova emissione, con un aumento di circa 133 milioni di dollari del patrimonio netto.
La gamma commerciale di veicoli elettrici dell'azienda comprende il ONE (furgone cargo elettrico di Classe 1) e il THREE (camion cabina telaio elettrico di Classe 3) per le consegne urbane dell'ultimo miglio, entrambi pienamente conformi agli standard federali di sicurezza e ai requisiti sulle emissioni. Inoltre, il loro B4 Chassis Cab, un camion commerciale di Classe 4, dispone di una batteria da 158 kWh, un'autonomia di 185 miglia e una capacit脿 di carico di 7.325 libbre.
Bollinger Innovations (NASDAQ: BINI), un fabricante emergente de veh铆culos el茅ctricos, ha fortalecido significativamente su balance eliminando todos los warrants y 25,3 millones de d贸lares en notas convertibles. La compa帽铆a logr贸 esto mediante acuerdos con los tenedores actuales de notas para intercambiar las notas convertibles y warrants por acciones preferentes reci茅n emitidas, resultando en un aumento aproximado de 133 millones de d贸lares en el patrimonio de los accionistas.
La l铆nea comercial de veh铆culos el茅ctricos de la empresa incluye el ONE (furgoneta el茅ctrica de carga Clase 1) y el THREE (cami贸n chasis cabina el茅ctrico Clase 3) para entregas urbanas de 煤ltima milla, ambos completamente conformes con las normas federales de seguridad y los requisitos de emisiones. Adem谩s, su B4 Chassis Cab, un cami贸n comercial Clase 4, cuenta con una bater铆a de 158 kWh, un alcance de 185 millas y una capacidad de carga de 7,325 libras.
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須岇偓鞚� 靸侅梾鞖� 鞝勱赴彀� 霛检澑鞐呾棎電� 霃勳嫭 毵堨毵� 甑皠 氚办啞鞖╈澑 ONE (韥措灅鞀� 1 鞝勱赴 頇旊 氚�)瓿� THREE (韥措灅鞀� 3 鞝勱赴 旌愲笇 靹�鞁� 韸鸽煭)鞚� 韽暔霅橂┌, 霊� 氇嵏 氇憪 鞐半癌 鞎堨爠 旮办瓿� 氚办稖 攴滌爼鞚� 鞕勲步頌� 欷�靾橅暕雼堧嫟. 霕愴暅, 韥措灅鞀� 4 靸侅梾鞖� 韸鸽煭鞚� B4 Chassis Cab電� 158kWh 氚绊劙毽� 韺�, 185毵堨澕 欤柬枆 瓯半Μ, 7,325韺岇毚霌� 鞝侅灛 鞖╇焿鞚� 臧栰稊瓿� 鞛堨姷雼堧嫟.
Bollinger Innovations (NASDAQ: BINI), un fabricant 茅mergent de v茅hicules 茅lectriques, a consid茅rablement renforc茅 son bilan en 茅liminant tous les bons de souscription et 25,3 millions de dollars de billets convertibles. La soci茅t茅 a r茅alis茅 cela gr芒ce 脿 des accords avec les d茅tenteurs actuels de billets, 茅changeant les billets convertibles et les bons de souscription contre de nouvelles actions privil茅gi茅es, ce qui a entra卯n茅 une augmentation d'environ 133 millions de dollars des capitaux propres.
La gamme commerciale de v茅hicules 茅lectriques de l'entreprise comprend le ONE (fourgon utilitaire 茅lectrique de classe 1) et le THREE (ch芒ssis cabine 茅lectrique de classe 3) destin茅s 脿 la livraison urbaine du dernier kilom猫tre, tous deux enti猫rement conformes aux normes f茅d茅rales de s茅curit茅 et aux exigences en mati猫re d'茅missions. De plus, leur B4 Chassis Cab, un camion commercial de classe 4, est 茅quip茅 d'une batterie de 158 kWh, d'une autonomie de 185 miles et d'une capacit茅 de charge utile de 7 325 livres.
Bollinger Innovations (NASDAQ: BINI), ein aufstrebender Hersteller von Elektrofahrzeugen, hat seine Bilanz deutlich gest盲rkt, indem alle Warrants und 25,3 Millionen US-Dollar an Wandelanleihen eliminiert wurden. Das Unternehmen erreichte dies durch Vereinbarungen mit bestehenden Anleihegl盲ubigern, die Wandelanleihen und Warrants gegen neu geschaffene Vorzugsaktien tauschten, was zu einer ungef盲hren Steigerung des Eigenkapitals um 133 Millionen US-Dollar 蹿眉丑谤迟别.
Die kommerzielle Elektrofahrzeugpalette des Unternehmens umfasst den ONE (Klasse 1 Elektro-Transporter) und den THREE (Klasse 3 Elektro-Fahrgestell mit Fahrerkabine) f眉r urbane Zustellungen der letzten Meile, beide vollumf盲nglich konform mit den bundesstaatlichen Sicherheits- und Emissionsvorschriften. Au脽erdem verf眉gt ihr B4 Chassis Cab, ein Klasse 4 Nutzfahrzeug, 眉ber einen 158-kWh-Akku, eine Reichweite von 185 Meilen und eine Nutzlast von 7.325 Pfund.
- Elimination of $25.3 million in convertible notes improves debt profile
- Increase of approximately $133 million in shareholder equity
- Expected to meet Nasdaq listing requirements through improved equity position
- Strong investor support demonstrated through debt-to-equity conversion
- Dilution of existing shareholders through creation of new preferred stock
- Conversion of debt to preferred stock could create future dividend obligations
Insights
Bollinger significantly improves financial health by eliminating warrants and $25.3M of debt, boosting shareholder equity by $133M.
Bollinger Innovations has taken a major step to strengthen its financial position by eliminating all outstanding warrants and
This financial maneuver is particularly significant for an emerging EV manufacturer like Bollinger. By converting debt instruments into preferred stock, the company has reduced its debt burden and simplified its capital structure. The elimination of warrants removes potential future dilution for common shareholders, while the conversion of notes eliminates interest payment obligations and debt maturity concerns.
The transaction demonstrates continued financial support from key investors who were willing to exchange their debt positions for equity. For an early-stage EV company competing in a capital-intensive industry, maintaining strong investor backing while reducing leverage is crucial for long-term sustainability.
This restructuring arrives as Bollinger advances its commercial EV lineup, which includes Class 1, 3, and 4 vehicles targeting the urban delivery market. The timing suggests management is proactively addressing balance sheet concerns while positioning for operational growth. By exceeding Nasdaq listing requirements, the company also secures its public market status, maintaining access to capital markets for future funding needs.
Company increases shareholder equity by approximately
Company expects shareholder equity to exceed Nasdaq listing requirements
BREA, Calif., July 29, 2025 (GLOBE NEWSWIRE) -- via IBN 鈥� (NASDAQ: ) (鈥淏ollinger Innovations鈥� or the 鈥淐ompany鈥�), an emerging electric vehicle (鈥淓V鈥�) manufacturer, announces today that the Company has eliminated all warrants and
鈥淲e have improved the Company鈥檚 financial position with the elimination of all warrants and
The Company鈥檚 commercial EV lineup includes the ONE, Class 1 EV cargo van, and the THREE, Class 3 EV cab chassis truck, purpose-built to meet the demands of urban last-mile delivery. Both vehicles are available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency, and the California Air Resources Board (鈥淐ARB鈥�) certifications denoting strict adherence to clean air emissions standards.
The Bollinger B4 Chassis Cab is an all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger鈥檚 unique Quad-Bend chassis design protects the 158-kWh battery pack and components to offer unparalleled capability, maneuverability, and safety in the commercial market. The vehicle has a 185-mile range, 46-foot turning radius and a payload of 7,325 pounds, making it ideal for a variety of urban operations.
About Bollinger Innovations, Inc.
Bollinger Innovations (NASDAQ: ) is a Southern California-based automotive company building the next generation of commercial electric vehicles (鈥淓Vs鈥�) with a U.S. based vehicle manufacturing facility located in Tunica, Mississippi. Both the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, are available for sale in the U.S. The Company鈥檚 commercial dealer network consists of seven dealers, which includes Pap茅 Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets.
Bollinger Motors, of Oak Park, Michigan, is an established EV truck company of Bollinger Innovations. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support.
To learn more about the Company, visit .
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Innovations and are difficult to predict. Examples of such risks and uncertainties include but are not limited to the resultant impact to the Company from extinguishing the notes and warrants; the total amount of shareholders鈥� equity that may be realized and whether the company will regain and thereafter maintain compliance with Nasdaq鈥檚 continued listing requirements. Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Innovations鈥� ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Innovations鈥� ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Innovations鈥� ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Innovations鈥� ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Innovations鈥� business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Innovations鈥� business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Innovations鈥� business; (x) Bollinger Innovations鈥� ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Bollinger Innovations with the Securities and Exchange Commission. Bollinger Innovations anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Bollinger Innovations assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Innovations鈥� plans and expectations as of any subsequent date.
Contact:
Bollinger Innovations, Inc.
+1 (714) 613-1900
Corporate Communications
IBN
Austin, Texas
512.354.7000 Office
FAQ
How much convertible debt did Bollinger Innovations (BINI) eliminate in July 2025?
How much did Bollinger Innovations' shareholder equity increase after eliminating warrants and convertible notes?
What are the key specifications of Bollinger's B4 Chassis Cab electric truck?
What commercial EV models does Bollinger Innovations currently offer?
Will Bollinger Innovations meet Nasdaq listing requirements after this financial restructuring?
