# EDGAR Filing Document

**Accession Number:** 0001499961
**File Stem:** 0001829126-25-008053
**Filing Date:** 2025-10
**Character Count:** 32697
**Document Hash:** d14572e25c4281cdbe4b4653cef2a44a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-25-008053.hdr.sgml**: 20251010

**ACCESSION NUMBER**: 0001829126-25-008053

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20250930

**ITEM INFORMATION**: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251010

**DATE AS OF CHANGE**: 20251010

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BOLLINGER INNOVATIONS, INC.
- **CENTRAL INDEX KEY:** 0001499961
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 901025599
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34887
- **FILM NUMBER:** 251388638

**BUSINESS ADDRESS:**
- **STREET 1:** 1405 PIONEER STREET
- **CITY:** BREA
- **STATE:** CA
- **ZIP:** 92821
- **BUSINESS PHONE:** 7146131900

**MAIL ADDRESS:**
- **STREET 1:** 1405 PIONEER STREET
- **CITY:** BREA
- **STATE:** CA
- **ZIP:** 92821

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MULLEN AUTOMOTIVE INC.
- **DATE OF NAME CHANGE:** 20211108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Net Element, Inc.
- **DATE OF NAME CHANGE:** 20131206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Net Element International, Inc.
- **DATE OF NAME CHANGE:** 20121002

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): <u>September 30, 2025</u>

**BOLLINGER INNOVATIONS, INC.**

(Exact name of registrant as specified in its charter)

<u>Delaware</u> <u>001-34887</u> <u>86-3289406</u> <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

1405 Pioneer Street, Brea, California 92821

(Address, including zip code, of principal executive offices)

Registrant's telephone number, including area code <u>(714) 613-1900</u>

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.001 | BINI | The Nasdaq Stock Market, LLC<br> (Nasdaq Capital Market) |
| Rights to Purchase Series A-1 Junior Participating Preferred Stock |  | The Nasdaq Stock Market, LLC<br> (Nasdaq Capital Market) |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

---

| | |
|:---|:---|
| **Item 3.01** | **Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.** |

---

On October 8, 2025, Bollinger Innovations, Inc. (the "**Company**") received written notification from the Listing Qualifications Staff (the "**Staff**") of The Nasdaq Stock Market LLC ("**Nasdaq**") that trading in the Company's securities will be suspended at the open of trading on Monday, October 13, 2025.

On February 25, 2025, as previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the "**SEC**") on February 28, 2025, the Company received a written notice from the Staff notifying the Company that its Market Value of Listed Securities ("**MVLS**") was less than the $35.0 million minimum required for continued listing on The Nasdaq Capital Market, as required by Nasdaq Listing Rule 5550(b)(2) (the "**MVLS Listing Rule**"). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company was provided 180 calendar days, or until August 25, 2025 (the "**Compliance Period**"), to regain compliance with the MVLS Listing Rule. On August 26, 2025, as previously disclosed in a Current Report on Form 8-K filed with the SEC on August 29, 2025, the Company received a written notice from the Staff stating that the Company had not regained compliance with the MVLS Listing Rule within the Compliance Period. The Company timely requested a hearing to appeal the Staff's delist determination before a Hearings Panel, which automatically stayed any suspension or delisting action. However, the Company subsequently withdrew its request for a hearing, and, as a result, the Company received written notification from the Staff that trading in the Company's securities will be suspended on Monday, October 13, 2025. Nasdaq will also file a Form 25 Notification of Delisting with the SEC when all internal procedural periods have run.

Effective Monday, October 13, 2025, the Company's common stock will commence trading on the OTCID market of the OTC Markets and will continue to trade under ticker symbol, BINI. The Company will remain subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended.

---

| | |
|:---|:---|
| **Item 5.03** | **Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.** |

---

On September 30, 2025, the Company filed Certificates of Amendment with the Secretary of State of the State of Delaware (each a "**Certificate of Amendment**" and together, the "**Certificates of Amendment**"), amending each of the Certificate of Designations, Preferences and Rights of Series F Convertible Preferred Stock (the "**Series F Certificate of Designations**") and the Certificate of Designations, Preferences and Rights of Series G Convertible Preferred Stock (the "**Series G Certificate of Designations**" and, together with the Series F Certificate of Designations, the "**Certificates of Designations**"), which were originally filed with the Delaware Secretary of State on July 29, 2025, as previously reported in the Company's Current Report on Form 8-K, filed with the SEC on July 31, 2025, and Quarterly Report on Form 10-Q/A (Amendment No. 1), filed with the SEC on August 16, 2025. The Certificates of Amendment became effective upon filing.

The Certificate of Amendment to the Series F Certificate of Designations increased the number of authorized shares of Series F Convertible Preferred Stock, par value $0.001 per share, from 30,335 to 103,539, amended the definition of "Exchange Agreement" and created three new serial designations of Series F Preferred Stock. The Certificate of Amendment to the Series G Certificate of Designations increased the number of authorized shares of Series G Convertible Preferred Stock, par value $0.001 per share, from 116,365 to 126,460 and amended the definition of "Exchange Agreement".

---

| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.** |

---

On October 9, 2025, the Company issued a press release announcing its move to the OTC Markets. This press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

***Forward-Looking Statements***

Certain statements in this Current Report on Form 8-K 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 herein 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 whether the Company will satisfy the listing qualifications of another market of the OTC Markets; what impact the move from Nasdaq to the OTC Markets will have on the Company; that there is no guarantee that brokers will continue to make a market in the Company's common stock or that trading thereof will continue on the OTC Markets or otherwise; expected timing of the change of the listing of the common stock from Nasdaq to the OTC Markets; the potential benefits to be realized by the transfer of its listing to the OTC Markets and whether eliminating the effort and cost required to maintain compliance with Nasdaq's continued listing standards will better enable it to currently focus on its business strategy; and whether the Company will satisfy the listing criteria and be approved for trading on an international stock exchange or be able return to a U.S. national exchange in the future. Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Innovations' ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Innovations' ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Innovations' ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Innovations' 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' business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Innovations' business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Innovations' business; (x) Bollinger Innovations' 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' plans and expectations as of any subsequent date.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 3.1 | [Certificate of Amendment to Certificate of Designations, Preferences and Rights of Series F Preferred Stock, filed September 30, 2025.](bollingerinnovations_ex3-1.htm) |
| 3.2 | [Certificate of Amendment to Certificate of Designations, Preferences and Rights of Series G Preferred Stock, filed September 30, 2025.](bollingerinnovations_ex3-2.htm) |
| 99.1 | [Press Release issued on October 9, 2025](bollingerinnovations_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | BOLLINGER INNOVATIONS, INC. | BOLLINGER INNOVATIONS, INC. |
| Date: October 10, 2025 | By: | /s/ David Michery |
|  |  | David Michery |
|  |  | Chief Executive Officer |

---

## Exhibit 3.1

**Exhibit 3.1**

**CERTIFICATE OF AMENDMENT**

**TO**

**CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS** 

**OF** 

**SERIES F CONVERTIBLE PREFERRED STOCK** 

**OF**

**BOLLINGER INNOVATIONS, INC.**

The undersigned, David Michery, in accordance with the provisions of Section 103 of the Delaware General Corporation Law (the "**DGCL**"), hereby certifies that:

FIRST: He is the Chief Executive Officer of Bollinger Innovations, Inc., a Delaware corporation (the "**Company**");

SECOND: The Company's Certificate of Designations of Series F Convertible Preferred Stock (the "**Certificate of Designations**") was filed with the Secretary of State of the State of Delaware on July 29, 2025, and amended on August 14, 2025;

THIRD: The Board of Directors of the Company, acting in accordance with the provisions of Section 141(f) and Section 151(g) of the DGCL and the Company's bylaws, as currently in effect, adopted resolutions to amend the Certificate of Designations as follows (collectively, the "**Amendment**");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Section 1 of the Certificate of Designations is amended and restated in its entirety as follows:

"<u>Designation and Number of Shares</u>. There shall hereby be created and established a series of preferred stock of the Company designated as "Series F Convertible Preferred Stock", with an aggregate number of authorized shares of 103,539, consisting of the following distinctive serial designations: Series F-1 Convertible Preferred Stock (the "**F-1 Preferred Shares**"), Series F-2 Convertible Preferred Stock (the "**F-2 Preferred Shares**"), Series F-3 Convertible Preferred Stock (the "**F-3 Preferred Shares**"), Series F-4 Convertible Preferred Stock (the "**F-4 Preferred Shares**"), Series F-5 Convertible Preferred Stock (the "**F-5 Preferred Shares**"), Series F-6 Convertible Preferred Stock (the "**F-6 Preferred Shares**"), Series F-7 Convertible Preferred Stock (the "**F-7 Preferred Shares**"), Series F-8 Convertible Preferred Stock (the "**F-8 Preferred Shares**"), Series F-9 Convertible Preferred Stock (the "**F-9 Preferred Shares**"), Series F-10 Convertible Preferred Stock (the "**F-10 Preferred Shares**"), Series F-11 Convertible Preferred Stock (the "**F-11 Preferred Shares**"), and Series F-12 Convertible Preferred Stock (the "**F-12 Preferred Shares**", and together with the F-1 Preferred Shares, F-2 Preferred Shares, F-3 Preferred Shares, F-4 Preferred Shares, F-5 Preferred Shares, F-6 Preferred Shares, F-7 Preferred Shares, F-8 Preferred Shares, F-9 Preferred Shares, F-10 Preferred Shares, and F-11 Preferred Shares, the "**Preferred Shares**"). Each share of Series F Convertible Preferred Stock shall be identical in all respects to every other share of Series F Convertible Preferred Stock, except as set forth herein. The number of shares so designated shall be as follows:

560 shares of F-1 Preferred Shares;

38,500 shares of F-2 Preferred Shares;

6,835 shares of F-3 Preferred Shares;

1,700 shares of F-4 Preferred Shares;

12,086 shares of F-5 Preferred Shares;

4,723 shares of F-6 Preferred Shares;

8,238 shares of F-7 Preferred Shares;

1,715 shares of F-8 Preferred Shares;

5,086 shares of F-9 Preferred Shares;

376 shares of F-10 Preferred Shares;

3,601 shares of F-11 Preferred Shares; and

20,119 shares of F-12 Preferred Shares.

Each Preferred Share shall have a par value of $0.001. Capitalized terms not defined herein shall have the meaning as set forth in <u>Section 30</u> below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The following definition as set forth in Section 30 of the Certificate of Designations is amended and restated as follows:

"(o) **Exchange Agreement**" means (i) that certain Amendment and Exchange Agreement by and among the Company and the initial holders of Preferred Shares, dated as of July 29, 2025, as may be amended from time in accordance with the terms thereof, (ii) that certain Amendment and Exchange Agreement by and among the Company and the initial holders of Preferred Shares, dated as of August 14, 2025, as may be amended from time in accordance with the terms thereof, and (iii) that certain Amendment and Exchange Agreement by and among the Company and the initial holders of Preferred Shares, dated as of September 30, 2025, as may be amended from time to time in accordance with the terms thereof, as applicable."

FOURTH: The Amendment was duly adopted in accordance with the applicable provisions of Section 242 of the DGCL.

FIFTH: This Certificate of Amendment shall become effective immediately upon filing.

SIXTH: Except as amended pursuant to this Certificate of Amendment, the Certificate of Designations shall remain in full force and effect.

\*\*\*\*\*

IN WITNESS WHEREOF, the Company has caused this Certificate of Amendment to Certificate of Designations, Preferences, and Rights of Series F Convertible Preferred Stock of Bollinger Innovations, Inc. to be signed by its Chief Executive Officer on this 30th day of September, 2025.

---

| | | |
|:---|:---|:---|
| **BOLLINGER INNOVATIONS, INC.** | **BOLLINGER INNOVATIONS, INC.** | **BOLLINGER INNOVATIONS, INC.** |
| By: | /s/ David Michery | /s/ David Michery |
|  | Name: | David Michery |
|  | Title: | Chief Executive Officer |

---

## Exhibit 3.2

**Exhibit 3.2**

**CERTIFICATE OF AMENDMENT**

**TO**

**CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS** 

**OF** 

**SERIES G CONVERTIBLE PREFERRED STOCK** 

**OF<br> BOLLINGER INNOVATIONS, INC.**

The undersigned, David Michery, in accordance with the provisions of Section 103 of the Delaware General Corporation Law (the "**DGCL**"), hereby certifies that:

FIRST: He is the Chief Executive Officer of Bollinger Innovations, Inc., a Delaware corporation (the "**Company**");

SECOND: The Company's Certificate of Designations of Series G Convertible Preferred Stock (the "**Certificate of Designations**") was filed with the Secretary of State of the State of Delaware on July 29, 2025, and amended on August 14, 2025;

THIRD: The Board of Directors of the Company, acting in accordance with the provisions of Section 141(f) and Section 151(g) of the DGCL and the Company's bylaws, as currently in effect, adopted resolutions to amend the Certificate of Designations as follows (collectively, the "**Amendment**");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Section 1 of the Certificate of Designations is amended and restated in its entirety as follows:

"<u>Designation and Number of Shares</u>. There shall hereby be created and established a series of preferred stock of the Company designated as "Series G Convertible Preferred Stock", consisting of the following distinctive serial designations: Series G Convertible Preferred Stock (the "**Preferred Shares**"). The authorized number of Preferred Shares shall be 126,460 shares. Each Preferred Share shall have a par value of $0.001. Capitalized terms not defined herein shall have the meaning as set forth in <u>Section 30</u> below."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The following definition as set forth in Section 30 of the Certificate of Designations is amended and restated as follows:

"(o) **Exchange Agreement**" means (i) that certain Amendment and Exchange Agreement by and among the Company and the initial holders of Preferred Shares, dated as of July 29, 2025, as may be amended from time in accordance with the terms thereof, (ii) that certain Amendment and Exchange Agreement by and among the Company and the initial holders of Preferred Shares, dated as of August 14, 2025, as may be amended from time in accordance with the terms thereof, and (iii) that certain Amendment and Exchange Agreement by and among the Company and the initial holders of Preferred Shares, dated as of September 30, 2025, as may be amended from time to time in accordance with the terms thereof, as applicable."

FOURTH: The Amendment was duly adopted in accordance with the applicable provisions of Section 242 of the DGCL.

FIFTH: This Certificate of Amendment shall become effective immediately upon filing.

SIXTH: Except as amended pursuant to this Certificate of Amendment, the Certificate of Designations shall remain in full force and effect.

\*\*\*\*\*

IN WITNESS WHEREOF, the Company has caused this Certificate of Amendment to Certificate of Designations, Preferences and Rights of Series G Convertible Preferred Stock of Bollinger Innovations, Inc. to be signed by its Chief Executive Officer on this 30th day of September, 2025.

---

| | | |
|:---|:---|:---|
| **BOLLINGER INNOVATIONS, INC.** | **BOLLINGER INNOVATIONS, INC.** | **BOLLINGER INNOVATIONS, INC.** |
| By: | /s/ David Michery | /s/ David Michery |
|  | Name: | David Michery |
|  | Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**Bollinger Innovations Announces Move to OTC Markets<br> Effective Monday, Oct. 13, 2025**

***Bollinger's common stock will be traded on the OTC Markets to align with Company's operating strategy<br> and to provide critical investor access and trading***

***The move follows Bollinger's withdrawal from the Nasdaq hearings process***

 

***The Company will continue to trade under stock ticker symbol, BINI, on the OTC Markets***

 ****

***The Company will continue to evaluate the various market tiers available within OTC Markets,<br> as well as trading on an international exchange***

BREA, Calif., Oct. 9, 2025 -- via IBN – Bollinger Innovations, Inc. (NASDAQ: <u>BINI</u>) ("Bollinger Innovations" or the "Company"), an electric vehicle manufacturer, today announces that its common stock will commence trading on the OTCID market, which is part of the broader OTC Markets (the "OTC Markets"), effective, Monday, Oct. 13, 2025. The Company will continue to trade under stock ticker symbol, BINI. The OTCID market is designed to enhance investor confidence by requiring higher levels of corporate disclosure while offering stronger tools for information sharing and engagement.

Moving to the OTC Markets allows the Company to continue maximizing the value of its assets versus the regulatory requirements, the time management must dedicate to compliance and reporting, and the costs involved in maintaining a listing on the Nasdaq Stock Market ("Nasdaq"). The OTC Markets give investors access to many companies that may be less known and undervalued. The OTC Markets are also a far more flexible and cost-effective platform for public companies offering a range of reporting standards with less stringent requirements than the other major U.S. exchanges. The Company believes it will be able to better allocate financial resources that would otherwise be spent on higher exchange fees. This will allow Bollinger Innovations the operational flexibility necessary to execute its overall business strategy expanding its commercial EV market footprint. The Company believes that the transition to the OTC Markets will save expenses and should allow for a continued orderly trading market for its common stock.

The Company will continue to evaluate the various market tiers available within OTC Markets, including the OTCQB, as well as a possible return to a national exchange in the future. Along with Company's North American (domestic) trading strategy, the Company also plans to apply to list its securities on an international exchange to provide global trading coverage, including the Alternative Investment Market, a sub-market of the London Stock Exchange.

![](ex99-1_001.jpg)

As previously reported in the Company's Current Reports on Form 8-K filed with the SEC on Feb. 28, 2025, and Aug. 29, 2025, the Staff of Nasdaq informed the Company that it was not in compliance, and had not regained compliance, with Nasdaq Listing Rule 5550(b)(2), which requires a market value of listed securities of at least $35 million. Although the Company timely requested a hearing, the Company informed Nasdaq of its intention to withdraw from the Nasdaq hearings process and transition the listing of its common stock from Nasdaq to the OTC Markets. The Company expects that its common stock will be suspended from trading on Nasdaq effective at the opening of trading on Monday, Oct. 13, 2025, and will have its common stock commence trading on the OTCID of the OTC Markets immediately thereafter. The Company anticipates that Nasdaq will file a SEC Form 25 which will formally delist the Company's common stock from Nasdaq in the near term. The Company will remain subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended.

"Moving to the OTC Markets is a logical and financially prudent step for Bollinger Innovations," said David Michery, CEO and chairman of Bollinger Innovations and Bollinger Motors. "It allows us to significantly reduce our administrative burden, directly reinvesting those savings into accelerating our business strategy. We remain fully committed towards our investors as we continue our growth forward."

The Company's commercial EV lineup includes the <u>Mullen ONE</u>, a Class 1 urban delivery EV cargo van; the <u>Mullen THREE</u>, a Class 3 urban utility EV cab chassis truck purpose-built to meet the demands of urban last-mile delivery and service; and the <u>Bollinger B4</u> chassis cab, an all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input.

All vehicles are available for sale in the U.S. and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency, and the California Air Resources Board ("CARB") certifications denoting strict adherence to clean air emissions standards.

**About Bollinger Innovations**

Bollinger Innovations (NASDAQ: <u>BINI</u>) is a Southern California-based automotive company building the next generation of commercial electric vehicles ("EVs") 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's commercial dealer network consists of six dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, 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 <u>www.BollingerEV.com</u>.

![](ex99-1_001.jpg)

**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 whether the Company will satisfy the listing qualifications of another market of the OTC Markets, including the OTCQB; what impact the move from Nasdaq to the OTC Markets will have on the Company; that there is no guarantee that brokers will continue to make a market in the Company's common stock or that trading thereof will continue on the OTC Markets or otherwise; expected timing of the change of the listing of the common stock from Nasdaq to the OTC Markets; the potential benefits to be realized by the transfer of its listing to the OTC Markets and whether eliminating the effort and cost required to maintain compliance with Nasdaq's continued listing standards will better enable it to currently focus on its business strategy; and whether the Company will satisfy the listing criteria and be approved for trading on an international stock exchange or be able return to a U.S. national exchange in the future. Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Innovations' ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Innovations' ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Innovations' ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Innovations' 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' business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Innovations ' business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Innovations' business; (x) Bollinger Innovations' 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' plans and expectations as of any subsequent date.

**Contact**:

Bollinger Innovations, Inc.

+1 (714) 613-1900

<u>www.BollingerEV.com</u>

**Corporate Communications:**

IBN<br>Austin, Texas<br><u>www.InvestorBrandNetwork.com</u><br>512-354-7000 Office<br><u>Editor@InvestorBrandNetwork.com</u>