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Bollinger Innovations Strengthens Balance Sheet With $133M Equity Boost, Expects To Meet Nasdaq Listing Standards
Benzinga·07/29/2025 12:55:30
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Company increases shareholder equity by approximately $133 million
Company expects shareholder equity to exceed Nasdaq listing requirements
BREA, Calif., July 29, 2025 (GLOBE NEWSWIRE) -- via IBN – Bollinger Innovations, Inc. (NASDAQ:BINI) ("Bollinger Innovations" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today that the Company has eliminated all warrants and $25.3 million of convertible notes, strengthening its balance sheet. The Company entered into agreements with existing noteholders to exchange convertible notes and warrants into newly created preferred stock.
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