Bollinger Innovations Strengthens Balance Sheet by Eliminating Warrants and Convertible Notes
July 29th, 2025 2:40 PM
By: Newsworthy Staff
Bollinger Innovations, Inc. has improved its capital structure by converting $25.3 million in convertible notes and eliminating all warrants into preferred stock, signaling strong investor confidence in its electric vehicle lineup.
Bollinger Innovations, Inc. (NASDAQ: BINI), a leader in the electric vehicle (EV) manufacturing sector, has taken a significant step towards strengthening its financial foundation. The company announced the elimination of all warrants and the conversion of $25.3 million in convertible notes into newly created preferred stock through agreements with existing noteholders. This strategic move, as highlighted by CEO and Chairman David Michery, not only enhances the company's capital structure but also underscores the ongoing support from its investors. Bollinger's portfolio includes the ONE Class 1 cargo van, THREE Class 3 cab chassis, and the B4 Class 4 chassis cab, all of which meet U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications. For further details, visit https://ibn.fm/6v7lC.
Source Statement
This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,
