8-K
Bollinger Innovations, Inc. (BINI)
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): | September 2, 2025 |
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BOLLINGER INNOVATIONS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-34887 | 86-3289406 |
|---|---|---|
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |
1405 Pioneer Street, Brea, California 92821
(Address, including zip code, of principal executive offices)
| Registrant’s telephone number, including area code | (714) 613-1900 |
|---|
(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) |
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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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 | None | The Nasdaq Stock Market, LLC<br><br> <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 7.01. | Regulation FD Disclosure. |
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On September 2, 2025, Bollinger Innovations, Inc. issued a press release, a copy of which is furnished as Exhibit 99.1 to this report and incorporated herein by reference into this Item 7.01.
The information in this Item 7.01 and Exhibit99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly setforth by specific reference in such filing.
| Item 9.01 | Exhibits. |
|---|---|
| (d) | Exhibits |
| --- | --- |
| Exhibit No. | Description |
| --- | --- |
| 99.1 | Press Release dated September 2, 2025 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
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. | ||
|---|---|---|
| Date: September 3, 2025 | By: | /s/ David Michery |
| David Michery | ||
| Chief Executive Officer |
2
Exhibit99.1
BollingerInnovations Announces Additional Cost Cutting Measures
Companycost cutting initiatives include additional staff cuts and closing of facilities to further reduce overall operating expenses
Forthe quarter ending June 30, 2025, G&A and R&D expenses totaled $47.7M; Company has further reduced G&A and R&D to $18.6M(61% drop) per quarter moving forward
Postrecent consolidation of Company operations, additional reductions include:
| ● | Additional<br>reduction in staff |
|---|---|
| ● | Further<br>elimination of facilities and personnel in Irvine, CA, Monrovia, CA, Mishawaka, IN |
| --- | --- |
| ● | Elimination<br>of third-party manufacturing, specifically Roush Industries |
| --- | --- |
| ● | Consolidation<br>of B4 production line from Roush Industries to Company-owned plant in Tunica, MS |
| --- | --- |
| ● | Additional<br>reduction of operating expense burn rate |
| --- | --- |
BREA, Calif., Sep. 02, 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 initiated additional staff reductions and further elimination of facilities as the Company continues to consolidate business operations since its recent merger under the Bollinger Innovations brand. The Company continues focus on reduction of current burn rate while increasing near term commercial revenue generation.
For the quarter ending June 30, 2025, G&A and R&D expenses totaled $47.7M. The Company has further reduced G&A and R&D to $18.6M (61% drop) per quarter moving forward.
Post recent consolidation of Company operations under Bollinger Innovations, additional reductions include the following:
| ● | Additional<br>reduction in staff, post recent consolidation of Company operations |
|---|---|
| ● | Further<br>elimination of facilities and personnel in Irvine, CA, Monrovia, CA, Mishawaka, IN |
| --- | --- |
| ● | Elimination<br>of third-party manufacturing, specifically Roush Industries |
| --- | --- |
| ● | Consolidation<br>of B4 production line from Roush Industries to Company-owned plant in Tunica, MS |
| --- | --- |
| ● | Additional<br>reduction of operating expense burn rate |
| --- | --- |
“We recently completed our rebranding under Bollinger Innovations and have identified additional efficiencies under our new streamlined Company operations,” said David Michery, CEO and chairman of Bollinger Innovations and Bollinger Motors. “Our continued focus is on selling commercial vehicles and advancing our Company forward in 2025 and beyond.”
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 urban last-mile delivery and service. The Bollinger B4 Chassis Cab is 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.
AboutBollinger Innovations, Inc.
Bollinger Innovations (NASDAQ: BINI) 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, 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 www.BollingerEV.com.
Forward-LookingStatements
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 timeframes for implementation of anticipated cost-cutting and expense reduction initiatives and the resultant impact to the Company, if any, of these measures are met. 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
www.BollingerEV.com
CorporateCommunications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
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