Bollinger (BINI) Slashes 19.7% on Lack of Leads

We recently published 10 Stocks Losing Big. Bollinger Innovations, Inc. (NASDAQ:BINI) is one of the worst performers of Tuesday.

Shares of Bollinger Innovations dropped for a second day on Tuesday, slashing 19.74 percent to finish at $0.3030 apiece as investors continued to dump shares amid the lack of catalysts to boost investing appetite.

Tuesday’s closing price marked its 10th consecutive day of falling below the minimum bid price requirement of $1 after a new series of reverse stock splits earlier this month.

Bollinger (BINI) Slashes 19.7% on Lack of Leads

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This year alone, Bollinger Innovations, Inc. (NASDAQ:BINI) implemented five rounds of reverse stock splits, the latest being 1-for-250, in a bid to comply with the Nasdaq’s bid price requirement. The transaction potentially impacted the liquidity of its stock.

Bollinger Innovations, Inc. (NASDAQ:BINI) is a Southern California-based automotive company building the next generation of commercial electric vehicles.

In the third quarter of fiscal year 2025, the company widened its net loss attributable to shareholders by 49 percent to $129.7 million from $87.36 million in the same period last year.

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