TechMediaBreaks – Bollinger Innovations, Inc. (NASDAQ: BINI) Eliminates Warrants and $25.3 Million in Convertible Notes to Strengthen Balance Sheet
Bollinger Innovations (NASDAQ: BINI), an emerging electric vehicle manufacturer, announced it has eliminated all warrants and $25.3 million of convertible notes through agreements with existing noteholders to exchange the debt into newly created preferred stock. CEO and Chairman David Michery said the move improves the company’s capital structure and reflects continued investor support. Bollinger’s commercial EV lineup includes the ONE Class 1 cargo van, THREE Class 3 cab chassis, and the B4 Class 4 chassis cab, all compliant with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications. To view the full press release, visit https://ibn.fm/aSvGX About Bollinger Innovations,…