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.

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.

While we acknowledge the potential of BINI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.