Exchange: NASDAQ·Updated 03:50 PM EDT
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Bollinger Innovations Announces 1-For-250 Reverse Stock Split
The split is primarily intended to ensure compliance with Nasdaq listing rules that require a minimum bid price of $1, Bollinger said.
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Why Did Bollinger Innovations Stock Plunge 18% Today?
The company stated that it has eliminated third-party manufacturing, specifically with Roush Industries, and has instead consolidated the B4 production line from Roush Industries to the company-owned plant in Tunica.
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