Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ___ Commission file number: 001-34887 BOLLINGER INNOVATIONS, INC. (Exact name of registrant as specified in its charter) Delaware 86-3289406 (St ...

Exhibit 99.1 Bollinger Innovations, Inc. Announces Quarterly Results for 3 and 9 Months Ended June 30, 2025 Company continues to reduce cash burn; including recently initiating strategic move of Bollinger B4 manufacturing from Roush Industries in Michigan to Company-owned plant in Tunica, Miss. Subsequent to June 30, the Company increased shareholder equity by more than $110 million BREA, Calif., Aug. 14, 2025 -- via IBN – Bollinger Innovations, Inc. (NASDAQ: BINI) ("Bollinger Innovations" or the "Company") ...

NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Mullen Automotive, Inc. (NASDAQ:MULN) on behalf of long-term stockholders following a class action complaint that was filed against Mullen on March 26, 2025 with a Class Period from May 1, 2022 to March 26, 2025. Our investigation concerns whether the board of directors of Mullen have breached their fiduciary duties to the company. The Compla ...

Company Overview - Mullen Automotive Inc. will officially change its name to Bollinger Innovations, Inc. effective July 28, 2025, with the stock symbol changing to "BINI" on the Nasdaq Capital Market [1][2] - The name and stock symbol change will not affect the company's legal structure or business operations, and stockholders are not required to take any actions [2] Product and Operations - Bollinger Innovations is focused on building the next generation of commercial electric vehicles (EVs) with manufacturing based in Tunica, Mississippi, covering 120,000 square feet [3] - The company began commercial vehicle production in August 2023, with its Class 1 EV cargo van (ONE) and Class 3 EV cab chassis truck (THREE) certified by the California Air Resource Board (CARB) and EPA as of January 2024 [3] - The commercial dealer network consists of seven dealers providing sales and service coverage across key markets in the U.S. [3] Strategic Developments - Bollinger Motors, a majority-owned subsidiary of Bollinger Innovations, launched production of its Class 4 electric truck (B4) on September 16, 2024, and has developed a dealer network with over 50 locations across the U.S. for sales and service support [4]

Core Viewpoint - Mullen Automotive Inc. will officially change its name to Bollinger Innovations, Inc. on July 28, 2025, with the new stock symbol BINI, reflecting a strategic shift to unify its products and brands for the commercial vehicle industry [1][2]. Company Overview - Bollinger Innovations, Inc. is based in Southern California and focuses on manufacturing the next generation of commercial electric vehicles (EVs) with production facilities located in Tunica, Mississippi, covering 120,000 square feet [3]. - The company began commercial vehicle production in August 2023, with its Class 1 EV cargo van (ONE) and Class 3 EV cab chassis truck (THREE) certified by the California Air Resource Board (CARB) and EPA, available for sale in the U.S. as of January 2024 [3]. - The commercial dealer network includes seven dealers, providing sales and service coverage across key regions such as the West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic [3]. Recent Developments - Bollinger Motors, a majority-owned subsidiary of Bollinger Innovations, launched the production of its Class 4 electric truck (B4) on September 16, 2024, and has established a dealer network with over 50 locations across the U.S. for sales and service support [4].

Core Viewpoint - Mullen Automotive Inc. is rebranding to Bollinger Innovations, Inc. and has received NASDAQ approval for a new stock symbol, BINI, with the effective date yet to be determined [1][2]. Company Overview - Mullen Automotive is an emerging electric vehicle manufacturer based in Southern California, with a vehicle plant located in Tunica, Mississippi, covering 120,000 square feet [6]. - The company began commercial vehicle production in August 2023 and offers vehicles that comply with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications [6]. Product Offerings - The commercial EV lineup includes the Mullen ONE, a Class 1 EV cargo van, and the Mullen THREE, a Class 3 EV cab chassis truck, designed for urban last-mile delivery [4]. - The Bollinger B4 Chassis Cab is a new all-electric Class 4 commercial truck featuring a 185-mile range, a 46-foot turning radius, and a payload capacity of 7,325 pounds [5]. Strategic Location - The rebranded Oceanside, California, Commercial Vehicle Center is strategically located off Interstate 5, providing easy access for businesses in the San Diego region to explore and purchase commercial EVs [2]. Leadership Statements - CEO David Michery emphasized the company's commitment to advancing its product offerings in the commercial EV sector, specifically around Class 1, 3, and 4 vehicles [3]. Dealer Network - Mullen's commercial dealer network consists of seven dealers, ensuring sales and service coverage across key markets including the West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic [6]. Recent Developments - Bollinger Motors, a majority-owned subsidiary of Mullen, launched production of its B4 Class 4 electric truck on September 16, 2024, and is developing a dealer network with over 50 locations across the U.S. for sales and service support [7].

Core Points - Mullen Automotive Inc. plans to change its name to Bollinger Innovations, Inc. and has received NASDAQ approval for a new stock symbol, BINI [1] - The company is rebranding its Commercial Vehicle Center in Oceanside, California, to align with the new name, enhancing accessibility for local businesses [2] - The company continues to advance its product offerings in the commercial electric vehicle sector, focusing on Class 1, 3, and 4 vehicles [3] Company Overview - Mullen's commercial EV lineup includes the Mullen ONE, a Class 1 EV cargo van, and the Mullen THREE, a Class 3 EV cab chassis truck, both compliant with U.S. safety and emissions standards [4] - The Bollinger B4 Chassis Cab is a new Class 4 electric truck featuring a 185-mile range, a 46-foot turning radius, and a payload capacity of 7,325 pounds, designed for urban operations [5] - Mullen operates a vehicle plant in Tunica, Mississippi, and began commercial vehicle production in August 2023, with a dealer network of seven covering key U.S. markets [6] Strategic Developments - Bollinger Motors, a majority-owned subsidiary of Mullen, launched production of its B4 electric truck in September 2024 and has established a dealer network with over 50 locations across the U.S. [7]

Core Insights - Mullen Automotive's subsidiary, Bollinger Motors, highlights that August will be an optimal time to purchase commercial electric vehicles due to the replenishment of state incentives in New York [1][3] - The New York Truck Voucher Incentive Program (NYTVIP) offers credits ranging from $85,000 to $144,000, significantly enhancing the affordability of commercial EVs when combined with federal tax credits [2][3] - The Bollinger B4, an all-electric Class 4 truck, is designed to meet the needs of commercial fleets and is supported by various incentive programs [4][5] Company Overview - Bollinger Motors, founded in 2015 and headquartered in Oak Park, Michigan, is a majority-owned subsidiary of Mullen Automotive since September 2022 [6][8] - Mullen Automotive operates two vehicle plants in the U.S. and began commercial vehicle production in August 2023, with its EVs certified for sale in the U.S. [7] - The company has established a dealer network of seven dealers across key U.S. markets to support sales and service [7] Product Details - The Bollinger B4 features a unique chassis design that protects its 158-kWh battery pack, providing enhanced capability and safety for commercial applications [4] - The vehicle's patented Quad Bend frame construction allows for a tighter turning radius, making it suitable for urban environments [5]

Core Viewpoint - Mullen Automotive is consolidating operations with Bollinger Motors, rebranding to Bollinger Innovations, and expects to change its NASDAQ ticker symbol before August 15, 2025 [2][3] Group 1: Consolidation and Cost Reduction - The consolidation involves moving commercial vehicle operations to Oak Park, Michigan, and merging sales, marketing, and service operations under the Bollinger brand [3] - Since January 2025, the company has eliminated 155 positions and reduced operating expenses by at least $35 million annually [2][5] - The consolidation aims to eliminate redundancy and focus on Class 1, 3, and 4 commercial vehicle segments [3] Group 2: Leadership Statements - The Chief Revenue Officer expressed confidence in driving products to market while being fiscally responsible under a unified brand [4] - The Chief Operating Officer highlighted significant savings in marketing, sales, engineering, and operational expenses due to the consolidation [4] Group 3: Product Lineup - Mullen's commercial EV lineup includes the Mullen ONE, a Class 1 EV cargo van, and the Mullen THREE, a Class 3 EV cab chassis truck, both compliant with U.S. safety and emissions standards [6] - The Bollinger B4 Chassis Cab is an all-electric Class 4 commercial truck designed for urban operations, featuring a 185-mile range and a payload capacity of 7,325 pounds [7] Group 4: Company Background - Mullen Automotive is based in Southern California and focuses on manufacturing the next generation of electric vehicles, including various commercial and consumer models [8]

Core Viewpoint - Mullen Automotive is expanding its market reach by accepting cryptocurrency, including Bitcoin and the $TRUMP meme coin, for the purchase of its electric vehicles, positioning itself as one of the few manufacturers to do so [1][2]. Company Overview - Mullen Automotive is based in Southern California and focuses on the production of commercial electric vehicles (EVs) with two manufacturing plants located in Tunica, Mississippi, and Mishawaka, Indiana [5]. - The company began commercial vehicle production in August 2023 and has received certifications from the California Air Resources Board (CARB) and the Environmental Protection Agency (EPA) for its vehicles [5]. - Mullen's commercial EV lineup includes the Mullen ONE, a Class 1 EV cargo van, and the Mullen THREE, a Class 3 EV cab chassis truck, both designed for urban last-mile delivery [3][5]. Cryptocurrency Acceptance - Mullen is one of the only vehicle manufacturers currently accepting cryptocurrency as a payment method for vehicle purchases, which is expected to broaden its customer base [2][8]. - The company is exploring the acceptance of additional cryptocurrencies, including other popular meme and stable coins [2]. Vehicle Specifications - The Bollinger B4 Chassis Cab is a Class 4 commercial truck with a 185-mile range, a 46-foot turning radius, and a payload capacity of 7,325 pounds, designed for urban operations [4]. - Mullen's vehicles comply with U.S. Federal Motor Vehicle Safety Standards and are certified for clean air emissions [3]. Dealer Network - Mullen has established a commercial dealer network consisting of seven dealers across key markets in the U.S., providing sales and service support [5][6].