Mullen Announces Plan to Change Company's Name to Bollinger Innovations, Inc. and NASDAQ Approval for New Symbol — BINI

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]