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Bollinger Innovations Announces Move to OTC Markets Effective Monday, Oct. 13, 2025
Globenewswire· 2025-10-09 21:00
Core Viewpoint - Bollinger Innovations, Inc. is transitioning its common stock trading from Nasdaq to the OTC Markets to enhance operational flexibility and reduce compliance costs while maintaining investor access and trading under the ticker symbol BINI [1][2][4]. Group 1: Transition to OTC Markets - The move to the OTC Markets is aimed at maximizing asset value and reducing the administrative burden associated with Nasdaq's regulatory requirements [2][5]. - The OTC Markets provide a more flexible and cost-effective platform for public companies, allowing for better allocation of financial resources [2][5]. - Bollinger Innovations plans to evaluate various market tiers within the OTC Markets and may consider listing on an international exchange in the future [3][4]. Group 2: Compliance and Regulatory Background - Bollinger Innovations was informed by Nasdaq that it was not in compliance with the listing rule requiring a market value of at least $35 million [4]. - The company withdrew from the Nasdaq hearings process and expects its common stock to be suspended from trading on Nasdaq effective October 13, 2025 [4]. Group 3: Business Strategy and Product Line - The company is focused on expanding its commercial electric vehicle (EV) market footprint, with a lineup that includes the Mullen ONE, Mullen THREE, and Bollinger B4 chassis cab [5][6]. - All vehicles are compliant with U.S. Federal Motor Vehicle Safety Standards and environmental regulations [6][7]. - Bollinger Motors, a subsidiary, has established a dealer network with over 50 locations across the U.S. for sales and service support [8].
Bollinger Innovations Signs Agreement with Ariel Fleet Holdings to Provide FedEx ISPs, Advanced Logistics Systems and Springbok Holdings with 34 Commercial EVs for Last Mile Deliveries
Globenewswire· 2025-10-02 12:45
Core Insights - Bollinger Innovations has signed an agreement to supply 30 Mullen THREE EV trucks and four Mullen ONE EV cargo vans to Ariel Fleet Holdings for use by FedEx Independent Service Providers in North Carolina and Virginia [1][2] - The Mullen THREE and Mullen ONE are designed as zero-emission vehicles that provide significant operational value for last-mile delivery [2][3] - Ariel Fleet Holdings, along with Advanced Logistics Systems and Springbok Holdings, aims to promote sustainable transportation solutions and reduce carbon footprints through the deployment of these electric vehicles [2][5] Company Overview - Bollinger Innovations is an electric vehicle manufacturer based in Southern California, with a manufacturing facility in Tunica, Mississippi, and a commercial dealer network across key U.S. markets [6][7] - The company's product lineup includes the Mullen ONE, a Class 1 urban delivery EV cargo van, and the Mullen THREE, a Class 3 urban utility EV cab chassis truck [3][6] - Bollinger Motors, a subsidiary of Bollinger Innovations, has established a dealer network with over 50 locations across the United States for sales and service support [7] Industry Context - Advanced Logistics Systems and Springbok Holdings are focused on converting fleets to electric vehicles, promoting sustainability, and reducing operating costs [5] - Advanced Logistics Systems has collaborated with Virginia Clean Cities since 2022 to facilitate EV rollouts and has received a DOE grant for deploying an EV fleet [5]
Bollinger Motors Adds Ziegler Truck Group, Range Truck Group to National Sales and Service Network
Globenewswire· 2025-09-02 13:15
Core Viewpoint - Bollinger Innovations, Inc. expands its commercial sales and service network by appointing Ziegler Truck Group and Range Truck Group as official dealers, enhancing its presence in Minnesota, Wisconsin, Iowa, and Washington [1][2][3] Company Overview - Bollinger Innovations, Inc. is an electric vehicle manufacturer based in Southern California, focusing on commercial electric vehicles with a manufacturing facility in Tunica, Mississippi [5][6] - The company has launched the B4, a Class 4 electric truck, and has developed a dealer network with over 50 locations across the United States for sales and service support [6] Dealer Network Expansion - The addition of Ziegler Truck Group and Range Truck Group allows for the sale of the Bollinger B4 chassis cab, Mullen ONE Class 1 EV cargo van, and Mullen THREE Class 3 EV chassis cab truck, which will be rebranded as Bollinger Motors vehicles in future model years [2][3] - Ziegler Truck Group has a 110-year legacy in selling and servicing construction and agriculture equipment, while Range Truck Group specializes in industry-changing vehicles and charging solutions [3][4] Commitment to Sustainability - Both Ziegler and Range Truck Group are committed to e-mobility and sustainability, aligning with Bollinger Motors' vision for a more sustainable transportation future [3][4] - The Pacific Northwest is highlighted as an environmentally focused region, where the partnership aims to make a significant impact on the transportation industry's sustainability [5][4]
BOLLINGER INNOVATIONS OFFERS $7,500 PRICE ADJUSTMENT ON MULLEN BRANDED CLASS 1, CLASS 3 COMMERCIAL EVs; MATCHES FEDERAL INCENTIVE
Globenewswire· 2025-08-06 13:25
Core Insights - Bollinger Innovations, Inc. is offering additional price adjustments of $7,500 on existing inventory of the Mullen ONE and Mullen THREE electric vehicles, leading to a total savings of $15,000 when combined with federal tax credits [1][2][4] Group 1: Product Pricing and Incentives - The Mullen ONE, a Class 1 EV cargo van, has an MSRP of $27,000, while the Mullen THREE, a Class 3 EV cab chassis truck, is priced at $61,000 [2] - Customers can benefit from an additional $7,500 incentive through the Inflation Reduction Act if they receive delivery before the September 30 deadline [2][4] Group 2: Company Rebranding and Strategy - Bollinger Innovations, previously known as Mullen Automotive, changed its name and Nasdaq ticker symbol (Nasdaq: BINI) on July 28 to streamline operations [3] - The Mullen ONE and Mullen THREE will be rebranded as Bollinger Motors vehicles in the 2026 model year [3] Group 3: Product Line and Future Plans - The product lineup includes the Bollinger B4 Class 4 commercial electric truck, with plans to introduce a Class 5 truck in the 2027 model year [4][5] - The company aims to provide a range of affordable commercial EV options to fleet customers, enhancing sustainability in vehicle fleets [5] Group 4: Manufacturing and Dealer Network - Bollinger Innovations operates a U.S.-based manufacturing facility in Tunica, Mississippi, and has a commercial dealer network of seven dealers across key markets [5] - Bollinger Motors, a subsidiary, has established a dealer network with over 50 locations in the U.S. for sales and service support [6]
Mullen Announces Plan to Change Company’s Name to Bollinger Innovations, Inc. and NASDAQ Approval for New Symbol — BINI
Globenewswire· 2025-07-17 12:55
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].
Mullen Announces Plan to Change Company's Name to Bollinger Innovations, Inc. and NASDAQ Approval for New Symbol — BINI
GlobeNewswire News Room· 2025-07-17 12:55
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]
New York State to Offer New Commercial EV Incentives in August; Perfect Time to Buy the Bollinger B4 All-Electric Truck
Globenewswire· 2025-07-15 15:15
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]
Mullen Announces Name Change to Bollinger Innovations and Consolidation of Operations to Drive Efficiency
Globenewswire· 2025-07-15 12:55
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]
Mullen to Begin Immediately Accepting Cryptocurrency, Including Bitcoin and $TRUMP Meme Coin, for the Purchase of Mullen and Bollinger Commercial Electric Vehicles
Globenewswire· 2025-06-25 13:15
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].
Mullen Automotive Finalizes Settlement with GEM Group
Globenewswire· 2025-06-10 09:00
Core Viewpoint - Mullen Automotive has finalized a settlement with GEM Yield Bahamas Limited and GEM Global Yield LLC, resolving all outstanding legal disputes and allowing the company to focus on its operational priorities moving forward [1][2][3] Company Overview - Mullen Automotive is an electric vehicle manufacturer based in Southern California, with two vehicle plants located in Tunica, Mississippi, and Mishawaka, Indiana [4] - The Mishawaka facility spans approximately 780,000 square feet on nearly 58 acres, originally constructed for Hummer H2 production by General Motors [4] Recent Developments - Mullen began commercial vehicle production in Tunica in August 2023, with the Mullen ONE and Mullen THREE receiving CARB and EPA certification as of January 2024 [5] - The company has established a commercial dealer network across key U.S. markets, including the West Coast, Midwest, and New England [5] - Bollinger Motors, a majority-owned subsidiary of Mullen, launched production of its Class 4 electric truck, the B4, on September 16, 2024, and has developed a dealer network with over 50 locations [6]