Core Viewpoint - Bollinger Innovations, Inc. will implement a 1-for-250 reverse stock split effective August 4, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will convert 250 shares of common stock into one share, reducing the total from approximately 423.5 million shares to about 1.7 million shares [4][5] - No fractional shares will be issued; all fractions will be rounded up to the nearest whole share, ensuring uniformity among stockholders [5] - The reverse stock split will not change the par value of the common stock or the authorized number of shares [4] Group 2: Compliance and Approval - The reverse stock split was approved by stockholders at a special meeting on July 22, 2025, with the board of directors selecting the 1-for-250 ratio [3] - The company aims to regain compliance with Nasdaq listing standards through this action, although there is no guarantee of meeting the minimum bid price requirement [2] Group 3: Company Overview - Bollinger Innovations is an electric vehicle manufacturer based in Southern California, focusing on commercial electric vehicles with a manufacturing facility in Tunica, Mississippi [7] - The company offers the ONE Class 1 EV cargo van and the THREE Class 3 EV cab chassis truck, supported by a dealer network across key U.S. markets [7]

Core Viewpoint - Bollinger Innovations, Inc. has strengthened its financial position by eliminating all warrants and $25.3 million of convertible notes, which is expected to enhance shareholder equity and meet Nasdaq listing requirements [1][2]. Financial Position - The company has improved its capital structure through the elimination of debt and warrants, supported by key investors [2]. - Shareholder equity is projected to exceed Nasdaq listing requirements following these financial adjustments [1]. Product Lineup - Bollinger Innovations offers a commercial electric vehicle lineup that includes the ONE, a Class 1 EV cargo van, and the THREE, a Class 3 EV cab chassis truck, both compliant with U.S. safety and emissions standards [2][4]. - The Bollinger B4 Chassis Cab is a 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 [3]. Manufacturing and Distribution - The company operates a U.S.-based manufacturing facility located in Tunica, Mississippi, and has established a commercial dealer network with seven dealers across key markets [4]. - Bollinger Motors, a subsidiary of Bollinger Innovations, has launched the B4 electric truck production and developed a dealer network with over 50 locations in the U.S. [5].

Company Overview - Bollinger Innovations, Inc. has officially changed its name from Mullen Automotive Inc. effective July 28, 2025, with the new Nasdaq ticker symbol "BINI" [1][2] - The company is based in Southern California and focuses on manufacturing the next generation of commercial electric vehicles (EVs) with production facilities located in Tunica, Mississippi [3] - As of January 2024, Bollinger Innovations offers two certified models: the Class 1 EV cargo van (ONE) and the Class 3 EV cab chassis truck (THREE), both certified by the California Air Resource Board (CARB) and EPA [3] Business Operations - The name and stock symbol change does not affect the company's legal structure or business operations, and stockholders are not required to take any actions [2] - The company has established a commercial dealer network consisting of seven dealers, providing sales and service coverage across key markets in the U.S. [3] - Bollinger Motors, a majority-owned subsidiary, has launched the production of its Class 4 electric truck (B4) on September 16, 2024, and has developed a dealer network with over 50 locations for sales and service support [4]

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].