Mullen Automotive INC

Market Movers (8-K)

Bollinger Innovations, Inc. (BINI) announced a cost-reduction plan including workforce reductions and office consolidation to streamline operations and preserve liquidity.
Worse than expected
Bollinger Innovations, Inc. announced its delisting from The Nasdaq Capital Market due to non-compliance with listing rules, with trading commencing on the OTCID market on October 13, 2025.
Worse than expected
Capital raise
Bollinger Innovations secured approximately $4.1 million through convertible notes and warrants, while simultaneously implementing a 1-for-250 reverse stock split to meet Nasdaq's minimum bid price requirement.
Capital raise
Worse than expected
Bollinger Innovations, Inc. stockholders approved an amendment to effect a reverse stock split at a recent Special Meeting.
Bollinger Innovations announced significant cost-cutting measures, including staff reductions and facility closures, to reduce quarterly G&A and R&D expenses by 61%.
Worse than expected
Capital raise
Bollinger Innovations, Inc. received a notice from Nasdaq for failing to regain compliance with the minimum Market Value of Listed Securities rule, prompting a request for a hearing.
Worse than expected

Quarterly Earnings (10-Q)

Bollinger Innovations, formerly Mullen Automotive, reported substantial losses and going concern doubt, while settling major lawsuits and restructuring significant debt through preferred stock conversions.
Worse than expected
Capital raise
Delay expected
Bollinger Innovations, Inc. (formerly Mullen Automotive Inc.) reported substantial losses and a going concern doubt, despite a significant revenue increase, as it navigates production shutdowns and complex debt restructuring.
Delay expected
Worse than expected
Capital raise
Mullen Automotive's Q2 2025 results reveal ongoing losses, efforts to manage liquidity, and significant legal and operational challenges, including the loss of control over Bollinger Motors.
Delay expected
Worse than expected
Capital raise
Mullen Automotive's Q1 2025 shows increased revenue driven by Bollinger B4 sales, but liquidity issues and production shutdowns raise going concern doubts.
Capital raise
Worse than expected
Mullen Automotive's Q1 2025 shows increased revenue from vehicle sales but also a significant net loss and substantial doubt about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
Mullen Automotive's Q3 2024 report reveals ongoing financial challenges, including a significant net loss and concerns about the company's ability to continue as a going concern, despite some revenue from vehicle sales.
Worse than expected
Capital raise

Annual Reports (10-K)

Mullen Automotive's FY24 results reveal a strategic pivot towards the commercial EV market while navigating significant financial losses and going concern doubts.
Capital raise
Worse than expected
Mullen Automotive's 2023 annual report details a year of strategic acquisitions, manufacturing advancements, and significant financial losses as the company navigates the competitive EV market.
Capital raise
Worse than expected

Insider Trading (Form 4)

Winvest Investment Fund Management Corp., a 10% owner and director of Bollinger Innovations, Inc., reported both purchases and sales of BINI common stock, incurring a short-swing profit liability.
Worse than expected
Mullen Automotive Inc. Director Kent Puckett sold 21,000 shares of common stock for approximately $5.92 per share, shortly after acquiring them through an equity incentive plan.
Worse than expected
HRT Financial LP, a 10% owner of Mullen Automotive Inc., reports the sale of 2,012,436 Class A shares at $0.08 per share on April 4, 2025, following an acquisition of 546,706 shares at the same price on April 3, 2025.
Director Mary Winter reports acquisition and disposal of Mullen Automotive (MULN) common stock.
CEO David Michery reports the disposition of 20,000 shares of Mullen Automotive stock on March 4, 2025, following a 1:60 reverse stock split.
Worse than expected
Director Mary Winter reports selling 2,716 shares of Mullen Automotive (MULN) at $3.73 per share on February 27, 2025.

Proxy Statements (Def-14A)

Bollinger Innovations, Inc. is seeking stockholder approval for a reverse stock split to address ongoing non-compliance with Nasdaq's minimum bid price requirement and avoid delisting.
Capital raise
Worse than expected
Mullen Automotive Inc. is calling a special meeting to approve multiple highly dilutive financing agreements, a significant reverse stock split, and an expanded equity incentive plan, all aimed at maintaining its Nasdaq listing and securing additional capital.
Worse than expected
Capital raise
Mullen Automotive is asking stockholders to approve a reverse stock split, increased share issuance for convertible notes and warrants, and an amendment to the equity incentive plan at a special meeting on May 21, 2025.
Capital raise
Worse than expected
Mullen Automotive is holding its annual stockholder meeting on March 13, 2025, to vote on proposals including director elections, stock issuance approvals, a reverse stock split, and amendments to equity incentive plans.
Worse than expected
Capital raise
Mullen Automotive is seeking stockholder approval for a reverse stock split, ranging from 1-for-2 to 1-for-100, to maintain compliance with Nasdaq's minimum bid price rule.
Mullen Automotive has rescheduled its Special Meeting of Stockholders to September 9, 2024, at 9:00 a.m. Eastern Standard Time, held virtually.
Delay expected

New Public Companies (S-1)

Bollinger Innovations, Inc. filed an S-1/A registration statement for the resale of up to 50 million common shares by existing investors, primarily from convertible notes, warrants, and preferred stock, without receiving direct proceeds.
Capital raise
Worse than expected
Bollinger Innovations, Inc. filed an S-1/A registration statement for the resale of up to 6 million shares by existing stockholders, highlighting significant dilution risks and ongoing Nasdaq listing challenges.
Capital raise
Worse than expected
Mullen Automotive Inc. has filed an amended registration statement to allow selling stockholders to resell up to 40 million shares, signaling substantial potential dilution for existing shareholders and ongoing struggles with Nasdaq listing compliance.
Capital raise
Mullen Automotive Inc. has filed an S-1/A registration statement to allow selling stockholders to resell up to 4 million shares, highlighting substantial dilution risks and an auditor's going concern warning.
Worse than expected
Capital raise
Mullen Automotive seeks to register the resale of up to 200 million common shares by selling stockholders, primarily derived from convertible notes and warrants.
Capital raise
Worse than expected
Mullen Automotive is registering for resale up to 10 million shares of its common stock by selling stockholders, derived from convertible notes and warrants.
Capital raise

Schedule 13D - Activist Investments

Activist investor Winvest, led by Jourdan Matthews, acquired and then sold a 15.8% stake in Bollinger Innovations, Inc., while proposing a tender offer for board control and strategic changes.
Capital raise

Schedule 13G - Passive Investments

Esousa Group Holdings LLC and Michael Wachs have increased their beneficial ownership in Bollinger Innovations, Inc. to 9.9% of common stock, totaling 41,320,559 shares.
Esousa Group Holdings LLC and Michael Wachs have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 9.9% in Mullen Automotive Inc., representing 210,992,582 shares derived from convertible notes and warrants.
Esousa Holdings LLC, Michael Wachs, and Esousa Group Holdings LLC have disclosed a combined 9.9% beneficial ownership stake in Mullen Automotive Inc. as of December 31, 2024.
Capital raise
Hyperscale Data, Inc. has filed an amended Schedule 13G, indicating it no longer holds any beneficial ownership in Mullen Automotive Inc. as of December 31, 2024.