---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-124177"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2022-12-02T23:59:59+00:00"
generated_at: "2026-06-21T10:12:23.978627+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Mullen closes $105M acquisition of ELMS assets; Class 1 EV vans expected Q1 2023

## Summary
- All-cash purchase of ELMS assets for $105M includes Mishawaka plant, inventory, IP.
- Class 1 commercial van production to begin in Tunica, MS; deliveries expected Q1 2023, Class 3 following in Q2.
- Mishawaka plant, formerly GM/Mercedes-Benz, to produce Mullen FIVE SUV and Bollinger platforms.
- CEO Michery cites acquisition as key to becoming a dominant EV competitor with IP and manufacturing assets.

## SEC filing metadata
- accession: 0001104659-22-124177
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2022-12-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000110465922124177/0001104659-22-124177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000110465922124177/tm2231847d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-124177
- JSON: https://secwatch.observer/filing/0001104659-22-124177.json
- Plain text: https://secwatch.observer/filing/0001104659-22-124177.txt

## Key facts
- M&A Transactions
  BOLLINGER INNOVATIONS, INC. completed an acquisition involving Electric Last Mile Solutions, Inc. and Electric Last Mile, Inc. for $105 million (closed 2022-11-30).
  - Action: acquisition
  - Counterparty: Electric Last Mile Solutions, Inc. and Electric Last Mile, Inc.
  - Consideration: $105 million
  - Closing: 2022-11-30
  source text: On November 30, 2022, Mullen Automotive Inc. (the “Company”) completed its acquisition of certain assets of the Bankruptcy Estates of Electric Last Mile Solutions, Inc. and Electric Last Mile, Inc. in an all-cash purchase valued at $105 million, which includes the payment of monetary liabilities related to assumed contracts.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465922124177/0001104659-22-124177-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.