secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0001104659-22-124177
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000110465922124177/0001104659-22-124177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000110465922124177/tm2231847d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-124177

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer