Mullen Automotive receives $200M purchase order for 6,000 Class 1 EV cargo vans

BOLLINGER INNOVATIONS, INC.

Firm order agreement with Randy Marion Isuzu for 6,000 units valued at approximately $200M.
Deliveries expected to commence in Q1 2023; first tranche of 1,000 vehicles ordered immediately.
Agreement requires at least 6,000 units from initial production of 6,800; additional purchase orders due by Aug 2023.
Randy Marion Automotive Group is one of the largest commercial vehicle dealer groups in the U.S.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BOLLINGER INNOVATIONS, INC. entered into Firm Order Agreement with Randy Marion Isuzu, LLC (effective 2022-12-12).

Action: entry
Agreement: supply
Counterparty: Randy Marion Isuzu, LLC
Effective: 2022-12-12

Exact text from the filing

On December 12, 2022, Mullen Automotive Inc. (the “Company”) entered into a Firm Order Agreement (the “Agreement”) with Randy Marion Isuzu, LLC (“RMI”) pursuant to which RMI agreed during the period ending on December 31, 2023 (unless terminated earlier pursuant to the terms of the Agreement) to purchase a total of not less than 6,000 units of the initial production 6,800 units of the vehicles manufactured and produced by the Company.

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23 material agreements filed in the last 30 days. Browse all material agreements →

BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-22-127222

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