BOLLINGER INNOVATIONS, INC. (BINI): Nasdaq/NYSE listing notice — Mullen Automotive fails to regain Nasdaq bid price compliance; requests hearing to avoid delisting

BOLLINGER INNOVATIONS, INC.

Received Nasdaq Staff letter on September 6, 2023 indicating failure to meet $1.00 minimum bid price compliance deadline of September 5, 2023.
Company requested hearing before Nasdaq Listing Qualifications Panel to present plan to regain compliance and request extension.
Hearing request stays any delisting or suspension action pending Panel's final decision.
Panel may grant up to an additional 180 calendar days or impose stricter listing criteria; no guarantee of extension.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

BOLLINGER INNOVATIONS, INC. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

Department of The Nasdaq Stock Market (the “Staff”) notified Mullen Automotive Inc. (the “Company”) that the bid price of the Company’s common stock had closed at less than $1.00 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Bid Price Rule”). Therefore, in accordance with

View on SEC.gov

Browse all listing & compliance notices →

BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-098802

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.