---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-098802"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T22:44:24.800907+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Mullen Automotive fails to regain Nasdaq bid price compliance; requests hearing to avoid delisting

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-098802
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000110465923098802/0001104659-23-098802-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000110465923098802/tm2325664d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-098802
- JSON: https://secwatch.observer/filing/0001104659-23-098802.json
- Plain text: https://secwatch.observer/filing/0001104659-23-098802.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465923098802/0001104659-23-098802-index.htm

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