regulatory
confidence high
sentiment negative
materiality 0.80
BOLLINGER INNOVATIONS, INC. (BINI): Nasdaq/NYSE listing notice — Mullen receives second Nasdaq delisting notice for failing Annual Meeting Rule
BOLLINGER INNOVATIONS, INC.
- On Oct 3, 2023, Nasdaq Staff concluded Mullen's Aug 3, 2023 annual meeting did not comply with Listing Rule 5620(a) (Annual Meeting Rule).
- Staff ruled the meeting lacked an opportunity for stockholders to discuss affairs with management as required by IM-5620.
- Mullen will address the Annual Meeting Rule non-compliance at the previously scheduled hearing for the Bid Price Rule violation.
- The hearing stays delisting action pending the Panel's decision and any extension granted.