---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-016563"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:43:40.172584+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mullen reports net loss of $235.4M for H1 FY2024; cash burn $120.9M, impairments $105.5M

## Summary
- Net loss $235.4M for six months ended Mar 31, 2024; includes $105.5M impairment charges (goodwill, intangibles, ROU assets).
- Revenue recognized only $33K on 362 vehicles invoiced at $16.3M; cash received $0.7M.
- Cash & restricted cash $29.8M at Mar 31 vs $155.7M at Sept 30; stockholders' equity $117.4M.
- Additional $150M in capital commitments announced to support commercial EV operations.
- Operational progress: CARB HVIP approval for Mullen THREE, Bollinger 40-truck order ($6M), solid-state battery 86% range increase.

## SEC filing metadata
- accession: 0001437749-24-016563
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000143774924016563/0001437749-24-016563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000143774924016563/muln20240307_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-016563
- JSON: https://secwatch.observer/filing/0001437749-24-016563.json
- Plain text: https://secwatch.observer/filing/0001437749-24-016563.txt

## Key facts
- Earnings Releases
  BOLLINGER INNOVATIONS, INC. reported financial results for three and six months ended March 31, 2024.
  - Period: three and six months ended March 31, 2024
  - Result: reported results
  source text: On May 14, 2024, Mullen Automotive Inc. issued a press release announcing financial results for the three and six months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000143774924016563/0001437749-24-016563-index.htm

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