---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-026085"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:01:20.020888+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mullen reports net loss of $289.9M for 9 months; cash drops to $4M from $155.7M

## Summary
- Net loss attributable to common shareholders $289.9M ($37.92/share) for 9 months ended June 30, 2024, vs $792.7M ($5,544.35/share) prior year.
- Cash and equivalents fell to $4.0M from $155.7M; working capital turned negative $59.0M.
- Revenue deferred: 377 vehicles invoiced at $16.8M but revenue only $98,570 due to deferral until dealer sale.
- Non-cash impairment charges of $105.5M recorded in prior quarter; total assets $192M, stockholders' equity $53M.
- Subsequent to quarter-end, $39.5M in convertible notes sold for $37.5M cash; $250M total financing committed.

## SEC filing metadata
- accession: 0001437749-24-026085
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000143774924026085/0001437749-24-026085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000143774924026085/muln20240610_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-026085
- JSON: https://secwatch.observer/filing/0001437749-24-026085.json
- Plain text: https://secwatch.observer/filing/0001437749-24-026085.txt

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