secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001437749-24-026085
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000143774924026085/0001437749-24-026085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000143774924026085/muln20240610_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-026085

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