---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-001284"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T13:39:59.650042+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mullen Automotive reports Q1 FY2023 net loss of $376.9M, cash over $100M

## Summary
- Net loss of $376.9M for quarter ended Dec 31, 2022; net loss per share $0.28, compared to $8.93 loss per share in prior year (due to share increase).
- Cash and cash equivalents including restricted cash $107.4M at Dec 31, 2022; additional $90M committed capital expected by April 2023.
- Completed $105M all-cash purchase of ELMS assets in Nov 2022, including manufacturing facility in Mishawaka, Indiana.
- Received purchase order from Randy Marion Automotive Group for 6,000 Class 1 EV cargo vans valued at approximately $200M.
- Shareholders approved increase in authorized common shares from 1.75B to 5B and reverse stock split authority (not yet enacted).

## SEC filing metadata
- accession: 0001558370-23-001284
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000155837023001284/0001558370-23-001284-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000155837023001284/muln-20230214x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-001284
- JSON: https://secwatch.observer/filing/0001558370-23-001284.json
- Plain text: https://secwatch.observer/filing/0001558370-23-001284.txt

## Key facts
- Earnings Releases
  BOLLINGER INNOVATIONS, INC. reported financial results for the quarter ended December 31, 2022.
  - Period: the quarter ended December 31, 2022
  - Result: reported results
  source text: On February 14, 2023, Mullen Automotive Inc. (the "Company") issued a press release announcing financial results for the quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000155837023001284/0001558370-23-001284-index.htm
- Earnings Releases
  BOLLINGER INNOVATIONS, INC. reported preliminary financial results for fiscal first quarter in 2023 ending December 31, 2022.
  - Period: fiscal first quarter in 2023 ending December 31, 2022
  - Result: preliminary results
  source text: Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a financial update for its fiscal first quarter in 2023 ending December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000155837023001284/0001558370-23-001284-index.htm

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