Mullen Automotive stock down 90% since March; cash $135M, book value $2.08

BOLLINGER INNOVATIONS, INC.

Stock down 90% from $3.25 on Mar 31 to $0.32 on Jun 13, 2023.
Cash position $135M ($0.38/share); book value $2.08 per share as of Mar 31, 2023.
Expects Class 3 commercial vehicle production launch in quarter ending Sep 30, 2023.
Received $279M in purchase orders from Randy Marion Automotive Group for Class 1 and Class 3 EVs.
Completed acquisitions: 60% of Bollinger Motors for $148M and ELMS assets for $105M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

BOLLINGER INNOVATIONS, INC. reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

As per the Company’s last reported financial position on March 31, 2023, we had $86.7 million of cash available to operations and $0.68 of cash value per share. Our book value per share was $2.08 on March 31, 2023.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001558370-23-011161

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