---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-011161"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T22:34:33.610459+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-011161
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: other_material
- 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/1499961/000155837023011161/0001558370-23-011161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000155837023011161/muln-20230616x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-011161
- JSON: https://secwatch.observer/filing/0001558370-23-011161.json
- Plain text: https://secwatch.observer/filing/0001558370-23-011161.txt

## Key facts
- Earnings Releases
  BOLLINGER INNOVATIONS, INC. reported financial results for the quarter ended March 31, 2023.
  - Period: the quarter ended March 31, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000155837023011161/0001558370-23-011161-index.htm

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