secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001558370-23-011161
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000155837023011161/0001558370-23-011161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000155837023011161/muln-20230616x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-011161

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer