---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-011295"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-06-21T23:59:59+00:00"
generated_at: "2026-06-13T19:56:29.189183+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mullen Automotive halts 2023 financing; $135M cash exceeds market cap

## Summary
- Financing moratorium for balance of 2023; remaining investor option expires June 30, 2023.
- Cash of $135M as of June 13 ($0.38/share); only $7.3M outstanding debt.
- Book value $2.08/share at March 31, 2023; stock declined 95% from $3.25 to $0.16.
- Bollinger Motors and ELMS acquisitions added $253M in unencumbered assets.
- Company states sufficient capital for at least the next 12 months.

## SEC filing metadata
- accession: 0001558370-23-011295
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-06-21T23:59:59+00:00
- event_type: other_material
- 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/1499961/000155837023011295/0001558370-23-011295-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000155837023011295/muln-20230621x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-011295
- JSON: https://secwatch.observer/filing/0001558370-23-011295.json
- Plain text: https://secwatch.observer/filing/0001558370-23-011295.txt

## Key facts
- Earnings Releases
  BOLLINGER INNOVATIONS, INC. reported preliminary financial results for March 31, 2023.
  - Period: March 31, 2023
  - Result: preliminary results
  source text: As of its most recently filed Form 10-Q on March 31, 2023, the Company’s book value was $2.08 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000155837023011295/0001558370-23-011295-index.htm

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