---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-014724"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T10:50:50.134995+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mullen Q3 net loss $308.9M; first revenue $308k; $25M buyback, 1-for-9 reverse split

## Summary
- Net loss attributable to common stockholders after preferred dividends of $308.9M ($11.14/sh) for Q3; $792.7M ($55.44/sh) for nine months.
- First revenue of $308k from Campus EV Cargo Van sales; cost of sales $248.7k; gross margin $59.3k.
- Cash and equivalents $214M as of June 30; secured $100M Series D funding; stockholders' equity $351.8M (+124% YoY).
- Board authorized $25M stock buyback through Dec 31, 2023; completed 1-for-9 reverse stock split on Aug 11 to meet Nasdaq minimum bid.
- Received $263M purchase orders for Class 1/Class 3 vehicles; production launch event Aug 24; terminated solid-state battery JV with EVT for breach.

## SEC filing metadata
- accession: 0001558370-23-014724
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1499961/000155837023014724/0001558370-23-014724-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000155837023014724/muln-20230814x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-014724
- JSON: https://secwatch.observer/filing/0001558370-23-014724.json
- Plain text: https://secwatch.observer/filing/0001558370-23-014724.txt

## Key facts
- Earnings Releases
  BOLLINGER INNOVATIONS, INC. reported financial results for fiscal third quarter for the three and nine months ended June 30, 2023.
  - Period: fiscal third quarter for the three and nine months ended June 30, 2023
  - Result: reported results
  source text: Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced financial results for its fiscal third quarter for the three and nine months ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000155837023014724/0001558370-23-014724-index.htm

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