secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001558370-23-014724
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000155837023014724/0001558370-23-014724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000155837023014724/muln-20230814x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-014724

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