---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001077"
form_type: "8-K/A"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:21:22.041733+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mullen Q1 net loss $61.4M, delivers 231 vehicles; cash burn $66.8M

## Summary
- Net loss attributable to common stockholders after preferred dividends was $61.4M ($15.32/share) vs $376.9M a year ago.
- Delivered 231 vehicles in Q1 (valued $11.9M), but revenue recognition deferred until payments and return provisions expire.
- Cash used in operating and investing activities totaled $66.8M; cash fell to $88.9M from $155.7M at Sept. 30, 2023.
- Expects to close $32M loan in Feb. 2024; regained Nasdaq minimum bid price compliance in Jan. 2024.
- Cash flow statement corrected for deferred taxes of $493,654 (2022 period); no change to reported Q1 2024 results.

## SEC filing metadata
- accession: 0001558370-24-001077
- form_type: 8-K/A
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000155837024001077/0001558370-24-001077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000155837024001077/muln-20240213x8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001077
- JSON: https://secwatch.observer/filing/0001558370-24-001077.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001077.txt

## Key facts
- Earnings Releases
  BOLLINGER INNOVATIONS, INC. reported financial results for the three months ended Dec. 31, 2023.
  - Period: the three months ended Dec. 31, 2023
  - Result: reported results
  source text: On February 13, 2024, Mullen Automotive Inc. (the “Company”) issued a press release announcing financial results for the quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000155837024001077/0001558370-24-001077-index.htm

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