Mullen reports $191.4M total assets; cash exceeds market cap; secures $250M financing

BOLLINGER INNOVATIONS, INC.

Total assets expected ~$191.4M as of June 30, 2024; cash on hand exceeds current market cap.
Secured $250M in financing: $50M received, $50M one-year right, $150M equity line of credit.
Distribution network expanded to 6 dealers; Bollinger Motors has orders for over 200 B4 EV trucks.
Solid-state polymer pack certification and production expected in H2 2025.
All federal/state regulatory requirements achieved for Class 1 and 3 EVs; manufacturing active.

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