---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-25-000367"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2025-01-24T23:59:59+00:00"
generated_at: "2026-05-27T10:49:38.530144+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Mullen posts FY2024 net loss of $471M; going concern warning as cash drops to $10.7M

## Summary
- Net loss attributable to common shareholders $471.0M ($1,425.61 EPS) vs $964.9M in FY2023.
- Revenue $1.1M on 443 vehicles invoiced ($21M); Bollinger delivered 31 B4 trucks for $4.2M total.
- Cash and equivalents $10.7M at Sept 30, 2024 vs $155.7M a year earlier; liquidity insufficient for next 12 months.
- Operating and investing cash spend reduced to $201.7M from $287.1M; additional $13M annual cost cuts effective Feb 2025.
- Working capital deficit $120M; shareholders' equity negative $16.6M vs positive $272.8M prior year.

## SEC filing metadata
- accession: 0001829126-25-000367
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2025-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000182912625000367/0001829126-25-000367-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000182912625000367/mullenautomotive_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-000367
- JSON: https://secwatch.observer/filing/0001829126-25-000367.json
- Plain text: https://secwatch.observer/filing/0001829126-25-000367.txt

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