Mullen Automotive announces 1-for-60 reverse stock split effective Feb. 18, 2025 to meet Nasdaq bid price rule

BOLLINGER INNOVATIONS, INC.

Reverse stock split at 1-for-60 ratio, effective Feb. 18, 2025; shares begin trading on split-adjusted basis that day.
Split aims to bring common stock above Nasdaq's $1.00 minimum bid price requirement; no guarantee of compliance.
Stockholders approved reverse split (1-for-2 to 1-for-100 range) at Jan. 31, 2025 special meeting; board selected 1-for-60.
No fractional shares issued; fractional shares rounded up to whole share. Warrants, notes, and preferred stock adjusted proportionally.
CUSIP changes to 62526P604; ticker remains MULN; authorized shares and par value unchanged.

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