BOLLINGER INNOVATIONS, INC. (BINI): Nasdaq/NYSE listing notice — Nasdaq warns Mullen Automotive of delisting due to MVLS below $35M threshold

BOLLINGER INNOVATIONS, INC.

Received Nasdaq notice on 2/25/2025 that MVLS < $35M for 30 consecutive business days.
Also fails alternative continued listing standards: stockholders' equity < $2.5M or net income < $500K.
Has until August 25, 2025 to regain compliance by achieving MVLS >= $35M for 10 consecutive days.
Failure to regain compliance may result in delisting from Nasdaq Capital Market.
No immediate impact on trading, but risk of future delisting if non-compliance persists.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

BOLLINGER INNOVATIONS, INC. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2), 5810(c)(3)(C)

Exact text from the filing

February 25, 2025, Mullen Automotive Inc. (the “ Company ”) received a written notice (the “ Notice ”) from the Listing Qualifications Staff (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that for the last 30 consecutive business days prior to the date of the Notice, the Company’s Market Value of Listed Securities (“ MVLS ”) was less than the $35.0 million minimum required for continued listing on The Nasdaq Capital Market, as required by Nasdaq Listing Rule 5550(b)(2) (the “ MVLS Listing Rule ”). Additionally, as of the date of the Notice, the Company did no

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BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001829126-25-001345

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