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.

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