Mullen Automotive announces 1-for-100 reverse stock split effective April 11, 2025

BOLLINGER INNOVATIONS, INC.

Reverse stock split at 1-for-100 ratio effective April 11, 2025 at 12:01 a.m. ET.
Outstanding shares reduced from ~238.7M to ~2.4M (press release says ~220M to ~2.2M).
Split intended to meet Nasdaq's $1.00 minimum bid price requirement; no guarantee of compliance.
No fractional shares; all fractional shares rounded up to nearest whole share.
Common stock continues trading under symbol MULN; new CUSIP number 62526P703.

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Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BOLLINGER INNOVATIONS, INC.: Effective April 11, 2025, the company filed a Certificate of Amendment to effect a 1-for-100 reverse stock split of common stock (effective 2025-04-11).

Change: charter amendment
Effective: 2025-04-11

Exact text from the filing

On April 10, 2025, Mullen Automotive Inc. (the “ Company ”) filed a Certificate of Amendment (the “ Amendment ”) to its Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a one-for-one hundred (1-for-100) reverse stock split (the “ Reverse Stock Split ”) of its common stock, par value $0.001 per share (the “ Common Stock ”).

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BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001829126-25-002594

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