Mullen completes transfer of Mishawaka facility to GEM in settlement

BOLLINGER INNOVATIONS, INC.

Transferred full ownership of Mishawaka, Indiana manufacturing facility to GEM Yield Bahamas and GEM Global Yield.
Transfer occurred on June 9, 2025, satisfying the May 9, 2025 Settlement Agreement with GEM.
Press release issued June 10, 2025 announcing the asset disposition.

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