• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Mullen Reaches Definitive Agreement to Acquire Additional 21% of Bollinger Motors, Bringing Its Total Ownership to 95% and Eliminates Significant Debt

    6/2/25 11:03:00 AM ET
    $MULN
    Get the next $MULN alert in real time by email

    Transaction increases shareholder equity by approximately $3.5M

     As part of agreement, Mullen extinguishes significant debt, gains additional 21% ownership and regains full control of Bollinger Motors

    Bollinger to continue operating as a majority owned Mullen subsidiary; Mullen will continue to provide full financial backing on sales, service, and warranty of vehicles

    Bollinger to ramp up sales activity immediately while consolidating and streamlining operations

    BREA, Calif., June 02, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today that the Company has successfully acquired an additional 21% of Bollinger Motors, Inc. ("Bollinger") bringing its total ownership to 95%. This strategic transaction increases shareholder equity by approximately $3.5 million and reinforces Mullen's long-term vision for Bollinger and its dedication to current and future customers.

    Mullen resolved recent claims and debt that had led to a court-ordered receivership for Bollinger. The court in that action has entered an order discharging and removing the receiver, as well as dismissing the case with prejudice, ensuring Bollinger's continued operations under Mullen's complete ownership and strategic direction. Bollinger will continue to operate as an independent majority subsidiary, maintaining its own brand identity and focus. All existing and future Bollinger customers can expect business as usual, with full backing and comprehensive coverage on sales, service, and warranty for their Bollinger vehicles.

    "This is an important moment for both Mullen Automotive and Bollinger Motors," said David Michery, CEO and chairman of Mullen Automotive and Bollinger Motors. "Our investment in acquiring the vast majority of remaining shares and resolving certain significant outstanding debt demonstrates our belief in and continued commitment to Bollinger's vehicle lineup and future."

    The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger's unique Quad-Bend chassis design protects the 158-kWh battery pack and components to offer unparalleled capability, maneuverability, and safety in the commercial market. The vehicle has a 185-mile range, 46-foot turning radius and a payload of 7,325 pounds, making it ideal for a variety of urban operations.

    Bollinger will continue to focus on the development and production of the B4 platform, leveraging Mullen's resources and expertise to accelerate its progress. The integration of Bollinger's capabilities into Mullen's broader EV ecosystem is expected to create significant synergies, driving innovation and market expansion.

    About Bollinger Motors

    Founded in 2015, Bollinger Motors, Inc. is a U.S.-based company headquartered in Oak Park, Michigan. Bollinger is producing and selling its all-electric commercial Class 4 chassis cab truck. In September of 2022, Bollinger became a majority-owned company of Mullen Automotive, Inc. (NASDAQ:MULN).

    Learn more at www.BollingerMotors.com.

    About Mullen

    Mullen Automotive Inc. (NASDAQ:MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles ("EVs") with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board ("CARB") and EPA certified and available for sale in the U.S. The Company's commercial dealer network consists of seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets.

    In September 2022, Bollinger Motors, Inc. became a majority-owned EV truck company of Mullen. Bollinger has passed numerous milestones, including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer and service network with over 50 locations across the United States.  

    To learn more about the Company, visit www.MullenUSA.com.

    Forward-Looking Statements

    Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to 

    the outcome of sales initiatives, whether the Bollinger B4 will prove successful; how long state and federal electric vehicle incentive programs will continue to apply; the ability of Bollinger Motors' B4 Class trucks to qualify for such incentive programs; and the impact of incentive programs on the resultant price of the Bollinger B4 Class trucks. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen's ability to successfully expand in existing markets and enter new markets; (iv) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) Mullen's ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen's plans and expectations as of any subsequent date.

    Contact:

    Mullen Automotive, Inc.

    +1 (714) 613-1900

    www.MullenUSA.com

    Corporate Communications:

    IBN

    Austin, TX

    www.InvestorBrandNetwork.com

    512.354.7000 Office

    [email protected]





    Primary Logo

    Get the next $MULN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $MULN

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $MULN
    SEC Filings

    See more
    • SEC Form S-8 filed by Mullen Automotive Inc.

      S-8 - MULLEN AUTOMOTIVE INC. (0001499961) (Filer)

      6/3/25 5:31:35 PM ET
      $MULN
    • Mullen Automotive Inc. filed SEC Form 8-K: Material Modification to Rights of Security Holders, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

      8-K - MULLEN AUTOMOTIVE INC. (0001499961) (Filer)

      6/2/25 5:17:44 PM ET
      $MULN
    • Mullen Automotive Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - MULLEN AUTOMOTIVE INC. (0001499961) (Filer)

      6/2/25 12:01:01 PM ET
      $MULN

    $MULN
    Leadership Updates

    Live Leadership Updates

    See more
    • Birth of a Manufacturer: Bollinger Motors Celebrates First Customer-Ready Production Electric Trucks

      Employees, Suppliers, Government Leaders Share Historic Bollinger B4 Vehicle Launch LIVONIA, Mich., Sept. 23, 2024 /PRNewswire/ -- It's not every day a start-up vehicle manufacturer gets to celebrate its ascension to full-fledged Original Equipment Manufacturer (OEM). For Bollinger Motors, that day came on Friday, Sept. 20, as employees, suppliers and government leaders gathered to recognize the company's first customer-ready vehicles, the all-electric Class 4 Bollinger B4 Chassis Cab, to go to market. Bollinger Motors has been on a nearly decade-long journey from idea to fini

      9/23/24 9:30:00 AM ET
      $MULN
    • Mullen Subsidiary, Bollinger Motors, Achieves Major Milestone Today with Production of First Customer-Ready B4 Electric Truck

      Employees, suppliers, government leaders share historic Bollinger B4 vehicle launch  Bollinger B4 electric truck entirely assembled in the USA and in partnership with Roush Industries  BREA, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today that its subsidiary, Bollinger Motors ("Bollinger"), reached a milestone on Sept. 20, 2024, with production of the first customer-ready B4 electric truck in Livonia, Michigan. A video from Bollinger's production milestone and activities from Friday's open house can be found on Bollinger's YouTube channel. It's not every day

      9/23/24 9:15:00 AM ET
      $MULN
    • BOLLINGER MOTORS MOVES WESTWARD, ADDS 20 TEC EQUIPMENT DEALERSHIPS TO EXPANDING RETAIL AND SERVICE NETWORK

      OAK PARK, Mich., Aug. 29, 2024 /PRNewswire/ -- Bollinger Motors, Inc., an electric commercial vehicle ("EV") manufacturer, has named TEC Equipment, Inc. as an official Bollinger Motors dealer. The addition of sales and service provided by select TEC Equipment locations expands Bollinger Motors commercial sales and service network westward, with the following participating TEC Equipment locations: Sales & service Locations: California: San Diego, Fontana, OaklandOregon: PortlandWashington: SeattleAdditional service locations: Arizona: PhoenixCalifornia: La Mirada, Dixon, Lathro

      8/29/24 9:30:00 AM ET
      $MULN

    $MULN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • BOLLINGER MOTORS EMERGES FROM RECEIVERSHIP AS PARENT COMPANY MULLEN AUTOMOTIVE SETTLES CLAIM

      Mullen Automotive Acquires Additional Bollinger Motors Shares, Ownership Stake at 95%; Companies Continue Full Commitment to EV Customers, Vehicle Service OAK PARK, Mich., June 5, 2025 /PRNewswire/ -- Bollinger Motors today announced it has emerged from receivership as its parent company Mullen Automotive Inc. (NASDAQ: MULN), an electric vehicle manufacturer, settled claims in a lawsuit filed by Bollinger Motors' founder, Robert Bollinger. In connection with the settlement, Mullen Automotive increased its ownership stake in the company to 95%. The companies announced that Davi

      6/5/25 9:00:00 AM ET
      $MULN
    • Mullen Added to ComEd State Rebate Program, Offering Business Customers Significant EV Incentives in Illinois

      The ComEd Business & Public Sector EV Rebate Program joins the growing list of state-level incentives already available for Mullen Commercial EVs, including California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project and Massachusetts Offers Rebates for Electric Vehicles program The Mullen ONE Class 1 EV cargo van qualifies for an incentive of up to $7,500 through the ComEd program. When combined with the Federal Tax Credit, customers could potentially save up to $15,000 on each vehicle. BREA, Calif., June 05, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today t

      6/5/25 8:45:00 AM ET
      $MULN
    • Mullen Announces FIVE RS Launch and Vehicle Sales in Germany in December 2025

      The Mullen ultra-high-performance FIVE RS EV Crossover features a top speed of over 200 mph and acceleration from 0-60 mph in under 2 seconds The FIVE RS is equipped with 800-volt architecture, all-wheel drive, two-speed gearbox, and over 1,100 horsepower Initial vehicle market territories include the EU in 2025, followed by the UAE and South Africa in early 2026 Mullen is partnering with Faissner Petermeier Fahrzeugtechnik AG ("FPF"), which has decades of experience in the development and production of serial components and sophisticated vehicles for global brands such as BMW, Piech Automotive, Gumpert Automotive FPF is certified according to the IATF standard and fulfills all the speci

      6/3/25 9:15:00 AM ET
      $MULN

    $MULN
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Hrt Financial Lp bought $43,736 worth of Class A Shares (546,706 units at $0.08) and sold $160,995 worth of Class A Shares (2,012,436 units at $0.08), increasing direct ownership by 1,035% to 1,347,044 units (SEC Form 4)

      4 - MULLEN AUTOMOTIVE INC. (0001499961) (Issuer)

      4/8/25 10:41:17 AM ET
      $MULN

    $MULN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Hrt Financial Lp bought $43,736 worth of Class A Shares (546,706 units at $0.08) and sold $160,995 worth of Class A Shares (2,012,436 units at $0.08), increasing direct ownership by 1,035% to 1,347,044 units (SEC Form 4)

      4 - MULLEN AUTOMOTIVE INC. (0001499961) (Issuer)

      4/8/25 10:41:17 AM ET
      $MULN
    • New insider Hrt Financial Lp claimed ownership of 665,392 units of Class A Shares (SEC Form 3)

      3 - MULLEN AUTOMOTIVE INC. (0001499961) (Issuer)

      4/8/25 10:18:54 AM ET
      $MULN
    • Director Winter Mary sold $124,620 worth of shares (62,000 units at $2.01) and was granted 62,000 shares (SEC Form 4)

      4 - MULLEN AUTOMOTIVE INC. (0001499961) (Issuer)

      3/6/25 5:15:23 PM ET
      $MULN

    $MULN
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Mullen Automotive Inc.

      SC 13G - MULLEN AUTOMOTIVE INC. (0001499961) (Subject)

      8/19/24 4:30:05 PM ET
      $MULN
    • SEC Form SC 13G filed by Mullen Automotive Inc.

      SC 13G - MULLEN AUTOMOTIVE INC. (0001499961) (Subject)

      6/12/24 5:00:06 PM ET
      $MULN
    • SEC Form SC 13G/A filed by Mullen Automotive Inc. (Amendment)

      SC 13G/A - MULLEN AUTOMOTIVE INC. (0001499961) (Subject)

      2/20/24 7:03:40 PM ET
      $MULN

    $MULN
    Financials

    Live finance-specific insights

    See more
    • BOLLINGER MOTORS EMERGES FROM RECEIVERSHIP AS PARENT COMPANY MULLEN AUTOMOTIVE SETTLES CLAIM

      Mullen Automotive Acquires Additional Bollinger Motors Shares, Ownership Stake at 95%; Companies Continue Full Commitment to EV Customers, Vehicle Service OAK PARK, Mich., June 5, 2025 /PRNewswire/ -- Bollinger Motors today announced it has emerged from receivership as its parent company Mullen Automotive Inc. (NASDAQ: MULN), an electric vehicle manufacturer, settled claims in a lawsuit filed by Bollinger Motors' founder, Robert Bollinger. In connection with the settlement, Mullen Automotive increased its ownership stake in the company to 95%. The companies announced that Davi

      6/5/25 9:00:00 AM ET
      $MULN
    • Mullen Announces Quarterly Results for 3 Months Ended March 31, 2025

      Company fiscal Q2 outperforms all previous quarterly revenue results Mullen achieves strong results with $5M revenue for quarter ending March 31, 2025 Company revenue is $7.9M for six months ended March 31, 2025 Company net loss decreased substantially from $132.4M in fiscal Q2 2024 to approximately $47.1M in comparable quarter ending March 31, 2025 Company cash spend reduced significantly from $120.9M to $52.4M for the six months ended March 31, 2025 BREA, Calif., May 20, 2025 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric

      5/20/25 9:00:00 AM ET
      $MULN
    • Mullen Reports Financial Results for the Three Months Ended Dec. 31, 2024

      Company achieves strongest quarter results to date with $4.4M invoiced and $6M received on vehicles delivered Company has produced more revenue in this quarter than previous two fiscal years On Feb. 1, 2025, Mullen implemented further cost cutting measures with headcount and personnel cost reductions of approximately $13M in annual cash spend BREA, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, today announces financial results for the three months ended Dec. 31, 2024, and a current business update.  Commenting on the results for the three months that ended Dec. 31,

      2/19/25 9:00:20 AM ET
      $MULN