Bollinger Innovations Faces Delisting Concerns
Ticker: BINI · Form: 8-K · Filed: Aug 29, 2025 · CIK: 1499961
Sentiment: bearish
Topics: delisting, listing-standards, corporate-actions
Related Tickers: MULN
TL;DR
Bollinger Innovations might be delisted - big trouble ahead.
AI Summary
Bollinger Innovations, Inc. (formerly Mullen Automotive Inc.) filed an 8-K on August 29, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, and also reporting other events. The company's fiscal year ends on September 30.
Why It Matters
This filing indicates potential issues with Bollinger Innovations' continued listing on a stock exchange, which could significantly impact its stock price and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards is a severe indicator of financial distress or non-compliance, posing a significant risk to investors.
Key Players & Entities
- Bollinger Innovations, Inc. (company) — Registrant
- Mullen Automotive Inc. (company) — Former company name
- Net Element, Inc. (company) — Former company name
- Net Element International, Inc. (company) — Former company name
- August 26, 2025 (date) — Date of earliest event reported
- August 29, 2025 (date) — Filing date
FAQ
What specific listing rule or standard has Bollinger Innovations, Inc. failed to satisfy?
The filing does not specify the exact listing rule or standard that Bollinger Innovations, Inc. has failed to satisfy, only that a notice has been issued.
What are the implications of a 'Notice of Delisting' for Bollinger Innovations, Inc. shareholders?
A notice of delisting typically means the company's stock may be removed from its current exchange, which can lead to reduced liquidity, difficulty in trading, and a significant drop in stock value.
Has Bollinger Innovations, Inc. provided any details regarding the 'Other Events' mentioned in the filing?
The filing indicates 'Other Events' as an item information, but the specific details of these events are not elaborated upon in the provided text.
When was the company formerly known as Mullen Automotive Inc.?
The company was formerly known as Mullen Automotive Inc. prior to a name change on November 8, 2021.
What is the business address and phone number for Bollinger Innovations, Inc.?
The business address is 1405 Pioneer Street, Brea, CA 92821, and the business phone number is 7146131900.
Filing Stats: 743 words · 3 min read · ~2 pages · Grade level 12.9 · Accepted 2025-08-29 17:19:05
Key Financial Figures
- $0.001 B — ch registered Common Stock, par value $0.001 BINI The Nasdaq Stock Market, LLC (Nasd
- $35.0 million — Securities (" MVLS ") was less than the $35.0 million minimum required for continued listing
- $2.5 m — Company's stockholders' equity exceeded $2.5 million, which is an alternative standard
Filing Documents
- bollingerinnovations_8k.htm (8-K) — 33KB
- 0001829126-25-006949.txt ( ) — 236KB
- muln-20250826.xsd (EX-101.SCH) — 4KB
- muln-20250826_def.xml (EX-101.DEF) — 26KB
- muln-20250826_lab.xml (EX-101.LAB) — 36KB
- muln-20250826_pre.xml (EX-101.PRE) — 25KB
- bollingerinnovations_8k_htm.xml (XML) — 5KB
01
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. As previously disclosed, on February 25, 2025, Bollinger Innovations, Inc. (the " Company ") received a written notice from the Listing Qualifications Staff (the " Staff ") of The Nasdaq Stock Market LLC (" Nasdaq ") notifying the Company that for the 30 consecutive business days prior to the date of the written 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 "). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company was provided 180 calendar days, or until August 25, 2025 (the " Compliance Period "), to regain compliance with the MVLS Listing Rule. On August 26, 2025, the Company received a written notice (the " Notice ") from the Staff stating that the Company has not regained compliance with the MVLS Listing Rule within the Compliance Period. Accordingly, and as described in the Notice, unless the Company timely requests a hearing before a Hearings Panel (the " Panel "), the Company's securities would be subject to suspension/delisting. Accordingly, the Company intends to timely request a hearing before the Panel. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of any additional extension period granted by the Panel following the hearing. As reported in the Company's 10-Q/A for the period ended June 30, 2025, as filed with the Securities and Exchange Commission on August 15, 2025, the Company believes that as of August 14, 2025, the Company's stockholders' equity exceeded $2.5 million, which is an alternative standard to the MVLS Listing Rule under Nasdaq Listing Rule 5550(b). Although there can be no assurance that the Panel will grant the Company's request for continued listing o
01
Item 8.01 Other Events. As of August 29, 2025, a total of 30,663,625 shares of the Company's common stock were issued and outstanding. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. BOLLINGER INNOVATIONS, INC. Date: August 29, 2025 By: /s/ David Michery David Michery Chief Executive Officer 2