MULN Overview

Investigation into Mullen Automotive: Bragar Eagel & Squire, P.C. is investigating potential claims against Mullen Automotive following a class action lawsuit alleging that the company made false statements and failed to disclose critical information regarding its operations and financial agreements during a specified class period.

Claims of Misleading Information: The complaint asserts that Mullen's executives misled investors about various aspects of the company's business, including intentions for a reverse stock split, partnerships, and technology capabilities, leading to investor damages when the truth was revealed.

Company Name and Stock Symbol Change: Bollinger Innovations, Inc., formerly known as Mullen Automotive Inc., has officially changed its name and stock symbol to BINI effective July 28, 2025, with no impact on its legal structure or operations.

Product Offerings and Market Presence: The company is focused on manufacturing commercial electric vehicles, including the Class 1 EV cargo van and Class 3 EV cab chassis truck, and has established a dealer network across key U.S. markets for sales and service support.

Company Name Change and Stock Update: Mullen Automotive will officially change its name to Bollinger Innovations on July 28, 2025, with its stock trading under the new ticker symbol BINI on Nasdaq. This rebranding aims to unify its products and streamline operations in the commercial vehicle industry.

Financial Challenges and Future Plans: Mullen has faced significant financial losses, resulting in a 100% stock drop year-to-date, alongside job cuts to save costs. Despite these challenges, the company plans to expand internationally and accept cryptocurrency for EV purchases to attract new customers.

Company Rebranding: Mullen Automotive will officially change its name to Bollinger Innovations on July 28, 2025, with a new Nasdaq ticker symbol BINI, while restructuring operations and consolidating under the Bollinger brand to enhance efficiency.

Financial Challenges and Future Plans: Mullen's stock has dropped significantly this year amid financial losses and competitive pressures in the EV market, but the company plans to relaunch its FIVE RS EV Crossover in Germany and accept cryptocurrency for purchases to attract new customers.

Vicor Corporation Earnings Report: Vicor's shares surged 39% in pre-market trading after reporting second-quarter earnings of 91 cents per share, significantly exceeding analyst expectations of 18 cents, along with sales of $141.046 million against a forecast of $96.433 million.

Pre-Market Stock Movements: Several stocks experienced notable changes in pre-market trading, including ABIVAX which rose 410%, while Texas Instruments and VisionWave Holdings saw declines of 12% and 13%, respectively.

Company Name Change and Rebranding: Mullen Automotive Inc. plans to change its name to Bollinger Innovations, Inc., with NASDAQ approving the new stock symbol BINI; the rebranding includes their Commercial Vehicle Center in Oceanside, California.

Product Offerings and Compliance: The company is advancing its commercial electric vehicle lineup, including the Mullen ONE and THREE, which are compliant with U.S. safety and environmental standards, alongside the newly designed Bollinger B4 Chassis Cab for urban operations.