Bollinger Innovations, Inc. (BINI) company profile

Mullen Automotive Inc. develops, manufactures, and sells commercial electric vehicles and proprietary battery systems. Its primary vehicle lineup features the Mullen ONE Class 1 cargo van, the Mullen THREE Class 3 tilt-cab chassis, the Bollinger B4 Class 4 commercial truck, and the compact I-GO electric delivery vehicle. The company also produces lithium-ion and lithium iron phosphate battery packs and develops solid-state battery technology. Mullen primarily serves commercial fleets, vocational service providers, leasing businesses, and government entities through a partner network of commercial vehicle dealerships.

The company operates manufacturing facilities in Tunica, Mississippi, and Mishawaka, Indiana, alongside a battery development plant in Fullerton, California, and engineering centers in Troy and Oak Park, Michigan. In addition, contract assembly for its Bollinger segment takes place in Livonia, Michigan. Mullen distributes vehicles through approximately 67 dealer locations across the United States and maintains a network of over 50 Bollinger dealer sites. The company is based in Southern California.

Summary of the business section of Bollinger Innovations's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“Per Unit Total without Over-Allotment Total with Over-Allotment Public offering price $ 10.00 $ 40,000,000 $ 46,000,000 Underwriting discounts and commissions $ 0.225 $ 900,000 $ 1,035,000 Proceeds to us (before expenses) $ 9.775 $ 39,100,000 $ 44,965,000 The underwriters are offering the units on a firm commitment basis.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

“As of September 30, 2024, Mullen employed 388 full-time employees including 243 Mullen and 145 Bollinger employees.”