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Company expects to change name and NASDAQ ticker symbol prior to Aug. 15, 2025
Consolidation includes moving commercial operations to Oak Park, Michigan
Since Jan. 2025, Company has eliminated 155 positions and reduced operating expenses by a minimum of $35M annually
Company expects significant sales orders in current fiscal quarter
BREA, Calif., July 15, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, today announces the consolidation of Mullen and Bollinger Motors ("Bollinger") operations. The Company is also updating its name to Bollinger Innovations and expects to update its NASDAQ ticker symbol prior to Aug. 15, 2025. Since January 2025, the Company has eliminated 155 positions and reduced overall operating expenses by a minimum of $35 million annually.
Consolidation includes moving commercial vehicle operations to Oak Park, Michigan, and merging Mullen and Bollinger sales, marketing and service operations under the unified Bollinger brand. This Company-wide consolidation eliminates redundancy while continuing focus on Class 1, 3 and 4 Commercial vehicle segments.
Posted In: MULN
