Bollinger Innovations (NASDAQ: BINI), an emerging electric vehicle manufacturer, announced it has eliminated all warrants and $25.3 million of convertible notes through agreements with existing noteholders to exchange the debt into newly created preferred stock. CEO and Chairman David Michery said the move improves the company’s capital structure and reflects continued investor support. Bollinger’s commercial EV lineup includes the ONE Class 1 cargo van, THREE Class 3 cab chassis, and the B4 Class 4 chassis cab, all compliant with U.S. Federal Motor Vehicle Safety Standards, EPA, and CARB certifications.

To view the full press release, visit https://ibn.fm/6v7lC

About Bollinger Innovations, Inc.

Bollinger Innovations, Inc. (NASDAQ: BINI), effective July 28, 2025, and formerly, Mullen Automotive Inc. (Nasdaq: MULN), is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with U.S. based vehicle manufacturing located in Tunica, Mississippi. As of January 2024, both the ONE, a Class 1 EV cargo van, and 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, of Oak Park, Michigan, became a majority-owned EV truck company of Bollinger Innovations. Bollinger Motors 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 network with over 50 locations across the United States for sales and service support.

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

NOTE TO INVESTORS: The latest news and updates relating to BINI are available in the company’s newsroom at https://ibn.fm/BINI

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