With the $150 million funding commitment announced today, the Company has enough cash to fund operations over the next 13 months for both Mullen and Bollinger Motors, which includes the Bollinger B4 vehicle production.
Mullen reports Q2 2024 fiscal quarter results; positive stockholders’ equity of $117,414,643 as of March 31, 2024. Company has additional $150 million in capital commitments to support the scaling of commercial EV operations.
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Mullen announces $150 million financing commitment which allows Mullen and Bollinger to operate and expand domestic and international commercial sales efforts. These commitments satisfy the Company’s capital needs over the next 13 months $muln
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