Mullen Automotive Inc

Bollinger Innovations has converted $25.3 million in debt and warrants into preferred shares to boost equity and meet NASDAQ listing requirements. The company continues to struggle with significant losses and weak margins but is pursuing new strategic initiatives such as accepting cryptocurrencies and expanding its dealer network. Following the resolution of legal disputes, Mullen Automotive has increased its stake in Bollinger to 95% and is taking on leadership roles. » More on de.investing.com

Mullen Automotive now accepts cryptocurrencies such as Bitcoin and $TRUMP as payment for electric commercial vehicles in an effort to reach new customer groups. Despite financial challenges and a low liquidity ratio, the company is focusing on innovative payment solutions, expanding its dealer network, and launching new models like the Mullen FIVE RS. Additionally, Mullen has resolved legal disputes, increased its stake in Bollinger Motors to 95%, and is benefiting from electric vehicle incentive programs in the US. » More on de.investing.com