Mullen Automotive Settles Lawsuit, Increases Stake in Bollinger

Mullen Automotive ( (MULN) ) has issued an announcement.

On May 28, 2025, Mullen Automotive Inc. entered into a Settlement Agreement with Robert Bollinger and the receiver for Bollinger Motors, resolving a lawsuit related to a $10 million promissory note. As part of the agreement, Mullen increased its ownership of Bollinger Motors to 95% by acquiring additional shares and agreed to pay $11 million to settle the lawsuit. This strategic move not only extinguishes significant debt but also reinforces Mullen’s commitment to Bollinger’s future, allowing Bollinger to continue as a majority-owned subsidiary under Mullen’s financial backing. The acquisition is expected to enhance shareholder equity by approximately $3.5 million and enable Bollinger to ramp up its sales activities and streamline operations, particularly focusing on the development and production of the B4 platform.

Spark’s Take on MULN Stock

According to Spark, TipRanks’ AI Analyst, MULN is a Underperform.

Mullen Automotive receives a low overall stock score primarily due to severe financial difficulties, including unsustainable losses and liquidity challenges. Technical analysis reveals bearish momentum and oversold conditions. Valuation metrics are unfavorable, reflecting the company’s struggles. Corporate events provide some positive strategic moves but are offset by significant risks.

To see Spark’s full report on MULN stock, click here.

More about Mullen Automotive

Mullen Automotive Inc. is a Southern California-based company specializing in the production of commercial electric vehicles, with manufacturing facilities in Tunica, Mississippi, and Mishawaka, Indiana. The company offers a range of EVs including the Mullen ONE and Mullen THREE, and operates a commercial dealer network across key U.S. markets. Mullen became the majority owner of Bollinger Motors in September 2022, a company known for its all-electric commercial Class 4 chassis cab truck.

Average Trading Volume: 19,254,530

Technical Sentiment Signal: Strong Sell

Current Market Cap: $3.65M

For detailed information about MULN stock, go to TipRanks’ Stock Analysis page.