Bollinger Innovations shares fall 5.17% premarket after name change to Bollinger Innovations, Inc.

Bollinger Innovations, Inc. dropped 5.17% in premarket trading, following the company's name change from Mullen Automotive Inc. to Bollinger Innovations, Inc. and its Nasdaq ticker symbol change to 'BINI'. The company announced that the name and stock symbol change has no effect on its legal structure or business operations, and stockholders are not required to take any actions in connection with these changes.