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Mullen Automotive Soars 23.44% on Rebranding to Bollinger Innovations
Generated by AI AgentAinvest Pre-Market Radar
Friday, Jul 25, 2025 4:55 am ET1min read
Aime SummaryOn July 25, 2025, Mullen Automotive's stock surged by 23.44% in pre-market trading, marking a significant rise in investor interest and confidence in the company's future prospects.
Mullen Automotive has announced a major corporate restructuring, including a name change to Bollinger Innovations, Inc. This change is set to take effect on July 28, 2025, and will also see the company's stock symbol transition to "BINI" at the market open on the same day. This move is part of a broader strategy to align the company's brand with its innovative electric vehicle (EV) initiatives and to better reflect its position in the market.
The decision to rebrand as Bollinger Innovations, Inc. comes after the company became a majority-owned EV truck company under Bollinger Innovations in September 2022. This restructuring is expected to streamline operations and enhance the company's focus on developing and manufacturing high-quality electric vehicles, which has been a key driver of investor enthusiasm.
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