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Mullen acquires 95% stake and takes Bollinger out of receivership

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By Bradley Osborne - 10th June 2025

USA – Mullen Automotive Inc, a manufacturer of commercial electric vehicles based in Brea, California, has announced a definitive agreement to acquire an additional 21% stake in Bollinger Motors Inc and take it out of its court-appointed receivership.

Mullen stated that the planned transaction would increase shareholder equity in Bollinger by approximately USD3.5m and give it a 95% ownership stake. As part of the agreement, Mullen says it has resolved the company’s liabilities, allowing the court to discharge the receiver and dismiss the case against Bollinger.

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