Mullen Automotive reported financial results for Q3 2024 with positive stockholders' equity of $53 million and total assets of $192 million as of June 30, 2024. The company secured a substantial $250 million new financing commitment, including $50 million received, $50 million as additional investment right, and $150 million equity line of credit.The company invoiced 377 vehicles valued at $16.8 million for the nine months ended June 30, 2024. Net loss attributable to common shareholders was $289.9 million, or $37.92 per share, compared to $792.7 million loss in the same period last year. The Q3 results included non-cash impairment charges of $105.5 million primarily due to future funding uncertainties.Recent operational highlights include EPA certification for Bollinger's B4 Class 4 EV chassis, new commercial vehicle orders worth $7.7 million from Eco Auto, and expansion of dealer network. The company also announced a lease program for Class 1 EV cargo vans starting at $475 per month and appointed James Taylor as CEO of Bollinger Motors.

Mullen Automotive reported financial results for Q3 2024 with positive stockholders' equity of $53 million and total assets of $192 million as of June 30, 2024. The company secured a substantial $250 million new financing commitment, including $50 million received, $50 million as additional investment right, and $150 million equity line of credit.The company invoiced 377 vehicles valued at $16.8 million for the nine months ended June 30, 2024. Net loss attributable to common shareholders was $289.9 million, or $37.92 per share, compared to $792.7 million loss in the same period last year. The Q3 results included non-cash impairment charges of $105.5 million primarily due to future funding uncertainties.Recent operational highlights include EPA certification for Bollinger's B4 Class 4 EV chassis, new commercial vehicle orders worth $7.7 million from Eco Auto, and expansion of dealer network. The company also announced a lease program for Class 1 EV cargo vans starting at $475 per month and appointed James Taylor as CEO of Bollinger Motors.