11:16 AM EDT, 07/09/2024 (MT Newswires) -- Mullen Automotive ( MULN ) subsidiary Bollinger Motors agreed to sell five electric commercial trucks to Spencer Manufacturing for $825,000

Spencer, which works mainly with municipal fire departments, will modify the Class 4 Bollinger B4 commercial trucks for emergency rescue, Mullen said Tuesday.

Spencer will get the trucks after production starts in H2, Mullen said.

Mullen shares fell 2.6% in recent trading Tuesday.

Price: 2.23, Change: -0.06, Percent Change: -2.62