secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001104659-21-138173
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.01, 3.02, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mullen Automotive completes reverse merger with Net Element; ticker changes to MULN
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- Merger closed Nov 5, 2021: Net Element acquired Mullen Automotive-California in reverse merger; company renamed Mullen Automotive Inc.
- Issued 15.6M common shares, 1.5M Series A, 5.6M Series B, and 5.0M Series C preferred shares to Mullen Technologies holders.
- New board appointed: David Michery (CEO), Kerri Sadler (CFO), Jerry Alban (COO), Mary Winter (Secretary); prior directors and officers resigned.
- Name changed to Mullen Automotive Inc.; Nasdaq ticker changed from NETE to MULN; fiscal year changed to Sep 30.
- Carve-out financials show net loss of $30.2M for fiscal 2020; going concern uncertainty noted due to negative equity and operating losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000110465921138173/0001104659-21-138173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000110465921138173/tm2132610d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-138173

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