home · filing · 0001104659-22-070216
8-K filed June 10, 2022, 7:59 PM ET
ticker BINI
CIK 0001499961
other material
confidence high
sentiment neutral
materiality 0.75
Mullen enters $275M securities purchase deal for Series D Preferred; COO retires
BOLLINGER INNOVATIONS, INC.
Up to $275M commitment for Series D Preferred Stock and five-year warrants, subject to stockholder approval.
Purchase price per share at lower of $1.27 or prior day closing, floor $0.10.
Series D carries 15% annual cumulative dividend; convertible after registration and price/volume conditions ($27.5M avg daily volume).
COO Jerry Alban retiring effective June 30, 2022; Ignacio Novoa appointed director on same date.
If Company fails to purchase by deadline, it must pay $27.5M cash or issue 28.5M shares.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2022-06-30
Filed June 10, 2022, 7:59 PM ET
the board of directors of the Company appointed Ignacio Novoa as a director effective as of the Effective Date.
Effective 2022-06-30
Filed June 10, 2022, 7:59 PM ET
On June 7, 2022, Jerry Alban notified the Company that he will retiring effective June 30, 2022
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ignacio Novoa was appointed as director at BOLLINGER INNOVATIONS, INC..
Action appointed
Role director
Exact text from the filing
the board of directors of the Company appointed Ignacio Novoa as a director effective as of the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jerry Alban departed as Chief Operating Officer at BOLLINGER INNOVATIONS, INC..
Action retiring
Role Chief Operating Officer
Exact text from the filing
On June 7, 2022, Jerry Alban notified the Company that he will retiring effective June 30, 2022
View on SEC.gov
Source: SEC EDGAR
accession 0001104659-22-070216
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