---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-070216"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2022-06-10T23:59:59+00:00"
generated_at: "2026-06-25T02:43:30.450907+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mullen enters $275M securities purchase deal for Series D Preferred; COO retires

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-070216
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2022-06-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000110465922070216/0001104659-22-070216-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000110465922070216/tm2218156d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-070216
- JSON: https://secwatch.observer/filing/0001104659-22-070216.json
- Plain text: https://secwatch.observer/filing/0001104659-22-070216.txt

## Key facts
- Executive change
  Ignacio Novoa was appointed as director at BOLLINGER INNOVATIONS, INC..
  - Action: appointed
  - Role: director
  source text: the board of directors of the Company appointed Ignacio Novoa as a director effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465922070216/0001104659-22-070216-index.htm
- Executive change
  Jerry Alban departed as Chief Operating Officer at BOLLINGER INNOVATIONS, INC..
  - Action: retiring
  - Role: Chief Operating Officer
  source text: On June 7, 2022, Jerry Alban notified the Company that he will retiring effective June 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465922070216/0001104659-22-070216-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.