Mullen issues CEO Series AA Preferred share with 1.3B votes to aid reverse stock split

BOLLINGER INNOVATIONS, INC.

Issued one Series AA Preferred share to CEO David Michery for $25,000 cash.
Preferred share carries 1,300,000,000 votes but only on reverse-stock-split proposals.
Share votes proportionally with common and other preferred; non-convertible, no dividends, no liquidation rights.
The share is redeemable for $25,000 upon stockholder approval of a reverse split or at Board's discretion.
Transaction exempt from registration under Section 4(a)(2) of Securities Act.

item 1.01 item 5.03 item 3.02 item 3.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BOLLINGER INNOVATIONS, INC.: Filed a certificate of designation creating a new series of Preferred Stock with specific voting rights and redemption provisions (effective 2022-11-14).

Change: charter amendment
Effective: 2022-11-14

Exact text from the filing

On November 14, 2022, the Company filed a certificate of designation (the “Certificate of Designation”) with the Secretary of State of the State of Delaware, effective as of the time of filing, designating the rights, preferences, privileges and restrictions of the share of Preferred Stock.

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11 governance changes filed in the last 30 days. Browse all governance changes →

BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-22-118729

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