secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001104659-22-118729
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000110465922118729/0001104659-22-118729-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000110465922118729/tm2230523d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-118729

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer