---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-005913"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:42:55.985632+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mullen shareholders approve reverse stock split (1:2 to 1:25) and $150M convertible note issuance

## Summary
- Reverse stock split approved; board may set ratio from 1:2 to 1:25 before Dec 1, 2023.
- Series AA preferred stock automatically redeemed upon approval; 1.3B votes cast proportionally.
- Proposal 4 approved: issuance of up to $150M in convertible notes and up to $190M in Series D preferred.
- Special meeting partially adjourned to Jan 25 for Proposal 2 (authorized share increase) vote.

## SEC filing metadata
- accession: 0001104659-23-005913
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000110465923005913/0001104659-23-005913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000110465923005913/tm234238d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-005913
- JSON: https://secwatch.observer/filing/0001104659-23-005913.json
- Plain text: https://secwatch.observer/filing/0001104659-23-005913.txt

## Key facts
- Shareholder Votes
  BOLLINGER INNOVATIONS, INC. shareholders approved To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), amendments to a securities purchase agreement to provide for the issuance of $150 million in notes and up to $190 million in additional shares of Series D Preferred Stock, each convertible into shares of Common Stock and warrant at the 2023-01-19 meeting.
  - Outcome: passed
  - Meeting: 2023-01-19
  source text: The proposal was approved by a vote of stockholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 476,738,003 144,565,735 68,470,133 422,918,811
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465923005913/0001104659-23-005913-index.htm
- Shareholder Votes
  BOLLINGER INNOVATIONS, INC. shareholders approved An amendment to the Company’s Second Amended and Restated Certificate of Incorporation to effect a reverse stock split of our outstanding shares of common stock in an amount not less than 1-for-2 shares and not to exceed 1-for-25 shares at the 2023-01-19 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2023-01-19
  source text: Excluding the vote of the Series AA preferred stock from the stock entitled to vote on the Reverse Stock Split Proposal, the proposal was approved by a vote of stockholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 848,328,114 249,157,027 15,207,541 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465923005913/0001104659-23-005913-index.htm

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