---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-029072"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:26:08.527167+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mullen Automotive amends settlement with Acuitas; fixes $20M Series D purchase for June 1, 2023

## Summary
- Amendment fixes exercise date of Settlement Additional Purchase Right to June 1, 2023.
- Acuitas will purchase $20M of Series D Preferred Stock and warrants on that date.
- Warrants exercisable for 185% of common shares at May 31, 2023 closing price.
- Acuitas to issue a promissory note to Mullen, due upon registration of resale shares.
- No other terms of the January 13, 2023 Settlement Agreement were changed.

## SEC filing metadata
- accession: 0001104659-23-029072
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000110465923029072/0001104659-23-029072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000110465923029072/tm238457d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-029072
- JSON: https://secwatch.observer/filing/0001104659-23-029072.json
- Plain text: https://secwatch.observer/filing/0001104659-23-029072.txt

## Key facts
- Material Agreements
  BOLLINGER INNOVATIONS, INC. amended Amendment with Acuitas Capital LLC (effective 2023-03-02).
  - Action: amendment
  - Agreement: settlement
  - Counterparty: Acuitas Capital LLC
  - Effective: 2023-03-02
  source text: On March 2, 2023, Mullen Automotive Inc. (the “Company”) entered into an amendment (the “Amendment”) to the Settlement Agreement and Release (the “Settlement Agreement”) , dated January 13, 2023, between the Company and Acuitas Capital LLC (“Acuitas”), pursuant to which Acuitas irrevocably exercised its right to purchase additional shares of the Company’s Series D Preferred Stock and warrants in an amount equal to $20,000,000 and fixed the date of such exercise as June 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465923029072/0001104659-23-029072-index.htm

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