---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-034282"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T22:56:42.277953+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mullen settles Qiantu litigation, gains exclusive rights to supercar for Americas

## Summary
- Settlement Agreement with Qiantu resolves all pending litigation; Company paid $6M to Qiantu.
- IP Agreement grants exclusive license to assemble/sell Qiantu K50-based vehicles in North and South America for 5 years.
- Issued warrants to Qiantu USA for up to 75M shares at 110% of market price (exercise window Sept 30, 2023 – Sept 30, 2024).
- Will pay $2M for deliverables and $1,200 royalty per homologated vehicle sold; must purchase minimum vehicle kits annually.
- Launch of Mullen GT and GTRS supercars announced; targets 0-60 in 1.95 sec, top speed >200 mph, assembly in Mishawaka, IN.

## SEC filing metadata
- accession: 0001104659-23-034282
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000110465923034282/0001104659-23-034282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000110465923034282/tm239974d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-034282
- JSON: https://secwatch.observer/filing/0001104659-23-034282.json
- Plain text: https://secwatch.observer/filing/0001104659-23-034282.txt

## Key facts
- Material Agreements
  BOLLINGER INNOVATIONS, INC. entered into Intellectual Property and Distribution Agreement with Qiantu Suzhou and two of Qiantu Suzhou’s affiliates (effective 2023-03-14).
  - Action: entry
  - Agreement: license
  - Counterparty: Qiantu Suzhou and two of Qiantu Suzhou’s affiliates
  - Effective: 2023-03-14
  source text: In connection with the execution of the Settlement Agreement, on March 14, 2023, the Company entered into an Intellectual Property and Distribution Agreement (the “IP Agreement”) with Qiantu Suzhou, and two of Qiantu Suzhou’s affiliates (herein “Qiantu”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465923034282/0001104659-23-034282-index.htm
- Material Agreements
  BOLLINGER INNOVATIONS, INC. entered into Settlement Agreement with Qiantu Motor (Suzhou) Ltd. and Qiantu Motor USA, Inc. valued at $6,000,000 (effective 2023-03-14).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Qiantu Motor (Suzhou) Ltd. and Qiantu Motor USA, Inc.
  - Value: $6,000,000
  - Effective: 2023-03-14
  source text: On March 14, 2023, Mullen Automotive Inc. (the “Company”) entered into a Settlement Agreement (the “Settlement Agreement”) with Qiantu Motor (Suzhou) Ltd. (“Qiantu Suzhou”), and Qiantu Motor USA, Inc. (“Qiantu USA” and together with the Company and Qiantu Suzhou, the “Parties” and each a “Party”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465923034282/0001104659-23-034282-index.htm

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