{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-043192","form_type":"8-K","ticker":"BINI","cik":"0001499961","company_name":"BOLLINGER INNOVATIONS, INC.","filed_at":"2023-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.078620+00:00","generated_at":"2026-06-17T04:34:00.474906+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Mullen Automotive commits to $90M Series D issuance and takes $20M short-term debt at 15%","bullets":["Irrevocably committed to issue Series D Preferred Stock and warrants for remaining $90M commitment, payable in two $45M tranches on April 17 and May 15, 2023.","Entered three promissory notes totaling $20M, due April 17, 2023, bearing 15% interest (20% upon default).","Company agreed not to effect reverse stock split within 5 trading days prior to each purchase date.","All other terms of the Securities Purchase Agreement remain unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-043192","json":"https://secwatch.observer/filing/0001104659-23-043192.json","markdown":"https://secwatch.observer/filing/0001104659-23-043192.md","text":"https://secwatch.observer/filing/0001104659-23-043192.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1499961/000110465923043192/0001104659-23-043192-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1499961/000110465923043192/tm2311933d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T04:34:00.474906+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e043f9e49673da8fe04eda97f5638f1895b8dd16","claim":"BOLLINGER INNOVATIONS, INC. incurred loan of aggregate principal amount of $20 million at 15% per annum, which increases to 20% per annum if payments under the Promissory maturing April 17, 2023.","evidence_excerpt":"On April 4, 2023, the Company entered into three promissory notes (the “Securities Purchase Agreement”) in the aggregate principal amount of $20 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499961/000110465923043192/0001104659-23-043192-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"aggregate principal amount of $20 million"},{"label":"Rate","value":"15% per annum, which increases to 20% per annum if payments under the Promissory"},{"label":"Maturity","value":"April 17, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}