secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2023-04-07T23:59:59+00:00
Accession:  0001104659-23-043192
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mullen Automotive commits to $90M Series D issuance and takes $20M short-term debt at 15%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000110465923043192/0001104659-23-043192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000110465923043192/tm2311933d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-043192

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