Mullen Automotive effects 1-for-25 reverse stock split to meet Nasdaq $1 minimum bid price

BOLLINGER INNOVATIONS, INC.

Reverse stock split effective May 4, 2023 at 12:01 a.m. ET; ratio of 1-for-25.
Post-split common stock trades under same symbol MULN with new CUSIP 62526P208.
No fractional shares issued; all fractional shares rounded up to nearest whole share.
Proportional adjustments made to warrants, convertible notes, preferred stock and equity awards.
Split intended to regain compliance with Nasdaq's $1.00 minimum bid price requirement; no guarantee of compliance.

item 3.03 item 5.03 item 7.01 item 8.01 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BOLLINGER INNOVATIONS, INC.: Effectuated a one-for-twenty-five reverse stock split of common stock via a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation (effective 2023-05-04).

Change: charter amendment
Effective: 2023-05-04

Exact text from the filing

On May 3, 2023, Mullen Automotive Inc. (the “ Company ”) filed a Certificate of Amendment (the “ Amendment ”) to its Second Amended and Restated Certificate of Incorporation (as amended to date, the “ Certificate of Incorporation ”) with the Secretary of State of the State of Delaware to effect a one-for-twenty-five (1-for-25) reverse stock split (the “ Reverse Stock Split ”) of its common stock, par value $0.001 (the “ Common Stock ”).

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BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-056549

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