---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-056549"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T16:33:20.430123+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-056549
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000110465923056549/0001104659-23-056549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000110465923056549/tm2314656d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-056549
- JSON: https://secwatch.observer/filing/0001104659-23-056549.json
- Plain text: https://secwatch.observer/filing/0001104659-23-056549.txt

## Key facts
- Governance Changes
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465923056549/0001104659-23-056549-index.htm

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