Mullen issues 19.5M shares and 59M warrants to Acuitas for $20M; registers 242M shares

BOLLINGER INNOVATIONS, INC.

Received $20M from Acuitas on June 1; will issue 19,493,071 common shares and 8,074,124 pre-funded warrants at $0.001.
Also issued Acuitas new warrants for 50,999,310 shares at $0.7255 per share.
Replaces prior commitment to issue 27,567,195 Series D Preferred shares.
Filed prospectus supplement to register 242,124,674 shares for selling stockholders.
All issuances unregistered under Section 4(a)(2) but registered for resale on Form S-3.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BOLLINGER INNOVATIONS, INC. entered into Letter Agreement with Acuitas Capital LLC valued at $20,000,000 (effective 2023-06-05).

Action: entry
Agreement: equity purchase
Counterparty: Acuitas Capital LLC
Value: $20,000,000
Effective: 2023-06-05

Exact text from the filing

On June 5, 2023, Mullen Automotive Inc. (the “Company”) entered into a Letter Agreement (the “Letter Agreement”) in connection with the Company’s existing securities purchase agreement dated as of June 7, 2022 and amended on June 23, 2022, September 19, 2022, November 15, 2022, and April 3, 2023 (the “Securities Purchase Agreement”).

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23 material agreements filed in the last 30 days. Browse all material agreements →

BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-067800

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