---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-067800"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:18:07.296972+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-067800
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000110465923067800/0001104659-23-067800-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000110465923067800/tm2317739d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-067800
- JSON: https://secwatch.observer/filing/0001104659-23-067800.json
- Plain text: https://secwatch.observer/filing/0001104659-23-067800.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465923067800/0001104659-23-067800-index.htm

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