---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-070437"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T02:54:14.444871+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Mullen issues 54.7M shares, 49.5M pre-funded warrants, 192.7M warrants in lieu of Series D Preferred

## Summary
- Issued 54.7M common shares, pre-funded warrants for 49.5M shares at $0.001, and warrants for 192.7M shares at $0.4320.
- Investors paid $45M under June 2022 Securities Purchase Agreement; issuance replaces 104.2M Series D Preferred shares.
- Prospectus supplement filed to register 585.9M shares for resale by selling stockholders.
- Massive potential dilution to existing shareholders; stock count prior to this was approximately 4.5M shares.

## SEC filing metadata
- accession: 0001104659-23-070437
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000110465923070437/0001104659-23-070437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000110465923070437/tm2318409d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-070437
- JSON: https://secwatch.observer/filing/0001104659-23-070437.json
- Plain text: https://secwatch.observer/filing/0001104659-23-070437.txt

## Key facts
- Material Agreements
  BOLLINGER INNOVATIONS, INC. amended Letter Agreement with the buyers that are parties to the Securities Purchase Agreement valued at $45 million (effective 2023-06-12).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: the buyers that are parties to the Securities Purchase Agreement
  - Value: $45 million
  - Effective: 2023-06-12
  source text: On June 12, 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/1499961/000110465923070437/0001104659-23-070437-index.htm

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