secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0001104659-23-070437
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000110465923070437/0001104659-23-070437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000110465923070437/tm2318409d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-070437

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer