Mullen Automotive 1-for-9 reverse stock split effective Aug 11; up to $25M buyback

BOLLINGER INNOVATIONS, INC.

1-for-9 reverse stock split effective Aug 11, 2023; new CUSIP 62526P307.
Up to $25M stock buyback program after 10-Q filing and blackout expiration.
Shareholders approved reverse split range 1:2 to 1:100; board set 1:9.
Split aims to meet Nasdaq $1.00 minimum bid price listing requirement.
No fractional shares; all fractional shares rounded up to whole share.

item 3.03 item 5.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

BOLLINGER INNOVATIONS, INC.: The Company filed a Certificate of Amendment to effect a one-for-nine reverse stock split of its common stock (effective 2023-08-11).

Change: charter amendment
Effective: 2023-08-11

Exact text from the filing

On August 10, 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-nine (1-for-9) reverse stock split (the “ Reverse Stock Split ”) of its common stock, par value $0.001 (the “ Common Stock ”).

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11 governance changes filed in the last 30 days. Browse all governance changes →

BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-089986

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