Mullen Automotive announces 1-for-100 reverse stock split effective Dec 21, 2023 to regain Nasdaq compliance

BOLLINGER INNOVATIONS, INC.

Reverse split ratio 1-for-100; effective Dec 21, 2023 at 12:01 a.m. ET with split-adjusted trading under symbol MULN.
Stockholders approved at Special Meeting Dec 15/18: 129.3M For, 115.1M Against, 1.3M abstentions.
Split primarily intended to meet Nasdaq's $1.00 minimum bid price requirement; listing not guaranteed.
No fractional shares issued; all fractional shares rounded up; Series A conversion adjusted to 0.0044 shares per share.

item 3.03 item 5.03 item 5.07 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

BOLLINGER INNOVATIONS, INC. shareholders approved Approval of the adjournment of the Special Meeting from time to time, to a later date or dates, if necessary or appropriate, under certain circumstances, including for the purpose of soliciting additional proxies in favor of the foregoing proposal, in the event the Company does not receive the requi at the 2023-12-15 meeting.

Outcome: passed
Meeting: 2023-12-15

Exact text from the filing

Proposal No. 2 : Approval of the adjournment of the Special Meeting from time to time, to a later date or dates, if necessary or appropriate, under certain circumstances, including for the purpose of soliciting additional proxies in favor of the foregoing proposal, in the event the Company does not receive the requisite stockholder vote to approve such proposal or establish a quorum. Votes For Votes Against Abstentions Broker Non-Votes 107,012,078 94,019,397 3,041,019 N/A

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

BOLLINGER INNOVATIONS, INC. shareholders approved Approval of the amendment of the Company's Second Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of the Company's outstanding Common Stock at an exchange ratio between 1-for-2 to 1-for-100, as determined by the Board at the 2023-12-18 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2023-12-18

Exact text from the filing

Proposal No. 1 : Approval of the amendment of the Company's Second Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of the Company's outstanding Common Stock at an exchange ratio between 1-for-2 to 1-for-100, as determined by the Board, which the Company expects that the primary focus of the Board in determining whether or not to effectuate the Reverse Stock Split will be the ability to obtain and maintain a continued price of at least $1.00 per share of its Common Stock on The Nasdaq Capital Market without effecting the Reverse Stock Split. Votes For Votes Against Abstentions Broker Non-Votes 129,275,991 115,113,756 1,286,472 N/A

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47 shareholder votes filed in the last 30 days. Browse all shareholder votes →

BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-127835

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