---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-127835"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:00:27.047154+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-127835
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.03, 5.03, 5.07, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000110465923127835/0001104659-23-127835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000110465923127835/tm2333336d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-127835
- JSON: https://secwatch.observer/filing/0001104659-23-127835.json
- Plain text: https://secwatch.observer/filing/0001104659-23-127835.txt

## Key facts
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465923127835/0001104659-23-127835-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000110465923127835/0001104659-23-127835-index.htm

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