---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-003060"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:57:56.115190+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mullen Automotive adopts shareholder rights plan with 10% beneficial ownership trigger

## Summary
- Dividend of one Right per share of common and preferred stock; record date May 13, 2024.
- Rights become exercisable at $30 per ten-thousandth of a Series A-1 Preferred share after a 10% or greater acquisition.
- Rights expire on May 1, 2025, unless earlier redeemed or exchanged; redemption price set at $0.001 per Right.
- Upon a trigger, Board may exchange each Right for one share of common stock (subject to adjustments).
- Plan designed to prevent any person or group from gaining control without paying a control premium.

## SEC filing metadata
- accession: 0001829126-24-003060
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000182912624003060/0001829126-24-003060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000182912624003060/mullenautomotive_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-003060
- JSON: https://secwatch.observer/filing/0001829126-24-003060.json
- Plain text: https://secwatch.observer/filing/0001829126-24-003060.txt

## Key facts
- Governance Changes
  BOLLINGER INNOVATIONS, INC.: Adopted Certificate of Designation for Series A-1 Junior Participating Preferred Stock (effective 2024-05-01).
  - Change: charter amendment
  - Effective: 2024-05-01
  source text: In connection with the adoption of the Rights Agreement, on May 1, 2024, the Board approved a Certificate of Designation of Rights, Preferences and Privileges of Series A-1 Junior Participating Preferred Stock, (the “Certificate of Designation”), setting forth the rights, powers and preferences of the A-1 Preferred Stock and designating 50,000 shares of A-1 Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1499961/000182912624003060/0001829126-24-003060-index.htm

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