secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001829126-24-003060
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000182912624003060/0001829126-24-003060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000182912624003060/mullenautomotive_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-003060

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