---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-005151"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:47:09.357795+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mullen Automotive to acquire ~33.37% of Bollinger Motors for $36.1M

## Summary
- Agreement covers up to 467,869 shares at an aggregate purchase price of ~$36.1M, representing 33.37% on a fully-diluted basis.
- At closing, $2.6M paid and 33,048 shares issued; remaining ~$33.6M subject to financing condition and installment payments by February 2025.
- Separately, Mullen has a right to purchase up to 439,347 additional shares at $77.16/share within an 18-month period.
- Also, for 36 months, Mullen can match up to 100% of any third-party financing at 75% of the offered price.
- Proceeds will be used for capital expenditure, working capital, and general corporate purposes; certain expenditures require Board approval.

## SEC filing metadata
- accession: 0001829126-24-005151
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000182912624005151/0001829126-24-005151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000182912624005151/mullenautomotive_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-005151
- JSON: https://secwatch.observer/filing/0001829126-24-005151.json
- Plain text: https://secwatch.observer/filing/0001829126-24-005151.txt

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