Mullen Automotive issues 13.8M commitment shares and 3.7M settlement shares; total shares outstanding 158.9M

BOLLINGER INNOVATIONS, INC.

Issued 13,816,105 common shares to Esousa Holdings LLC as Commitment Shares under Purchase Agreement dated May 21, 2024.
Issued 3,714,515 common shares to Silverback Capital Corporation under court-approved settlement agreement dated May 13, 2024.
Total common shares outstanding as of Aug 29, 2024: 158,909,504.
Both issuances exempt from registration under Securities Act (Sections 4(a)(2) and 3(a)(10)).

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