Mullen Automotive stockholders approve reverse stock split and equity plan amendment; issues 4.69M shares to Esousa

BOLLINGER INNOVATIONS, INC.

Stockholders approved reverse stock split at ratio between 1:2 and 1:100 as determined by Board; 27.9M for, 10.1M against.
Stockholders approved amendment to 2022 Equity Incentive Plan to increase authorized shares by 11 million; 24.7M for, 4.9M against.
Company issued 4,691,050 common shares to Esousa Holdings LLC as commitment shares under Purchase Agreement dated May 21, 2024.
As of September 13, 2024, outstanding common shares total 179,424,508.
Special Meeting quorum established with 68,472,222 votes present; adjournment proposal not needed.

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