secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001829126-24-006389
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 5.03, 3.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mullen Automotive announces 1-for-100 reverse stock split after Nasdaq delisting notice
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- Nasdaq notified Mullen on Sept 16 of non-compliance with $1.00 bid price rule; cumulative reverse splits >250 ratio also trigger delisting.
- 1-for-100 reverse stock split effective Sept 17, 2024; stock continues trading under MULN with new CUSIP 62526P505.
- Company will request a hearing before the Nasdaq Hearings Panel to stay delisting; compliance not guaranteed.
- Fractional shares rounded up; outstanding warrants and convertible securities adjusted proportionally.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000182912624006389/0001829126-24-006389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000182912624006389/mullenautomotive_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-006389

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