secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001829126-24-006580
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Mullen Automotive issues $12.5M in convertible notes; investors also receive warrants
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- Investors partially exercise additional investment right from May 2024 SPA, purchasing $12.5M aggregate principal of 5% OID senior secured notes.
- Notes convertible into common stock; issuance excludes 5% original issue discount, net proceeds ~$11.9M.
- Investors also receive five-year cash or cashless warrants for 46,664 shares of common stock.
- Terms of Notes and Warrants identical to those previously described in Form 10-Q filed May 14, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000182912624006580/0001829126-24-006580-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000182912624006580/mullenautomotive_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-006580

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