---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-007010"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2024-10-25T23:59:59+00:00"
generated_at: "2026-05-30T10:01:24.788229+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mullen Automotive issues 340k shares to settle $4.5M in secured notes for $3M

## Summary
- Issued 340,000 shares of common stock to settle ~$4.5M secured promissory notes for a $3.0M settlement amount.
- Additional shares may be issued based on closing price to reach the $3M settlement, subject to a 9.99% ownership cap.
- Settlement eliminates ~$4.5M in liabilities, reducing debt but diluting existing shareholders with new equity.
- Shares issued under Section 3(a)(9) exemption; no registration required and no commission paid.
- Company retains option to pay any remaining settlement balance in cash rather than stock.

## SEC filing metadata
- accession: 0001829126-24-007010
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2024-10-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000182912624007010/0001829126-24-007010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000182912624007010/mullenautomotive_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-007010
- JSON: https://secwatch.observer/filing/0001829126-24-007010.json
- Plain text: https://secwatch.observer/filing/0001829126-24-007010.txt

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