Bollinger Motors gets $10M debt financing from founder Robert Bollinger

BOLLINGER INNOVATIONS, INC.

Bollinger Motors issued $10M secured promissory note to Robert Bollinger, amending $5M note from Oct 22, 2024.
Note bears 15% interest, matures Oct 30, 2026; initial interest-only payment Nov 29, 2024, then monthly from Jan 2025.
Proceeds to support production and sale of B4 Class 4 EV truck, which began full-scale production in September 2024.
Note secured by Bollinger Motors assets excluding inventory and certain IP; includes restrictive covenants on additional debt and asset sales.
Robert Bollinger's financing is non-dilutive, founder's ongoing commitment to Bollinger Motors brand.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.