Mullen settles $20.6M in convertible notes via court-approved stock issuance

BOLLINGER INNOVATIONS, INC.

Court approved settlement of $20,623,013 in outstanding convertible notes on Dec 6, 2024.
Settlement shares issued at conversion price with floor of $1.16 per share; exempt under Section 3(a)(10).
Creditors receive shares or prefunded warrants, capped at 9.9% beneficial ownership.
Settlement resolves litigation and releases company from all claims on the notes.
No new financing; existing liabilities extinguished.

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.