---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-24-008158"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T05:35:52.740226+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-24-008158
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 2.04, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000182912624008158/0001829126-24-008158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000182912624008158/mullenautomotive_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-24-008158
- JSON: https://secwatch.observer/filing/0001829126-24-008158.json
- Plain text: https://secwatch.observer/filing/0001829126-24-008158.txt

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