debt
confidence high
sentiment neutral
materiality 0.50
Mullen Automotive issues additional $4.4M in convertible notes and warrants
BOLLINGER INNOVATIONS, INC.
- Issued $4.4M principal ($4.6M incl. 5% OID) of 5% Original Issue Discount Senior Secured Convertible Notes, convertible into common stock.
- Investors received five-year warrants to purchase 16,862 shares of common stock at cash exercise.
- Notes mature in four months; same terms as prior notes disclosed in Form 10-Q filed May 14, 2024.
- Additional Investment Rights Agreement allows investors to buy up to $4.6M more notes and warrants within one year (through Dec 12, 2025).
- Securities issued under Section 4(a)(2) exemption from registration.