---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-25-000012"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T18:08:26.170879+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mullen issues $9.5M in convertible notes and warrants under existing SPA; settles derivative lawsuit

## Summary
- On Dec 31, 2024, issued additional $5.3M principal of 5% OID Senior Secured Convertible Notes and 19,171 warrants to an investor.
- Also entered Additional Investment Rights Agreement allowing up to $5.3M more notes and warrants within one year.
- On Dec 26 & 30, 2024, issued $4.2M principal of December Notes and warrants for 8,255,933 shares ($1.12 exercise, $0.86 floor).
- Derivative lawsuit settlement: governance enhancements and $500k attorney fees paid by D&O insurers, subject to court approval.
- Total additional financing of ~$9.5M in convertible debt and dilutive warrants.

## SEC filing metadata
- accession: 0001829126-25-000012
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000182912625000012/0001829126-25-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000182912625000012/mullenautomotive_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-000012
- JSON: https://secwatch.observer/filing/0001829126-25-000012.json
- Plain text: https://secwatch.observer/filing/0001829126-25-000012.txt

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