---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-25-000884"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:26:18.873417+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mullen Automotive raises $3.1M via convertible notes with warrants; exchanges existing warrants

## Summary
- Issued $3.1M secured convertible notes (5% OID) to investors; notes bear 15% interest, mature 4 months, convertible at floor $0.05/share.
- Issued 5-year warrants for ~25.2M shares; exercise price adjustable, cashless exercise permitted with $0.01 floor after warrant exchange.
- Entered Warrant Exchange Agreement converting prior warrants into new warrants with same terms but cashless exercise floor of $0.01.
- Registration Rights Agreement requires filing resale registration statement within 5 days of effectiveness of another registration, with liquidated damages for delays.
- Amended Rights Agreement to change governing law from Delaware to New York.

## SEC filing metadata
- accession: 0001829126-25-000884
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2025-02-11T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000182912625000884/0001829126-25-000884-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000182912625000884/mullenautomotive_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-000884
- JSON: https://secwatch.observer/filing/0001829126-25-000884.json
- Plain text: https://secwatch.observer/filing/0001829126-25-000884.txt

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