Mullen Automotive raises $4.0M in convertible notes and warrants; shares outstanding disclosed

BOLLINGER INNOVATIONS, INC.

Entered securities purchase agreement on March 6, 2025 for $4.0M principal of 5% OID secured notes, convertible at floor $0.37, with 15% interest and 4-month maturity.
Issued 5-year warrants for 4,545,456 shares with cashless exercise and anti-dilution adjustments to a $0.01 floor.
Company must seek stockholder approval if conversion or exercise exceeds 19.9% of outstanding shares as of execution date.
Also issued $2.1M in February Notes on Feb 20 and 24, 2025, with conversion floors of $1.03 and $0.65 per share.
As of March 6, 2025, outstanding common shares were 3,673,608.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

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.