---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-25-001573"
form_type: "8-K"
ticker: "BINI"
cik: "0001499961"
company_name: "BOLLINGER INNOVATIONS, INC."
filed_at: "2025-03-07T23:59:59+00:00"
generated_at: "2026-05-25T03:34:51.214557+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829126-25-001573
- form_type: 8-K
- ticker: BINI
- cik: 0001499961
- company_name: BOLLINGER INNOVATIONS, INC.
- filed_at: 2025-03-07T23:59:59+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, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499961/000182912625001573/0001829126-25-001573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499961/000182912625001573/mullenautomotive_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-001573
- JSON: https://secwatch.observer/filing/0001829126-25-001573.json
- Plain text: https://secwatch.observer/filing/0001829126-25-001573.txt

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