{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-25-004199","form_type":"8-K","ticker":"BINI","cik":"0001499961","company_name":"BOLLINGER INNOVATIONS, INC.","filed_at":"2025-06-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.494841+00:00","generated_at":"2026-05-19T23:49:55.109865+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Mullen Automotive raises $14.4M via secured convertible notes with 15% interest and warrants","bullets":["Issued $11.6M and $2.8M in 5% OID secured convertible notes, net proceeds ~$13.66M.","Notes bear 15% interest, mature in 4 months; convertible at lower of $14.00 or 95% of VWAP.","Issued 5-year warrants for ~2M shares; cashless exercise at Black-Scholes value with 135% volatility.","Company must seek stockholder approval within 40 days to exceed 19.9% exchange cap on conversions.","Registration rights agreement requires filing within 10 days, effectiveness within 40 days; liquidated damages for delays."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-25-004199","json":"https://secwatch.observer/filing/0001829126-25-004199.json","markdown":"https://secwatch.observer/filing/0001829126-25-004199.md","text":"https://secwatch.observer/filing/0001829126-25-004199.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625004199/0001829126-25-004199-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625004199/mullenautomotive_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T23:49:55.109865+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1f20f4eca161ba8152edb79109223d6a8fefa535","claim":"BOLLINGER INNOVATIONS, INC. incurred senior notes of aggregate principal amount of approximately $11.6 million with certain investors at 15% per annum maturing four months from the date of issuance.","evidence_excerpt":"for shares of Common Stock (the “ Warrants ”). Pursuant to the first securities purchase agreement, the Company issued Notes in the aggregate principal amount of approximately $11.6 million and Warrants exercisable on a cash basis for 1,654,135 shares of Common Stock (the “ $11M SPA ”). Pursuant to the second securities purchase agreement, the Company issued Notes","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625004199/0001829126-25-004199-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"aggregate principal amount of approximately $11.6 million"},{"label":"Counterparty","value":"certain investors"},{"label":"Rate","value":"15% per annum"},{"label":"Maturity","value":"four months from the date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"404ff2bb4b7a303b69d5eb57dcfe2e6851329358","claim":"BOLLINGER INNOVATIONS, INC. incurred senior notes of aggregate principal amount of approximately $2.8 million with certain investors at 15% per annum maturing four months from the date of issuance.","evidence_excerpt":"Pursuant to the second securities purchase agreement, the Company issued Notes in the aggregate principal amount of approximately $2.8 million and Warrants exercisable on a cash basis for 387,969 shares of Common Stock (the “ $2.8M SPA ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625004199/0001829126-25-004199-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"aggregate principal amount of approximately $2.8 million"},{"label":"Counterparty","value":"certain investors"},{"label":"Rate","value":"15% per annum"},{"label":"Maturity","value":"four months from the date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}