Mullen Auto stockholders approve 1:250 reverse split, quarterly share increase, stock issuances

BOLLINGER INNOVATIONS, INC.

Stockholders approved reverse split ratio between 1:2 and 1:250; as of July 22, 2025, 237,651,918 shares outstanding.
Approved amendment to 2022 Equity Plan: automatic quarterly share increase up to 10% of fully diluted outstanding starting Oct 1, 2025.
Approved issuances of shares under $1.6M, $11M, and $2.8M Securities Purchase Agreements (all exceeded 19.99% cap).
Approved issuance of up to $20M in shares under Section 3(a)(10) and exercise of additional warrants from May 2024 SPA.

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