secwatch.observer — SEC 8-K summary
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Issuer:     BOLLINGER INNOVATIONS, INC. (BINI)
CIK:        0001499961
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0001829126-25-005321
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499961/000182912625005321/0001829126-25-005321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499961/000182912625005321/mullenautomotive_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-005321

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