BOLLINGER INNOVATIONS, INC. (BINI): debt financing — Bollinger Innovations raises $4.1M via convertible notes with 15% interest; effects 1-for-250 reverse split

BOLLINGER INNOVATIONS, INC.

Entered securities purchase agreement for $4.1M convertible notes with 15% interest, 5% OID, 4-month maturity; includes 5-year warrants.
Notes convertible at lower of fixed price or 95% of VWAP; anti-dilution adjustments; stockholder approval required if conversion exceeds 19.9% of outstanding.
Company agrees to no other equity sales during 90-day restricted period after effectiveness or stockholder approval.
Reverse stock split 1-for-250 effective Sept. 22, 2025, reducing outstanding shares from ~126M to ~506k; seeks Nasdaq $1 bid compliance.
Company commits no further reverse split for three years; registration rights agreement requires filing within 10 days or penalties apply.

item 1.01 item 5.03 item 2.03 item 3.02 item 3.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BOLLINGER INNOVATIONS, INC. incurred convertible notes of approximately $1.6 million at 15% per annum maturing four months from the date of issuance.

Instrument: convertible notes
Principal: approximately $1.6 million
Rate: 15% per annum
Maturity: four months from the date of issuance
Event: incurrence

Exact text from the filing

The outstanding principal and accrued but unpaid interest on the Note in the principal amount of approximately $1.6 million dated September 4, 2025

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BOLLINGER INNOVATIONS, INC. incurred convertible notes of approximately $368 thousand at 15% per annum maturing four months from the date of issuance.

Instrument: convertible notes
Principal: approximately $368 thousand
Rate: 15% per annum
Maturity: four months from the date of issuance
Event: incurrence

Exact text from the filing

The outstanding principal and accrued but unpaid interest on the Note in the principal amount of approximately $368 thousand dated August 27, 2025

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BOLLINGER INNOVATIONS, INC. incurred convertible notes of approximately $2.1 million at 15% per annum maturing four months from the date of issuance.

Instrument: convertible notes
Principal: approximately $2.1 million
Rate: 15% per annum
Maturity: four months from the date of issuance
Event: incurrence

Exact text from the filing

The outstanding principal and accrued but unpaid interest on the Note in the principal amount of approximately $2.1 million dated September 18, 2025

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

BOLLINGER INNOVATIONS, INC. issued convertible note to an investor for aggregate principal amount of approximately $4.1 million.

Security: convertible note
Purchaser: an investor
Consideration: aggregate principal amount of approximately $4.1 million

Exact text from the filing

the investor agreed to purchase upon execution an aggregate principal amount of approximately $4.1 million (of which approximately $368 thousand was effectively purchased on August 27, 2025 and approximately $1.6 million was effectively purchased on September 4, 2025) of 5% Original Issue Discount Secured Notes (each, a " Note " and collectively, the " Notes ") convertible into shares of common stock

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BOLLINGER INNOVATIONS, INC.: Certificate of Amendment filed to effect a 1-for-250 reverse stock split of Common Stock (effective 2025-09-22).

Change: charter amendment
Effective: 2025-09-22

Exact text from the filing

On September 19, 2025, the Company filed a Certificate of Amendment (the “ Amendment ”) to its Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a one-for-two hundred fifty (1-for-250) reverse stock split (the “ Reverse Stock Split ”) of its Common Stock.

View on SEC.gov

7 debt financings filed in the last 30 days. Browse all debt financings →

BOLLINGER INNOVATIONS, INC. filing history →

Source: SEC EDGAR

accession 0001829126-25-007611

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.