{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-25-007611","form_type":"8-K","ticker":"BINI","cik":"0001499961","company_name":"BOLLINGER INNOVATIONS, INC.","filed_at":"2025-09-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.133884+00:00","generated_at":"2026-05-17T05:52:40.423807+00:00","sec_items":["1.01","5.03","2.03","3.02","3.03","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Bollinger Innovations raises $4.1M via convertible notes with 15% interest; effects 1-for-250 reverse split","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-25-007611","json":"https://secwatch.observer/filing/0001829126-25-007611.json","markdown":"https://secwatch.observer/filing/0001829126-25-007611.md","text":"https://secwatch.observer/filing/0001829126-25-007611.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625007611/0001829126-25-007611-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625007611/bollingerinnovations_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:52:40.423807+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":"0a752d3ded5a6a33fb06abdc4898467a692fd7bd","claim":"BOLLINGER INNOVATIONS, INC. incurred convertible notes of approximately $1.6 million at 15% per annum maturing four months from the date of issuance.","evidence_excerpt":"The outstanding principal and accrued but unpaid interest on the Note in the principal amount of approximately $1.6 million dated September 4, 2025","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625007611/0001829126-25-007611-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"approximately $1.6 million"},{"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":"56ae80ef3827d397cab2610d10c555f86d307caf","claim":"BOLLINGER INNOVATIONS, INC. incurred convertible notes of approximately $368 thousand at 15% per annum maturing four months from the date of issuance.","evidence_excerpt":"The outstanding principal and accrued but unpaid interest on the Note in the principal amount of approximately $368 thousand dated August 27, 2025","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625007611/0001829126-25-007611-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"approximately $368 thousand"},{"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":"9650d1fd8536e5c66f5e51adac47a47fdf772c04","claim":"BOLLINGER INNOVATIONS, INC. incurred convertible notes of approximately $2.1 million at 15% per annum maturing four months from the date of issuance.","evidence_excerpt":"The outstanding principal and accrued but unpaid interest on the Note in the principal amount of approximately $2.1 million dated September 18, 2025","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625007611/0001829126-25-007611-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"approximately $2.1 million"},{"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":"69125f0380429765a69034cae47d6954bd09c6fe","claim":"BOLLINGER INNOVATIONS, INC. issued convertible note to an investor for aggregate principal amount of approximately $4.1 million.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625007611/0001829126-25-007611-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"an investor"},{"label":"Consideration","value":"aggregate principal amount of approximately $4.1 million"}],"fact_type":"equity_issuance"},{"claim_id":"39ab4d499796a1873bff636f48edd13cc1834fd0","claim":"BOLLINGER INNOVATIONS, INC.: Certificate of Amendment filed to effect a 1-for-250 reverse stock split of Common Stock (effective 2025-09-22).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1499961/000182912625007611/0001829126-25-007611-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-09-22"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}