BOLLINGER INNOVATIONS, INC. — fact timeline

BOLLINGER INNOVATIONS, INC. amended Letter Agreement with the buyers that are parties to the Securities Purchase Agreement valued at $45 million (effective 2023-06-12).

“On June 12, 2023, Mullen Automotive Inc. (the “Company”) entered into a Letter Agreement (the “Letter Agreement”) in connection with the Company’s existing securities purchase agreement dated as of June 7, 2022 and amended on June 23, 2022, September 19, 2022, November 15, 2022, and April 3, 2023 (the “Securities Purchase Agreement”).”

BOLLINGER INNOVATIONS, INC. entered into Letter Agreement with Acuitas Capital LLC valued at $20,000,000 (effective 2023-06-05).

“On June 5, 2023, Mullen Automotive Inc. (the “Company”) entered into a Letter Agreement (the “Letter Agreement”) in connection with the Company’s existing securities purchase agreement dated as of June 7, 2022 and amended on June 23, 2022, September 19, 2022, November 15, 2022, and April 3, 2023 (the “Securities Purchase Agreement”).”

BOLLINGER INNOVATIONS, INC. entered into Letter Agreement with certain buyers valued at $45 million (effective 2023-05-15).

“Pursuant to the Letter Agreement, the Company and each of the buyers that are parties to the Securities Purchase Agreement agreed to delay the issuance of Series D Preferred Stock and warrants issuable upon receipt of the remaining $45 million of the commitment amount under the Securities Purchase Agreement from May 15, 2023 to June 12, 2023”

BOLLINGER INNOVATIONS, INC.: Effectuated a one-for-twenty-five reverse stock split of common stock via a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation (effective 2023-05-04).

“On May 3, 2023, Mullen Automotive Inc. (the “ Company ”) filed a Certificate of Amendment (the “ Amendment ”) to its Second Amended and Restated Certificate of Incorporation (as amended to date, the “ Certificate of Incorporation ”) with the Secretary of State of the State of Delaware to effect a one-for-twenty-five (1-for-25) reverse stock split (the “ Reverse Stock Split ”) of its common stock, par value $0.001 (the “ Common Stock ”).”

BOLLINGER INNOVATIONS, INC. entered into Letter of Agreement with Lawrence Hardge, Global EV Technology, Inc., and EV Technology, LLC (effective 2023-04-17).

“On April 17, 2023, Mullen Automotive Inc. (the “Company”) entered into a binding Letter of Agreement (the “LOA”) with Lawrence Hardge, Global EV Technology, Inc., and EV Technology, LLC (collectively, “EVT”), pursuant to which the parties will partner and joint venture on all aspects of a device (the “Technology”) previously known as a Battery Life Enhancing Technology along with Ever-Charge Technology and/or Energy Management Module that is designed to extend the effective battery life and can be added to many applications that require and use battery resources to be powered (the “Transaction”).”

BOLLINGER INNOVATIONS, INC. incurred loan of aggregate principal amount of $20 million at 15% per annum, which increases to 20% per annum if payments under the Promissory maturing April 17, 2023.

“On April 4, 2023, the Company entered into three promissory notes (the “Securities Purchase Agreement”) in the aggregate principal amount of $20 million.”

BOLLINGER INNOVATIONS, INC. entered into Intellectual Property and Distribution Agreement with Qiantu Suzhou and two of Qiantu Suzhou’s affiliates (effective 2023-03-14).

“In connection with the execution of the Settlement Agreement, on March 14, 2023, the Company entered into an Intellectual Property and Distribution Agreement (the “IP Agreement”) with Qiantu Suzhou, and two of Qiantu Suzhou’s affiliates (herein “Qiantu”).”

BOLLINGER INNOVATIONS, INC. entered into Settlement Agreement with Qiantu Motor (Suzhou) Ltd. and Qiantu Motor USA, Inc. valued at $6,000,000 (effective 2023-03-14).

“On March 14, 2023, Mullen Automotive Inc. (the “Company”) entered into a Settlement Agreement (the “Settlement Agreement”) with Qiantu Motor (Suzhou) Ltd. (“Qiantu Suzhou”), and Qiantu Motor USA, Inc. (“Qiantu USA” and together with the Company and Qiantu Suzhou, the “Parties” and each a “Party”).”

Chester Bragado was appointed as Chief Accounting Officer at BOLLINGER INNOVATIONS, INC..

“On March 6, 2023, the Company appointed Chester Bragado as Chief Accounting Officer.”

Kerri Sadler resigned as Chief Accounting Officer at BOLLINGER INNOVATIONS, INC..

“On March 6, 2023, Mullen Automotive Inc. (the “Company”) received notification from Kerri Sadler, the Company’s Chief Accounting Officer, of her resignation effective immediately.”

BOLLINGER INNOVATIONS, INC. amended Amendment with Acuitas Capital LLC (effective 2023-03-02).

“On March 2, 2023, Mullen Automotive Inc. (the “Company”) entered into an amendment (the “Amendment”) to the Settlement Agreement and Release (the “Settlement Agreement”) , dated January 13, 2023, between the Company and Acuitas Capital LLC (“Acuitas”), pursuant to which Acuitas irrevocably exercised its right to purchase additional shares of the Company’s Series D Preferred Stock and warrants in an amount equal to $20,000,000 and fixed the date of such exercise as June 1, 2023.”

BOLLINGER INNOVATIONS, INC. engaged RBSM LLP as its auditor.

“ublic Accounting Firm On March 1, 2023, the Company engaged RBSM LLP (“RBSM”) as its new independent registered public accountant for the fiscal year ending September 30, 2023.”

Daszkal Bolton LLP resigned as auditor of BOLLINGER INNOVATIONS, INC..

“(a) Resignation of Previous Independent Registered Public Accounting Firm On March 1, 2023, Mullen Automotive Inc. (the “Company”) was notified that its independent registered public accounting firm, Daszkal Bolton LLP (“Daszkal”), is resigning its engagement with the Company effective immediately upon the consummation of its merger with CohnReznick LLP (“CohnReznick”).”

BOLLINGER INNOVATIONS, INC. reported preliminary financial results for fiscal first quarter in 2023 ending December 31, 2022.

“Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a financial update for its fiscal first quarter in 2023 ending December 31, 2022.”

BOLLINGER INNOVATIONS, INC. reported financial results for the quarter ended December 31, 2022.

“On February 14, 2023, Mullen Automotive Inc. (the "Company") issued a press release announcing financial results for the quarter ended December 31, 2022.”

BOLLINGER INNOVATIONS, INC.: Amendment to Certificate of Incorporation to increase authorized common stock from 1,750,000,000 to 5,000,000,000 shares and total authorized capital from 2,250,000,000 to 5,500,000,000 shares (effective 2023-01-30).

“On January 25, 2023, at the Special Meeting (as defined below), the Company’s stockholders approved an amendment (the “ Amendment ”) to Section A of Article III of the Company’s Second Amended and Restated Certificate of Incorporation (the “ Certificate of Incorporation ”) to increase the number of shares of authorized common stock, par value $0.001 per share (“ Common Stock ”), of the Company from 1,750,000,000 shares to 5,000,000,000 shares, with a corresponding increase in the Company’s total authorized capital stock, which includes Common Stock and Preferred Stock, from 2,250,000,000 shares to 5,500,000,000 shares. On January 30, 2023, the Company filed a Certificate of Amendment to the Company’s Certificate of Incorporation with the Secretary of State of the State of Delaware implementing the Amendment.”

BOLLINGER INNOVATIONS, INC.: Cancellation of Series AA Preferred Stock Certificate of Designation, eliminating all Series AA Preferred Stock (effective 2023-01-30).

“On January 30, 2023, the Company filed a certificate of cancellation (the “ Certificate of Cancellation ”) with the Secretary of State of the State of Delaware, effective as of the time of filing, cancelling the Series AA Certificate of Designation, and thereby eliminating all Series AA Preferred Stock.”

BOLLINGER INNOVATIONS, INC. shareholders approved An amendment to the Company’s Second Amended and Restated Certificate of Incorporation, to increase the aggregate number of shares of Common Stock authorized from 1,750,000,000 to 5,000,000,000 at the 2023-01-25 meeting.

“At the Special Meeting reconvened on January 25, 2023, the stockholders of the Company entitled to vote thereon approved Proposal No.2, an amendment to the Company’s Second Amended and Restated Certificate of Incorporation, to increase the aggregate number of shares of Common Stock that the Company is authorized to issue from One Billion Seven Hundred Fifty Million (1,750,000,000) to Five Billion (5,000,000,000) was approved by a vote of stockholders as follows: The shares of Common Stock, entitled to vote thereon, voting as a separate class were as follows: Votes For Votes Against Abstentions Broker Non-Votes 833,618,762 278,887,857 7,198,940 - The shares of Common Stock, Series A Preferred Stock (each share being entitled to 1,000 votes), Series B Preferred Stock (voting on an as-converted to Common Stock basis), and Series C Preferred Stock (voting on an as-converted to Common Stock basis), entitled to vote thereon, all voting together were as follows: Votes For Votes Against Absten”

BOLLINGER INNOVATIONS, INC. shareholders approved To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), amendments to a securities purchase agreement to provide for the issuance of $150 million in notes and up to $190 million in additional shares of Series D Preferred Stock, each convertible into shares of Common Stock and warrant at the 2023-01-19 meeting.

“The proposal was approved by a vote of stockholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 476,738,003 144,565,735 68,470,133 422,918,811”

BOLLINGER INNOVATIONS, INC. shareholders approved An amendment to the Company’s Second Amended and Restated Certificate of Incorporation to effect a reverse stock split of our outstanding shares of common stock in an amount not less than 1-for-2 shares and not to exceed 1-for-25 shares at the 2023-01-19 meeting.

“Excluding the vote of the Series AA preferred stock from the stock entitled to vote on the Reverse Stock Split Proposal, the proposal was approved by a vote of stockholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 848,328,114 249,157,027 15,207,541 0”

BOLLINGER INNOVATIONS, INC. shareholders approved The adjournment of the Special Meeting to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to adopt Proposal Nos. 1, 2 and 4 or establish a quorum (the “Adjournment Proposal”). at the 2022-12-23 meeting.

“The proposal was approved by a vote of stockholders as follows: Votes For Votes Against Abstentions Broker Non-Votes 654,754,323 173,582,260 16,662,035 -”

BOLLINGER INNOVATIONS, INC. entered into Firm Order Agreement with Randy Marion Isuzu, LLC (effective 2022-12-12).

“On December 12, 2022, Mullen Automotive Inc. (the “Company”) entered into a Firm Order Agreement (the “Agreement”) with Randy Marion Isuzu, LLC (“RMI”) pursuant to which RMI agreed during the period ending on December 31, 2023 (unless terminated earlier pursuant to the terms of the Agreement) to purchase a total of not less than 6,000 units of the initial production 6,800 units of the vehicles manufactured and produced by the Company.”

BOLLINGER INNOVATIONS, INC. completed an acquisition involving Electric Last Mile Solutions, Inc. and Electric Last Mile, Inc. for $105 million (closed 2022-11-30).

“On November 30, 2022, Mullen Automotive Inc. (the “Company”) completed its acquisition of certain assets of the Bankruptcy Estates of Electric Last Mile Solutions, Inc. and Electric Last Mile, Inc. in an all-cash purchase valued at $105 million, which includes the payment of monetary liabilities related to assumed contracts.”

BOLLINGER INNOVATIONS, INC. incurred convertible notes of $150 million.

“On November 15, 2022, the Company issued Notes to the investors in an aggregate principal amount of $150 million.”

BOLLINGER INNOVATIONS, INC. amended Amendment No. 3 with the investors valued at $150 million (effective 2022-11-15).

“On November 15, 2022, Mullen Automotive Inc. (the “Company”) entered into Amendment No. 3 (“Amendment No. 3”) to the existing securities purchase agreement dated as of June 7, 2022 and amended on June 23, 2022 and on September 19, 2022 (the “Securities Purchase Agreement”),”

BOLLINGER INNOVATIONS, INC.: Filed a certificate of designation creating a new series of Preferred Stock with specific voting rights and redemption provisions (effective 2022-11-14).

“On November 14, 2022, the Company filed a certificate of designation (the “Certificate of Designation”) with the Secretary of State of the State of Delaware, effective as of the time of filing, designating the rights, preferences, privileges and restrictions of the share of Preferred Stock.”

BOLLINGER INNOVATIONS, INC.: amended the quorum for a stockholders’ meeting or action to be at least 33 1/3% of the shares of the capital stock issued and outstanding and entitled to vote, present in person or represented by proxy (effective 2022-11-14).

“that amends the quorum for a stockholders’ meeting or action to be at least 33 1/3% of the shares of the capital stock of the Company issued and outstanding and entitled to vote, present in person or represented by proxy”

Kerri Sadler changed role as Chief Accounting Officer at BOLLINGER INNOVATIONS, INC..

“Kerri Sadler’s position was changed from Chief Financial Officer to Chief Accounting Officer”

Jonathan New was appointed as Chief Financial Officer at BOLLINGER INNOVATIONS, INC..

“the Board appointed Jonathan New as Chief Financial Officer of the Company”

Jonathan New resigned as Director at BOLLINGER INNOVATIONS, INC..

“Jonathan New provided notice of his resignation as a director of the Company.”

Ignacio Novoa was appointed as director at BOLLINGER INNOVATIONS, INC..

“the board of directors of the Company appointed Ignacio Novoa as a director effective as of the Effective Date.”

Jerry Alban departed as Chief Operating Officer at BOLLINGER INNOVATIONS, INC..

“On June 7, 2022, Jerry Alban notified the Company that he will retiring effective June 30, 2022”

Mary Winter was appointed as Secretary at BOLLINGER INNOVATIONS, INC..

“the following individuals were appointed as officers of the Company: Name Position David Michery Chief Executive Officer Kerri Sadler Chief Financial Officer Jerry Alban Chief Operating Officer Mary Winter Secretary”

Jerry Alban was appointed as Chief Operating Officer at BOLLINGER INNOVATIONS, INC..

“the following individuals were appointed as officers of the Company: Name Position David Michery Chief Executive Officer Kerri Sadler Chief Financial Officer Jerry Alban Chief Operating Officer Mary Winter Secretary”

Kerri Sadler was appointed as Chief Financial Officer at BOLLINGER INNOVATIONS, INC..

“the following individuals were appointed as officers of the Company: Name Position David Michery Chief Executive Officer Kerri Sadler Chief Financial Officer Jerry Alban Chief Operating Officer Mary Winter Secretary”

David Michery was appointed as Chief Executive Officer at BOLLINGER INNOVATIONS, INC..

“the following individuals were appointed as officers of the Company: Name Position David Michery Chief Executive Officer Kerri Sadler Chief Financial Officer Jerry Alban Chief Operating Officer Mary Winter Secretary”

Jonathan New was appointed as Director at BOLLINGER INNOVATIONS, INC..

“the following became directors of the Company to serve until the annual meeting of the year noted next to their respective Class name and until their respective successors are duly elected and qualified, subject to such directors’ earlier death, resignation, retirement, disqualification or removal: Name of Director Class David Michery Class I - 2022 Jerry Alban Class 1- 2022 Mary Winter Class I - 2022 Kent Puckett Class II - 2023 Mark Betor Class II - 2023 William Miltner Class III - 2024 Jonathan New Class III - 2024”

William Miltner was appointed as Director at BOLLINGER INNOVATIONS, INC..

“the following became directors of the Company to serve until the annual meeting of the year noted next to their respective Class name and until their respective successors are duly elected and qualified, subject to such directors’ earlier death, resignation, retirement, disqualification or removal: Name of Director Class David Michery Class I - 2022 Jerry Alban Class 1- 2022 Mary Winter Class I - 2022 Kent Puckett Class II - 2023 Mark Betor Class II - 2023 William Miltner Class III - 2024 Jonathan New Class III - 2024”

Mark Betor was appointed as Director at BOLLINGER INNOVATIONS, INC..

“the following became directors of the Company to serve until the annual meeting of the year noted next to their respective Class name and until their respective successors are duly elected and qualified, subject to such directors’ earlier death, resignation, retirement, disqualification or removal: Name of Director Class David Michery Class I - 2022 Jerry Alban Class 1- 2022 Mary Winter Class I - 2022 Kent Puckett Class II - 2023 Mark Betor Class II - 2023 William Miltner Class III - 2024 Jonathan New Class III - 2024”

Kent Puckett was appointed as Director at BOLLINGER INNOVATIONS, INC..

“the following became directors of the Company to serve until the annual meeting of the year noted next to their respective Class name and until their respective successors are duly elected and qualified, subject to such directors’ earlier death, resignation, retirement, disqualification or removal: Name of Director Class David Michery Class I - 2022 Jerry Alban Class 1- 2022 Mary Winter Class I - 2022 Kent Puckett Class II - 2023 Mark Betor Class II - 2023 William Miltner Class III - 2024 Jonathan New Class III - 2024”

Mary Winter was appointed as Director at BOLLINGER INNOVATIONS, INC..

“the following became directors of the Company to serve until the annual meeting of the year noted next to their respective Class name and until their respective successors are duly elected and qualified, subject to such directors’ earlier death, resignation, retirement, disqualification or removal: Name of Director Class David Michery Class I - 2022 Jerry Alban Class 1- 2022 Mary Winter Class I - 2022 Kent Puckett Class II - 2023 Mark Betor Class II - 2023 William Miltner Class III - 2024 Jonathan New Class III - 2024”

Jerry Alban was appointed as Director at BOLLINGER INNOVATIONS, INC..

“the following became directors of the Company to serve until the annual meeting of the year noted next to their respective Class name and until their respective successors are duly elected and qualified, subject to such directors’ earlier death, resignation, retirement, disqualification or removal: Name of Director Class David Michery Class I - 2022 Jerry Alban Class 1- 2022 Mary Winter Class I - 2022 Kent Puckett Class II - 2023 Mark Betor Class II - 2023 William Miltner Class III - 2024 Jonathan New Class III - 2024”

David Michery was appointed as Director at BOLLINGER INNOVATIONS, INC..

“the following became directors of the Company to serve until the annual meeting of the year noted next to their respective Class name and until their respective successors are duly elected and qualified, subject to such directors’ earlier death, resignation, retirement, disqualification or removal: Name of Director Class David Michery Class I - 2022 Jerry Alban Class 1- 2022 Mary Winter Class I - 2022 Kent Puckett Class II - 2023 Mark Betor Class II - 2023 William Miltner Class III - 2024 Jonathan New Class III - 2024”

Steven Wolberg resigned as other_named_officer at BOLLINGER INNOVATIONS, INC..

“Jeffrey Ginsberg, Andrey Krotov, Vlad Sadovskiy, and Steven Wolberg resigned as officers of the Company.”

Vlad Sadovskiy resigned as other_named_officer at BOLLINGER INNOVATIONS, INC..

“Jeffrey Ginsberg, Andrey Krotov, Vlad Sadovskiy, and Steven Wolberg resigned as officers of the Company.”

Andrey Krotov resigned as other_named_officer at BOLLINGER INNOVATIONS, INC..

“Jeffrey Ginsberg, Andrey Krotov, Vlad Sadovskiy, and Steven Wolberg resigned as officers of the Company.”

Jeffrey Ginsberg resigned as other_named_officer at BOLLINGER INNOVATIONS, INC..

“Jeffrey Ginsberg, Andrey Krotov, Vlad Sadovskiy, and Steven Wolberg resigned as officers of the Company.”

Todd Raarup resigned as Director at BOLLINGER INNOVATIONS, INC..

“Oleg Firer, John Roland, Jon Najarian, and Todd Raarup each resigned as a director of the Company (including any committee of the board of directors of the Company)”

Jon Najarian resigned as Director at BOLLINGER INNOVATIONS, INC..

“Oleg Firer, John Roland, Jon Najarian, and Todd Raarup each resigned as a director of the Company (including any committee of the board of directors of the Company)”

John Roland resigned as Director at BOLLINGER INNOVATIONS, INC..

“Oleg Firer, John Roland, Jon Najarian, and Todd Raarup each resigned as a director of the Company (including any committee of the board of directors of the Company)”