Welcome to our dedicated page for Mullen Automotive SEC filings (Ticker: MULN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bollinger Innovations, Inc.’s SEC filings document the public-company record of the electric vehicle manufacturer formerly known as Mullen Automotive Inc. Disclosures cover the completed name and ticker change, amendments to charter and bylaws, reverse stock splits, Nasdaq continued-listing matters, registration statements for securities offerings, and material agreements involving convertible notes, warrants and preferred stock.
Current reports also furnish quarterly results, Regulation FD press releases, exhibits and capital-structure updates. Proxy materials describe shareholder meeting proposals, voting procedures, governance matters and security-holder rights tied to the company’s common stock on The Nasdaq Capital Market.
Schedule 13G/A (Amendment No. 7) filed 10 July 2025 discloses that Michael Wachs, Esousa Holdings LLC and Esousa Group Holdings LLC collectively report beneficial ownership of 210,992,582 shares of Mullen Automotive Inc. ("MULN"), equal to 9.9 % of the issuer’s outstanding common stock as of 30 June 2025.
- The stake consists of 69,319,230 shares issuable upon note conversion and 141,673,352 shares issuable upon cash exercise of warrants.
- The 9.9 % figure is calculated against 7,594,989 shares outstanding reported in the company’s 8 July 2025 Schedule 14A.
- The reporting persons hold sole voting and dispositive power over all 210.99 M underlying shares; no shared power is reported.
- The filing states the securities were not acquired to change or influence control of the issuer and remain subject to a 9.9 % beneficial-ownership cap.
- Signatures dated 10 July 2025 confirm Michael Wachs as the sole managing member signing on behalf of the entities.
The presence of convertible notes and warrants representing more than 27 times the current share count highlights substantial potential dilution if exercised or converted, although the contractual cap limits immediate voting influence.
Mullen Automotive has filed a PRER14A announcing a Special Meeting of Stockholders on July 22, 2025, with eight key proposals requiring shareholder approval:
- Three proposals related to issuing common stock through convertible notes and warrants under separate Securities Purchase Agreements worth $1.6M, $11M, and $2.8M
- A significant reverse stock split proposal at a ratio between 1-for-2 to 1-for-250, to be implemented only if needed for Nasdaq compliance
- Approval for issuing up to $20 million of common stock under Securities Act Section 3(a)(10)
- Amendment to the 2022 Equity Incentive Plan for automatic quarterly share increases
- Approval for issuing shares upon exercise of Additional Warrants
- Authorization for meeting adjournment if needed
Notably, the company emphasizes it has not received any Nasdaq deficiency notice regarding the bid price rule, which requires maintaining a minimum bid price of $1.00 per share. Kingsdale Advisors has been retained as proxy solicitor for a fee of $15,500 plus expenses.