Bollinger Innovations Inc (BINI)

[I-Glow]

Is the following true:

"On Monday, Mullen Automotive MULN announced it had reached a deal with its creditors to amend its Series D Preferred Stock Agreement. Under the new terms, the EV startup would provide its backers 296.9 million of common stock and pre-funded warrants for a $45 million capital injection. This replaces an agreement that offers Series D Preferred Stock and regular warrants for the money.

Together, this means shareholders face immediate dilution."