Mullen Automotive Slashes Debt By 66%, Receives Accolades For its EV dvelopper et amliorer nos produits et services. Mullen (NASDAQ: MULN) is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions and electric vehicles. Mullen's Energy Subsidiary in nation's capital installing EMM units today. The video discusses key things to know before investing in penny stocks of EV companies, including the risks and rewards associated with investing. UCASU Editor@InvestorBrandNetwork.com, Get the latest news and updates from Stockhouse on social media, Stockhouse.com uses cookies on this site. What's Going On With Mullen Automotive Stock Monday? This, combined with bare company coffers, suggests this is a company that isnt on the right road. U.S. provisional patent application has been filed covering the technology. Ultimately, the reverse split will dilute shareholder value and provide the company access to cash without tapping into the debt market. CGAC On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. Its also worth noting is that Mullen is borrowing the $10 million through promissory notes with an incredibly high interest rate of 15%. When typing in this field, a list of search results will appear and be automatically updated as you type. Andre Hudson Leaves INDI EV for Mullen Automotive (MULN) Given the automakers history, I have little confidence in its latest initiative. BREA, Calif., June 23, 2022 via InvestorWire Mullen Automotive, Inc. (NASDAQ:MULN) (Mullen or the Company), an emerging electric vehicle (EV) manufacturer, announces an update for Mullen shareholders, including recent highlights and accomplishments for the Company, the Mullen FIVE and the Mullen EV Van programs.
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