News Archives - Page 20 of 49

ThursdaySep 07, 2023 4:31 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives Delisting Notification from NASDAQ, Files an Appeal

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has received a letter from the Listing Qualifications Department of the NASDAQ Stock Market. The letter notes that MULN did not meet the deadline to regain compliance with NASDAQ listing requirements; the deadline was Sept. 5, 2023. According to the notice, the company failed to maintain a minimum bid price of $1. In response to the notice, Mullen Automotive has filed an appeal, requesting a hearing before the NASDAQ Listing Qualifications Panel. The company intends to request an extension of time and the opportunity to present its plan to regain…

FridaySep 01, 2023 11:29 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) CEO Responds to Question Asked on ‘Making Money with Charles Payne’

Mullen Automotive’s (NASDAQ: MULN) CEO and Chairman David Michery appeared on “Making Money with Charles Payne” on Fox Business on Thursday, Aug. 31, to discuss the lawsuit against large brokerage firms for unlawful trading practices of the company’s stock and other matters. The company today announced its response to a question asked during Michery’s appearance on the program, which aired on Fox Business at 2:55 p.m. ET on Aug. 31, 2023. Michery and Wes Christian of the law firm of Christian Attar were interviewed by host Charles Payne to discuss various matters and, notably, Mullen’s recent lawsuit against large brokerage…

WednesdayAug 30, 2023 12:53 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Update on Stock Buyback Program, File Suit Against Schwab, TD Ameritrade for Naked Short Selling

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on its stock buyback program. The buyback program started on Aug. 16, 2023, and could go through Dec. 31, 2023. According to the announcement, the company has repurchased $5,610,600 in shares of its Mullen’s original announcement on Aug. 17, 2023. MULN’s board of directors approved the stock buyback program in July; approval allows the company to purchase up to $25 million in shares. The shares may be repurchased in the open market or in privately negotiated transactions. “As I have stated on many prior occasions, I believe that…

TuesdayAug 29, 2023 3:25 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Filing of Lawsuit Against Large Stock Brokerage Firms

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has filed a lawsuit in the United States District Court, in the Southern District of New York, against TD Ameritrade, Charles Schwab, National Finance Services and others alleging that these broker dealers engaged in a scheme to manipulate the share price of the company’s securities. According to the announcement, the lawsuit seeks compensatory damages and injunctive relief from defendants arising from their unlawful conduct in violation of Section 10b and Rule 10b-5 promulgated thereunder of the Securities Exchange Act of 1934. “MULN is one of the…

MondayAug 28, 2023 12:04 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Receives Class 3 Vehicle PO from NRTC Automation Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has received a multiunit vehicle purchase order from NRTC Automation Group for three all-electric commercial class 3 Mullen trucks; the announcement noted that delivery of the vehicles is scheduled to begin in Q4 2023. Alabama-based NRTC, which has locations in South Carolina, Michigan and Ontario, provides turnkey automation, prototyping and production manufacturing solutions for the automotive industry. Mullen noted that the Mullen THREE is an efficient class 3 low-cab, forward EV truck featuring an 11,000 gross vehicle weight rating as well as a turning diameter of 38 feet and excellent visibility…

FridayAug 25, 2023 10:15 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Hosts Launch Event Marking Class 3 Vehicle Production Success

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, held its first-ever open house at its Tunica manufacturing facility. The event marked the company’s first Class 3 EV trucks rolling off the assembly line. According to the announcement, the event provided attendees with the opportunity to tour the Tunica site, enjoy a company presentation, and test drive MULN’s class 1 and class 3 commercial vehicles. Local county and state leaders, members of the media, investors and customers attended the event. The company anticipates ramping up production of its class 3 vehicles throughout the remainder of this calendar year, with…

WednesdayAug 23, 2023 3:47 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) CEO Issues Open Letter to Shareholders

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today shared an open letter to its shareholders addressing declining stock values. “The company has received numerous requests to respond to the ongoing decline of our stock. Many of these communications have been addressed to me personally with less than kind, and sometimes threatening statements. As CEO of this company, I take all shareholders’ concerns seriously. One of my primary responsibilities is to execute the company’s business plan, and as evidenced by multiple prior communications to the public, the company continues to make significant strides in that regard. I will…

MondayAug 21, 2023 11:29 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Milestone: First EV Mullen THREE Truck Rolls Off Assembly Line

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has reached a milestone: the company’s first production vehicle, the Mullen THREE, has rolled off the assembly line. The Class 3 EV truck is being manufactured at Mullen’s commercial vehicle assembly facility located in Tunica, Mississippi. According to the announcement, the company anticipates increasing the production rate of the Mullen THREE as the year progresses. The company noted that when full production has been achieved, Class 3 production at its Tunica facility should reach 3,000 vehicles annually per shift. Mullen plans to add a second shift for Class 3 production…

FridayAug 18, 2023 12:33 pm

GreenCarNewsBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) ‘Strikingly Different’ Tour to Showcase Power, Performance and Possibilities of Its EVs

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its 2023 Mullen “Strikingly Different” EV Tour kicks off this weekend, Aug 20-21, at Circuit of the Americas in Austin, Texas. The tour is slated to run until Nov. 15, 2023, covering the South, East Coast, Midwest, and West Coast before finishing up in California. During the 2023 tour, the public will have the opportunity to see, test drive and experience Mullen’s commercial and retail EVs and check out the latest electric vehicle technology the company has been working on, including AI-powered PERSONA, Mullen’s proprietary advanced facial…

ThursdayAug 17, 2023 12:54 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Commencement of Stock Buyback Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the start of the company’s $25 million stock buyback program with the repurchase of 3.7 million shares of common stock for an aggregate of $3,626,000. The buyback program started on Aug. 16, 2023, and can continue through Dec. 31, 2023. Mullen’s chairman and CEO David Michery also purchased 102,040 shares in the open market on Aug. 16, 2023, at a price of $0.9842 per share. The company is committed to taking all available measures to regain compliance with the NASDAQ minimum $1.00 bid price requirement. “We believe that…

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