News Archives - Page 22 of 49

TuesdayJul 11, 2023 12:17 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Unveils Newest EV Option — PowerUP Mobile Charging Truck Featuring DC Fast Charging

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has unveiled the newest addition to its line of electric vehicles: the PowerUP. According to the company, the new mobile EV charging truck will deliver level 2 and level 3 DC fast-charging capabilities in situations where such power is typically not available, such as roadside assistance and emergency response. Available for advance order, the PowerUP will be featured in MULN’s 2023 Strikingly Different EV Tour, which begins on Aug. 19, 2023, in Austin, Texas. The newest MULN vehicle is based on a Class 5 truck platform, delivers up to 150kW…

MondayJul 10, 2023 10:49 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Commence 2023 ‘Strikingly Different’ EV Tour

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that the Mullen FIVE EV Crossover will be back on tour this summer with more U.S. stops and additional EV vehicles. The 2023 “Strikingly Different” EV Tour will commence on Aug. 20 in Austin, Texas, and continue through November 2023, and will cover the East Coast, Midwest and Northwest before finishing up in California. On the heels of the tremendous success of the Mullen FIVE tour in 2022, the company has added additional EVs to the 2023 segment. These include the Mullen FIVE EV Crossover, Mullen FIVE RS…

ThursdayJul 06, 2023 4:16 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces $25M Stock Buyback Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its board of directors has authorized a stock buyback program. Under the program, the company may, until Dec. 31, 2023, purchase up to $25 million in shares of its outstanding common stock. The shares may be repurchased, from time to time, in the open market or in privately negotiated transactions depending upon market conditions and other factors, and in accordance with regulations of the Securities and Exchange Commission (the “SEC”). “We are initiating this buyback program as an attractive opportunity to deploy capital and return value to…

WednesdayJul 05, 2023 11:33 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Retains Law Firm to Actively Investigate, Combat Naked Short Selling Activities

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has retained Christian Attar, formally known as Christian Levine Law Group, and in partnership with Warshaw, Burstein, LLP, to combat naked short selling activities. Based on reports from ShareIntel, Mullen believes it may have been the target of a market manipulation scheme involving illegal naked short selling of its common stock and has decided to investigate and expose any potential wrongdoing. According to various publicly disclosed sources, Christian Attar, in partnership with Warshaw Burstein, LLP, have successfully prosecuted and collected millions of dollars in aggregate damages…

ThursdayJun 29, 2023 10:38 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports Sale of EV Cargo Vans to Partner Automotive Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has sold 22 EV cargo vans to the Randy Marion Automotive Group, the company’s authorized distributor of commercial EVs in the United States. The sale marks the company’s first revenue, which will be reported in the next quarterly report, for the period ending June 30, 2023. Revenue from the sales will total $308,000. The company is reporting that the vans will start shipping today from Mullen’s Mississippi-based assembly plant to Randy Marion Automotive Group in North Carolina. The announcement also noted that Mullen is currently “in process” with six campus…

TuesdayJun 27, 2023 11:41 am

GreenCarNewsBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) Series D Holders Exercise Final $100M Investment Option

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that on June 23, 2023, its Series D investors exercised their final option, expiring June 30, 2023, for $100 million. The move resulted in additional funding of $100 million to the company. Mullen now has more than $235 million in cash and cash equivalents on its balance sheet, which is after expending $253 million-plus for two completed acquisitions that added valuable, unencumbered assets for the majority ownership in Bollinger Motors and certain assets related to Electric Last Mile Solutions (“ELMS”). “We are in the best financial position in…

WednesdayJun 21, 2023 1:01 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Moratorium on New Financings, Sufficient Capital for at Least 12 Months

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced an investor financing moratorium for the balance of 2023 and that it has sufficient capital on hand for at least the next 12 months. In addition, the company confirmed that remaining investor option expires on June 30, 2023, and that its assets are unencumbered with the exception of $7.3 million outstanding debt. Mullen continues to trade at a steep discount to its current cash position of $135 million or $0.38 per share as of June 13, 2023. The company’s book value was $2.08 per share ss of its…

TuesdayJun 20, 2023 12:30 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Working on Broad Commercialization of AI-Powered PERSONA Vehicle Technology

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the integration of AI-powered PERSONA vehicle technology into its overall commercial and consumer vehicle lineups. Originally developed for the Mullen FIVE, PERSONA is an advanced interactive AI camera/sensor and video monitoring system that utilizes facial recognition technology to unlock/lock vehicles and completely personalize the overall vehicle experience for the driver. “Right from the beginning, when we first introduced PERSONA at the 2021 LA Auto Show, the amount of positive feedback we’ve received has been far beyond anything we imagined; so, of course, we had to expand it for…

FridayJun 16, 2023 10:52 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Corrects Shareholder Letter to Reflect $0.38 Per Share

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has released a letter to its shareholders designed to address the decrease in the company’s share price. The letter noted that earlier this week, the company’s common stock closed at $0.32 per share, down 90% since the end of March. The company currently trades at a discount to its current cash position of $135 million or $0.38 per share. The letter noted several key factors, including $86.7 million of cash available to operations and $0.68 of cash value per share as of March 31, 2023, and the completion of two…

ThursdayJun 15, 2023 12:05 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Shareholder Letter Featuring Status Update

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has issued a shareholder letter providing a business update and responding to questions regarding the company’s share price, which has declined significantly since March 31, 2023; the company currently trades at a discount to its current cash position of $135 million, or $.038 per share. The letter noted that the company anticipates meeting previously announced objectives regarding the production and sales of its class 3 commercial vehicles; management also noted that the company has completed two acquisitions, which have added “valuable, unencumbered assets to the balance sheet.” Those assets include…

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