News Archives - Page 48 of 49

TuesdaySep 08, 2020 12:25 pm

GreenCarNewsBreaks – Nikola Corporation (NASDAQ: NKLA) & General Motors Company (NYSE: GM) Strategic Partnership Featured on MarketWatch

Nikola Corporation (NASDAQ: NKLA) and General Motors (NYSE: GM) recently announced entry into a strategic partnership that was featured in a MarketWatch article titled, “UPDATE: Nikola shares soar 45% premarket on news of GM partnership; GM to receive $2 billion in Nikola stock.” According to the update, Nikola will use GM's Ultium battery system and Hydrotec fuel cell technology under the agreement, and the collaboration will start with the Nikola Badger, NKLA's planned fully-electric and hydrogen fuel cell electric pickup truck, and include cost reductions for other models. For in-kind services and access to GM's parts and components, Nikola will…

FridaySep 04, 2020 12:16 pm

GreenCarNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Pending Merger Partner Brings Stiff Competition for Tesla Inc. (NASDAQ: TSLA)

Net Element’s (NASDAQ: NETE) pending merger partner, Mullen Technologies, an emerging electric vehicle ("EV") manufacturer and technology company, was featured in a recent CarBuzz article. The piece titled, “New Tesla Model Y Rival Has Over 600 Miles Of Range,” describes competition Tesla's (NASDAQ: TSLA) Model Y will face from electric crossovers including Fisker Inc.'s (NYSE: SPAQ) Fisker Ocean, the Mercedes EQA and, specifically, the range capabilities of new competitor, the Mullen MX-05. The article reads, “Powering the Mullen MX-05 . . . will be a 150-kWh solid-state battery developed by China-based engineering firm Linghang BOAO. . . . Based on…

TuesdayAug 25, 2020 2:23 pm

GreenCarNewsBreaks – Mullen Technologies Inc. to Attend Raymond James 2020 Virtual Diversified Industrials Conference

Mullen Technologies, a southern-California based, licensed electric vehicle ("EV") manufacturer with international distribution that operates in various verticals of the automotive industry, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE), announced that it will attend the Raymond James 2020 Virtual Diversified Industrials Conference today, August 25, 2020. Interested parties may access the presentation, which will also be available on Mullen’s website, by visiting the following link at 4 p.m. EST: http://ibn.fm/vTt43. To view the full press release, visit http://ibn.fm/HQomd About Mullen Technologies Based in Southern California, Mullen Technologies is a licensed vehicle manufacturer focused on…

FridayAug 21, 2020 12:20 pm

GreenCarNewsBreaks – Mullen Technologies Inc.’s MX-O5 Featured as Stiff Competition for Tesla Inc.’s (NASDAQ: TSLA) Model Y in Carscoops Article

Mullen Technologies, an emerging electric vehicle ("EV") manufacturer and technology company, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE) in a stock-for-stock reverse merger, was featured in a recent Carscoops article. The piece titled, “New Tesla Model Y Rival Has Over 600 Miles Of Range,” describes some stiff competition Tesla Inc.'s (NASDAQ: TSLA) Model Y is about to face from electric crossovers, specifically Fisker Inc.'s (NYSE: SPAQ) Fisker Ocean, the Mercedes EQA and, new competitor, the Mullen MX-05. The article reads, “California-based U.S. startup Mullen Technologies is also joining the electric crossover bandwagon with the…

ThursdayAug 20, 2020 12:42 pm

GreenCarNewsBreaks – Canoo’s Plans to Go Public Featured in Automotive Web Zine Carscoops

Electric vehicle startup Canoo was featured in a recent Carscoops article that highlighted its plans to go public by year-end 2020. The article titled, “Canoo Will Become The Latest EV Startup To Go Public,” covers Canoo’s intention to merge with Hennessy Capital Acquisition Corp IV, a special-purpose acquisition company, for public listing on the NASDAQ under ticker symbol “CNOO” by the end of the year. The article reads, “With this announcement, Canoo is following in the footsteps of Nikola Motor and Fisker that have merged with so-called ‘blank check’ acquisition companies to go public. The merger values the combined company…

WednesdayAug 19, 2020 11:51 am

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) Clarifies Share Information in Shareholder Letter

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale, is sharing clarification regarding the expected number of shares that will be outstanding at closing of its pending merger with Mullen, if approved. The additional information was shared in a letter from NETE executive chairman and CEO Oleg Firer, which was released on Aug. 19, 2020. The letter noted that the merger agreement provides for a cap of 75 million outstanding shares at transaction closing, an amount that cannot be exceeded without approval from both parties. The letter also…

TuesdayAug 18, 2020 3:31 pm

GreenCarNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Receives Valuation by Zacks Small-Cap Research

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (“POS”), e-commerce and mobile devices, has received a valuation by Zacks Small-Cap Research (“ZCR”). Among other highlights, the ZCR report cites NETE’s agreement to merge with Mullen Technologies, an electric vehicle assembler and manufacturer. The Mullen merger is anticipated to close in Q4 of 2020. The report reads, “Using the electric vehicle peer valuation of 10x EV/sales, and owning 15-21.7% of the post merger company the company could be worth $30.00 per share once the deal closes and…

FridayAug 14, 2020 10:28 am

GreenCarNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Announces Q2 2020 Financial Results

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (“POS”), e-commerce and mobile devices, on Thursday reported its financial results for the second quarter ended June 30, 2020. "The COVID-19 pandemic continued to negatively impact our financial results during the second quarter of this year. Our ability to adapt quickly by implementing safety protocols to protect our employees has been successful so far, and we are happy to report we have had zero cases of COVID-19 among our employees. We also implemented cost-cutting initiatives while boosting support…

TuesdayAug 11, 2020 12:35 pm

GreenCarNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Pending Merger Partner to Present at J.P. Morgan Virtual Auto Conference

Mullen Technologies ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer and technology company, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE) in a stock-for-stock reverse merger, today announced that the Company will present at the J.P. Morgan Virtual Auto Conference. During the presentation, scheduled to take place at 9:20 a.m. Eastern Time on Wednesday, August 12, Mullen’s CEO, David Michery, will outline the Company's path to electric vehicle production in 2022 and its proprietary technology platform. Interested parties may access the Company’s presentation live at J.P Morgan/MullenTech. A question and answer session for…

MondayAug 10, 2020 10:27 am

GreenCarNewsBreaks – Mullen Technologies, Inc., with Net Element, Inc. (NASDAQ: NETE), Announces Independent Testing Results of Its Solid-State Polymer Battery Technology

Mullen Technologies, Inc. ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer and technology company, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE), in a stock-for-stock reverse merger in which Mullen's stockholders will receive a majority of the outstanding stock in the post-merger company, today announced results from the independent testing of its licensed solid-state polymer battery technology. According to the update, the testing was undertaken by EV Grid, Inc. ("EV Grid"), an independent lab based in San Dimas, California. The results support that the technology may be capable of enabling an electric vehicle…

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