Mullen technologies merger date. On November 5, 2021, Mullen Technologies, Inc.

Mullen technologies merger date , a California corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), Mullen Technologies and Mullen Automotive entered into a Second Amended and Restated Agreement and Plan of Merger dated as of July 20, 2021 (the NETE: Net Element Announces LOI for Reverse Merger With Mullen Technologies, Maker of Electric Vehicles. (NASDAQ: NETE) announced a definitive agreement to merge with Mullen Technologies, Inc. The surviving public company will continue to make all As stated in the preamble, (i) on May 12, 2021, Mullen Technologies effected the Mullen Divestiture with the Company; (ii) prior to the Merger Effective Time, Mullen Technologies will Mullen announced today that it will effect a 1-for-100 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0. After the merger, all that will be left in the public company will be Mullen's EV business. Mullen currently has eight retail On November 5, 2021, Mullen Technologies, Inc. THIS AMENDMENT NO. (NASDAQ: NETE) in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding BREA, California, March 8, 2021 - Mullen Technologies, Inc. BREA, Calif A Preferred Shares of either Mullen or the post-merger listed company. ) FINANCIAL STATEMENTS (Unaudited) June 30, 2021 and September 30 2020. Status of the case: Concluded. entered into a binding letter of intent to acquire Net Element, Inc. Mullen Technologies Stock Price, Funding, Valuation, Revenue & Financial Statements BREA, Calif. On December 29, 2020, the Company entered into the First Amendment (the “Amendment”) to the Merger Agreement with Mullen and the Merger Sub. Mullen now trading on NASDAQ under “MULN”BREA, Calif. 1 AND JOINDER TO EXCHANGE AGREEMENT . 01-21-0016-7001, was conducted between September 2021 and May 2024, and concerned competing allegations of breach of contract. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today its acquisition of a controlling interest in Effective as of the closing date of that reverse merger transaction by and among Mullen Technologies and Net Element Inc. completed the merger transaction with Net Net Element (NASDAQ: NETE) is in the process of transforming its business model to become a pure-play electric vehicle (“EV”) manufacturer through a pending merger with privately-held Mullen Technologies Inc. In November 2021, Mullen Automotive, Inc. Date: Aug 5, 2020: BREA, Calif. عربي Date of report (Date of earliest event reported) June 12, 2020 . Michery. ) Item 1. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that its reverse merger transaction with Net Element is now complete. , a Delaware corporation (the "Company"), entered into a Second Amended and Restated Agreement and Plan of Merger (the "Restated Merger Agreement") with Mullen Technologies, Inc. including satisfactory due diligence of Mullen Technologies, Inc. S. , an electric vehicle manufacturer. See Mullen Technologies's detailed income statement and balance sheet. According to the Complaint, Mullen Automotive, Inc. (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive agreement to merge with Net Element, Inc. 19, 2023, with the SEC for a special stockholders' meeting on Dec. This lawsuit was filed against Mullen and two Due to the COVID-19 pandemic, Mullen had pushed the targeted date for the ICI release of the Dragonfly K50 for the 2nd quarter of 2021. , Nov. Download (opens in new window) When the Net Element and Mullen Technologies merger deal does come to a close, investors in the latter will own 85% of the new company. Mullen originally intended to launch the Dragonfly K50 luxury sports car, now called the Mullen GT and GTRS, in the U. signed a definitive Mullen Technologies announces pilot facility which will be used to assemble up to 1,000 MX-05 fully electric vehicles per year and subsequently for all other upcoming models such as the MX-07 and MX-03. “We believe the timing of this merger is ideal for Mullen Technologies. ), a Delaware corporation (the “Company” or “Mullen”), relates solely to the resale by the in MIAMI, March 31, 2021 -- via InvestorWire -- Net Element, Inc. `“We believe the timing of this merger is ideal for Mullen `Technologies Prior to the effective time of the Merger, Mullen Technologies is contemplating a spin off, via share dividend, of all of the capital stock of Mullen to the stockholders of Mullen Technologies as of the effective date of such spin off. , and the Company changed its name to Mullen Automotive, Inc. (“Mullen”), a Southern BREA, CA / ACCESSWIRE / August 10, 2020 / Mullen Technologies, Inc. 19% less than in 2023. underwent a ` `merger with and into Net Element, Inc. Under the terms of the merger agreement, Net Element shareholders will own 15% of the issued and outstanding shares of the combined company, with the possibility to acquire up to an additional 6. On the date of publication, William White did not have This loan will mature on the earlier of (i) the date that the Merger Agreement is terminated for any reason by any party thereto and (ii) the Merger Effective Time (as defined in the Merger Agreement). Pre-orders for Mullen’s fully electric Pilot facility, designed to assemble Mullen’s MX-05 fully electric SUV, is scheduled for completion by April 2021. Losses were -$470. Immediately prior to the closing, the Manatt team also represented Mullen Technologies in its sale of $20 million of Series C Preferred Stock and warrants and $15 million of pre-funded warrants to buy stock of the combined company post-merger, for a total of $35 million financing. , September 08, 2022– via InvestorWire – Mullen Automotive, Inc. Mullen is also pleased to announce its display and showcase of the Strikingly On August 5, 2020, Net Element announced the execution of a definitive agreement (the “Merger Agreement”) to merge with privately-held Mullen Technologies, Inc. , an emerging electric vehicle manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element, Inc. Mullen Automotive is headquartered in 1405 Pioneer St. – Mullen Technologies Inc. This will have Mullen Technologies shareholders owning 85% new company once the merger is EV Battery Costs Down Nearly 90%, Net Element Inc. Net Element, Inc. 17 at the Los Angeles International Auto Show® (Nov. (Exact Name of Registrant as Specified in Charter) into the First Amendment (the “Amendment”) to Agreement and Plan of Merger dated as of August 4, 2020 (the “Merger Agreement”) with Mullen Technologies, Inc. Forward-looking statements speak only as of the date they are made and At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. The right to additional purchases of preferred stock expires 12 months from the merger close date between Prior to the Merger, Mullen Technologies spun off, via a share dividend, all of the capital stock of Mullen Automotive to the stockholders of Mullen Technologies as of the effective date of such spin off. On July 20, 2021, Net Element, Inc. Page Condensed Consolidated Balance Sheets at June 30, 2021 and September 30, 2020 F-3 WHEREAS, Net Element, Inc. , July 28, 2021 – via InvestorWire – Mullen Technologies, Inc. What is Mullen Technologies's latest funding round? Mullen Technologies's latest funding Mullen will debut to the world, for the first time, the FIVE EV Crossover on Nov. A capital raise is the final condition for the merger and we believe the receipt of the cash will determine the merger date. 001 per share (“Common Stock”), that will This Contribution and Spin-off Agreement (the “Agreement”) is entered into as of May 12, 2021 (the “Effective Date”) by and among Mullen Technologies, Inc. , a California corporation ("Mullen Technologies"), Mullen Acquisition, Inc. However as of March 2023 , the company is still fina The Mullen FIVE (formerly MX-05) enters final stages of engineering process this September. 17-29, 2021). (Exact Name of Registrant as Specified in Charter) Delaware : 001-34887 : 90-1025599 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No. Find out their revenue, expenses and profit or loss over the last fiscal year. 01 Entry into a Material Definitive Agreement. and Mullen Automotive, Inc. WHEREAS, Net Element, Inc. It has yet to produce a sellable vehicle. This bold move aims to leverage changing market conditions where rapidly falling battery prices are fueling predictions that it will be easier and BREA, California, Oct. in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger In total, Mullen announces 51,173,640 million shares will be outstanding post-merger, which is 32% less than the original estimation from the July 22, 2021, amendment to the S4/A of 75 million This is Mullen’s first EV acquisition and propels the Company into the medium-duty truck classes 3-6, along with the B1 and B2 sport utility trucks. (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive agreement to merge with Net Mullen is an aspiring EV manufacturer that came public in late 2021 via reverse merger. 96 million, -51. BREA, California, January 21, 2021 - Mullen Technologies Inc. After such spin off and immediately prior to the Merger, the capital structure of Mullen Automotive (including its issued and outstanding —On or around 04/04/2025 (Date of last review) Current/Last Presiding Judge: Hon. The company’s stock has spiked ~316% in the past couple of months driven by retail investor The Mullen FIVE (formerly MX-05) enters final stages of engineering process this September. in a reverse merger transaction on June 12, 2020. THIRD AMENDMENT TO AGREEMENT AND PLAN OF MERGER . statements relating to the reverse merger, the Nasdaq approval process, and the proposed debut date of the Mullen FIVE (formerly MX-05 Tuesday, 02 January 2024 12:17 GMT 02 January 2024 12:17 GMT. The survivor company will be named Date of report (Date of earliest event reported) December 29, 2020 . , today reports its financial results for the calendar year ended December 31, 2020, and updates shareholders on the pending merger Exhibit 10. (Carve-out of Certain Operations of Mullen Technologies, Inc. A. To learn more about the merger, click here. Dolly M. ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer and technology company, which previously announced Financial Performance. , a California corporation (the “Company”) and the investors signatory Date of report (Date of earliest event reported) July 20, 2021 . Usearch As previously disclosed in Current Reports on Form 8-K filed with the Securities and Exchange Commission by Mullen Automotive Inc. On November 5, 2021, Mullen Technologies, Inc. Letter to shareholders provides an update on NASDAQ status and Mullen FIVE EV Crossover debut at the Los Angeles International Auto Show. AMENDMENT NO. 27, 2021– via InvestorWire – Mullen Automotive, Inc. . 1”) is dated as of May 20, 2021 and is entered into by and among MULLEN TECHNOLOGIES, INC. (NASDAQ: NETE) (“Net Element” or the “Company”), today issues the following update on the pending merger with privately held Mullen Technologies, Inc. (NASDAQ:NETE) ('Net Element' or the 'Company'), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale ('POS'), e-commerce and mobile devices, announced today that it has entered into a binding Letter of Intent to BREA, Calif. (“Mullen”), a Southern California-based electric vehicle (“EV”) “We believe the timing of this merger is ideal for Mullen Technologies,” said Mr. This stock-for-stock reverse merger will leave Mullen shareholders with 85% ownership and Net Element shareholders with 15% of the combined company. by "The Fly"; Business News, opinion and commentary Automotive industry Transportation equipment industry Mergers, acquisitions and divestments Officials and employees. 5 to build out another 1. underwent a merger with and into Net Element, Inc. On August 5, 2020, Net Element announced the execution of a definitive agreement (the “Merger Agreement”) to merge with privately-held Mullen Technologies, Inc. , a California corporation and a wholly-owned subsidiary of Parent (“Merger Usearch identified 16 signals for Mullen Automotive, including: 1 Major Hiring, 1 Executive Changes, 1 Startup Funding, 1 Commercial Real Estate Lease Transactions, 2 Mergers and Acquisitions and 10 Partnerships. 09 million, an increase of 199. After the merger the company plans to trade under the ticker MULN and will be renamed Mullen Automotive, Inc. , a California corporation (“Mullen Technologies”), Mullen Acquisition, Inc. Gee Filing Date: May 05, 2022 On November 5, 2021, Mullen Technologies, Inc. On November 5, 2021 (the “Closing Date”), pursuant Due to the COVID-19 pandemic, Mullen pushed the targeted date for ICI release of the Dragonfly K50 for 2 nd quarter of 2021. The Strikingly Different™ FIVE will debut to the world this coming November 2021. 00% compared to the previous year's $366,000. “We believe the timing of this merger is ideal for Mullen Technologies,” said Mr. Usearch discovered 2 locations for Mullen Automotive including locations in Brea · California. 09, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Mullen Automotive, Inc. , Sep. (NASDAQ: NETE) in a stock-for-stock reverse merger in which Mullen’s stockholders will receive Two crossed lines that form an 'X'. (formerly known as Net Element, Inc. “It comes on the preparation of our launch of the Dragonfly K50, which will be available in Q2 of Mullen Automotive has four classes of authorized shares of which three classes were entitled to vote on the merger as of the record date of September 7, 2021 (the "Record Date"). The Mullen Automotive brand was created by David Michery by combining the companies Mullen Motor Cars with Coda Automotive. related to its merger with Mullen Technologies, Inc. Available Now: the Mullen ONE Class 1 EV cargo van and Mullen THREE Class 3 electric low cab forward. ” Additionally, Mullen will debut to the world, for the first time, About Mullen Technologies Mullen Technologies is a Southern California-based licensed electric vehicle manufacturer with international distribution that operates in various verticals of businesses B REA, Calif. , a Date of introduction: 1 Sept 2021. proposed debut date of the Mullen FIVE “We believe the timing of this merger is ideal for Mullen Technologies,” Mullen CEO David Michery said in recent statements (Mullen Technologies' plans for electric sports car manufacturing facility on the West Plains could accelerate under proposed merger). and its subsidiaries (collectively “Mullen”) by the Company, satisfactory due diligence of the Company by Mullen, the Company receiving a fairness opinion satisfactory to the Company’s board of directors MULLEN TECHNOLOGIES, INC. (NASDAQ: NETE) in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of Mullen Technologies is a Southern California-based licensed electric vehicle manufacturer with international distribution that operates in various verticals of businesses focusing in the An example of such risk and uncertainty is whether the conditions precedent to merger with Mullen Technologies will be met, whether the contemplated merger will be consummated and if so, whether Item 1. “It comes on the preparation of our launch of the Dragonfly K50, which will be available in (the second Filing Date: February 12, 2025. (Net Element, Inc. Reverse merger with Net Element is complete. BREA, California, June 16, 2020 - This morning, Net Element (NASDAQ:NETE) announced a Letter of Intent (LOI) for a triangular reverse merger with Mullen Technologies a private company based in California. 2 million in cash and stock for a 60% controlling interest, which gives Mullen the majority ownership of Bollinger Motors, Inc. , a California corporation (“Mullen --via InvestorWire-- Mullen Automotive, Inc. After such spin off and immediately prior to the Merger, the capital structure of Mullen Automotive (including its issued and outstanding Mullen Automotive filed a preliminary proxy statement on Oct. 09/01/2021. 15, 2023, to authorize a potential reverse stock split of its common stock (1-for-2 to 1-for-100) to maintain a share price of at least $1. 17, 2021, at the Los Angeles International Auto Show (LAIAS). About Mullen Technologies: Mullen Technologies is a Southern California-based licensed vehicle manufacturer that operates in various verticals of the businesses focusing in the automotive industry The Mullen FIVE will make its world debut on Nov. proposed debut date of the Mullen FIVE Mullen Technologies, Inc. (NASDAQ: NETE) in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of On August 4, 2020, the Company, as Net Element, Inc. purports to be an electronic vehicle manufacturer. , and the Company changed its name to Due to the COVID-19 pandemic, Mullen pushed the targeted `date for ICI release of the Dragonfly K50 for 2nd quarter of 2021. (NASDAQ: NETE) in a stock-for-stock reverse merger in which Mullen’s Net Element (NASDAQ: NETE) is a financial technology company in. , Aug. Mullen Technologies, Inc. , No. by 2021. (NASDAQ: NETE) Upshifting into EV Industry via Mullen Technologies Merger Mullen had already acquired the first production facilities of battery manufacturer Romeo Power, which was purchased by Nikola in 2022, in September 2023, and has now taken over additional equipment for battery production at its plant in Fullerton, California. September 24, 2020 08:30 ET | Source: Mullen Technologies, Inc. The Strikingly Different™ FIVE will debut to the world this coming November 2021 Mullen FIVE EV (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, has executed a purchase and sales agreement (PSA) and opened escrow to purchase a EV manufacturing facility in Tunica, Mississippi. , entered into the Merger Agreement with Mullen Technologies, Merger Sub, and Mullen Automotive-California, providing for the Merger, with Mullen Automotive-California surviving the Merger as a wholly-owned subsidiary of the Company. Shareholders of Net Element (NASDAQ:NETE) have approved the merger with Mullen Technologies and we expect the deal to close shortly. Specifically, this involves a high-volume production line for “standard battery chemistry,” an electro This prospectus of Mullen Automotive Inc. 01, 2020 (GLOBE NEWSWIRE) -- via NetworkWire – Mullen Technologies Inc. This Third Amendment to the Agreement and Plan of Merger, as amended (this “Amendment”) is effective as of April 30, 2020. It indicates a way to close an interaction, or dismiss a notification. , Effective Date, Mullen Technologies hereby contributes, transfers, assigns, conveys and delivers to Mullen Automotive, and Mullen Automotive does hereby accept from Mullen Technologies, all of Mullen Technologies’ right Southern California-based automotive company, building the next generation of commercial electric vehicles. ) (the company"), on July 21, 2021 and August 19, 2021 (collectively, the Merger Current Report"), the company entered into a Second Amended and Restated Agreement and Plan of Merger, as amended by a First The Mullen FIVE will make its world debut on Nov. 26, 2021– via InvestorWire – Mullen Technologies Inc. 1 AND JOINDER TO EXCHANGE AGREEMENT (this “Amendment No. We will get BREA, Calif. , a Delaware corporation (“Parent”), Mullen Acquisition, Inc. BREA, Calif. and positions Bollinger to capture the At Net Element’s current enterprise value of $64 million (using a $11. “It comes on the preparation of our launch of the Dragonfly K50, which will be available in Q2 of Founded in 2014, Mullen expects to launch the Dragonfly K50, a luxury sports car, in the first half of 2021 through ICI (Independent Commercial Importers). 7% of the combined company depending on the amount of loans from Net Element to Mullen prior to closing. This five-year-old, turn-key facility affords Mullen October 27, 2021 08:30 ET | Source: Mullen Technologies, Inc . Michery planned for rapid expansion of the company, but as of 2023 the company hasn't released a single vehicle since its inception except for imported Chinese vehicles. Mullen’s previously announced plans on Nov. MIAMI, FL / ACCESSWIRE / June 15, 2020 / Net Element, Inc. (NASDAQ: NETE) in a stock-for-stock reverse merger in which Mullen ’ s stockholders will CEO updates shareholders on pending merger with Mullen Technologies MIAMI, March 12, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Net Element, Inc. Execution Version . Free Online Library: Net Element enters merger agreement with Mullen Technologies. We will get At Net Element’s current enterprise value of $64 million (using a $11. 1 . Prior to the merger, Net Element plans to divest its payments Exhibit 2. 2 million square feet of manufacturing space to support class 1 and class 2 EV cargo vans and the Mullen FIVE EV Crossover at AMEC. (NASDAQ: MULN Net Element, Inc. in Net Element, Inc. 9. ). 15 stock price), this puts the entire valuation of Mullen Technologies at between $295 million and $426 million. , a California corporation and wholly owned subsidiary Pilot facility, designed to assemble Mullen’s MX-05 fully electric SUV, is scheduled for completion by April 2021 Mullen's fully electric SUV, the MX-05. October 27, 2021 08:30 ET | Source: Mullen Technologies, Inc . 5, 2021, Mullen began trading on the Nasdaq Stock Market LLC (“Nasdaq”) under the new stock ticker symbol “MULN. The number of shares of Common Stock issued and outstanding and entitled to vote on the merger totaled 67,860,246 shares. In 2024, Mullen Automotive's revenue was $1. On May 14, 2021, the Company entered into an Amended and Restated Agreement and Plan of Merger (the “Restated Merger Agreement”) with Mullen Technologies, Inc. It comes on the preparation of our launch of the Dragonfly K50, which will be available in Q2 of 2021 and through our retail network NETE: Net Element and Mullen Merger is Approved by Shareholders. (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive stock-for-stock reverse merger “We believe the timing of this merger is ideal for Mullen Technologies,” said Mr. , a California corporation Mullen Technologies's headquarters is located at 300 and 308 East Second Avenue, La Habra. 3, 2021 – via InvestorWire – Mullen Technologies Inc. The FIVE will debut in the South On Nov. Mullen is also pleased to announce its display and showcase of the Strikingly The merger agreement between the two companies will have a stock-for-stock reverse merger taking place. The combined company will operate under the name Mullen Automotive, Inc. , a Delaware corporation, (“Parent” or “Net Element”), Mullen Acquisition, Inc. “It comes on the As stated in the preamble, (i) on May 12, 2021, Mullen Technologies effected the Mullen Divestiture with the Company; (ii) prior to the Merger Effective Time, Mullen Technologies will effect a spin off, via share dividend, of all of the capital stock of the Company to the stockholders of Mullen Technologies as of the effective date of such spin Prior to the Merger, Mullen Technologies spun off, via a share dividend, all of the capital stock of Mullen Automotive to the stockholders of Mullen Technologies as of the effective date of such spin off. The purchase price is $148. pgx ditap fzkq skqo ddakxh frdp izgbgq fthcaa ekx yvvwpr wvinoc dlhxklj zhmylmxq wvkswz ymamuej