QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Issues Letter to Shareholders
Net Element (NASDAQ: NETE) today released an update to its shareholders on the pending merger with privately held Mullen Technologies Inc., a Southern California-based electric vehicle (“EV”) company. The pending stock-for-stock reverse merger is subject to consummation, in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger Company. The update reads, “We would like to reassure our shareholders that we continue working diligently on the pending merger with Mullen as we combine financial results of both companies for the period ending Dec. 31, 2020. As outlined in the Dec. 29, 2020, Amendment, the parties to…