Mullen Automotive Inc. MULN Archives - Page 9 of 28

TuesdayDec 26, 2023 10:49 am

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Delivery of 63 Additional Class 3 Vehicles to RMA Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has delivered 63 Class 3 vehicles to the Randy Marion Automotive Group (“RMA”) and has invoiced RMA for $3,969,000. This shipment brings the total delivered EVs to 121, valued at more than $7.5 million, with plans to deliver 150 vehicles total by the end of the year. These vehicles are part of a purchase order placed by RMA earlier this year for 1,000 vehicles in all, with the first vehicles shipped in September. Mullen expects to deliver the majority of the vehicles in 2024. The company’s Tunica, Mississippi-based plant is…

FridayDec 22, 2023 1:46 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Achieves Important Milestone, ‘Laser-Focused on Commercial Vehicle Production and Customer Deliveries’

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced its achievement of a production milestone on Dec. 13, 2023, with the 100th Mullen THREE, Class 3 cab chassis electric truck, rolling off the assembly line in Tunica, Mississippi. As of Dec. 22, 2023, the company has completed 125 Mullen THREE vehicles. A video of the 100th Mullen THREE crossing the production finish line is available on Mullen’s YouTube channel and website. “This is an important milestone for Mullen and demonstrates our EV assembly plant in Tunica is scaling up to meet the commercial vehicle production schedule that…

ThursdayDec 21, 2023 4:34 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Delivery of 38 Class 3s to Randy Marion Automotive Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the delivery of 38 additional Class 3 vehicles to Randy Marion Automotive Group (“RMA” or “Randy Marion”) with the company invoicing RMA for $2.5 million. Randy Marion has committed to 1,000 Class 3 vehicles for a total of $63 million, with the majority of the vehicles to be delivered in calendar year 2024. As previously reported, Class 3 production at Mullen’s Tunica, Mississippi, facility is planned for 150 vehicles for 2023, with total capacity for Class 3 planned at 3,000 vehicles annually per shift. “The Mullen THREE product…

WednesdayDec 20, 2023 1:57 pm

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces ‘Milestone’ Certification for Class 1 EV Cargo Van, EV Now Fully Compliant for Sale Throughout US

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has reached an EV commercial milestone: its Mullen One, a class 1 EV cargo van, received certification from the California Air Resources Board (“CARB”) as a zero-emission vehicle in the state of California. This certification means that Mullen ONE can be sold in CARB-compliant states, including California, Connecticut, Colorado, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont and the District of Columbia. Combined with an earlier certification of conformity received last month from the Environmental Protection Agency (“EPA”), the Mullen ONE is in full compliance…

TuesdayDec 19, 2023 1:42 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Effect 1-for-100 Reverse Stock Split, CEO Releases Letter to Shareholders

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, announced that it will effect a 1-for-100 reverse stock split of its common stock, par value $0.001 per share. According to the announcement, the stock split will be effective Dec. 21, 2023, at 12:01 a.m. ET. The company’s common stock will continue to trade on the NASDAQ exchange under the existing symbol — MULN — and will begin trading on a split-adjusted basis when the market opens on Dec. 21, 2023. A proposal to authorize the reverse stock split was approved by company stockholders at a Special Meeting of Stockholders; Mullen Automotive’s…

MondayDec 18, 2023 10:38 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Adjournment of Special Meeting

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, adjourned its Special Meeting of Stockholders, which convened on Dec. 15, 2023; the meeting is slated to begin today at 9:30 a.m. PT. According to the announcement, the decision to adjourn the meeting was made to provide time to solicit proxies regarding a proposal that had been submitted to stockholders for approval. The company noted that the proposal, Proposal 1, seeks stockholder approval to amend the company’s certificate of incorporation to effect a reverse stock split of MULN’s outstanding common stock at an exchange ratio between 1-for-2 to 1-for-100; the specific…

FridayDec 08, 2023 11:45 am

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Files Spoof Complaint, Dismisses Short-Selling Claim

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has filed a spoofing complaint in the U.S. District Court for the Southern District of New York. The complaint, filed on Dec. 6, 2023, alleges that UBS Securities LLC, IMC Financial Markets and Clear Street Markets LLC engaged in a scheme using spoofing to manipulate the market price of Mullen shares. The company noted that the claim for the spoofing litigation is attached to the company’s Form 8-K, which it filed this week with the Securities and Exchange Commission (“SEC”). According to the announcement, Mullen believes that the spoofing litigation…

TuesdayDec 05, 2023 1:23 pm

QualityStocksNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Mullen THREE Delivery to Retail Partner for Sale to Customers

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has delivered its All-Electric Class 3 EV, the Mullen THREE, to the Randy Marion Automotive Group (“RMA”) in North Carolina. Mullen’s retail dealership partner, RMA is one of the largest commercial fleet dealers in the United States. The Mullen THREE is a low-cab forward chassis truck assembled in Mullen’s Mississippi-based commercial vehicle assembly plant. The newest Mullen vehicle boasts a 5,800-plus pound payload and 130-mile range and is specifically designed for the “urban last-mile delivery.” The truck chassis can be customized to meet a variety of vocational needs, including last-mile delivery,…

MondayDec 04, 2023 1:35 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Strategic Engagement of Basile Law Firm P.C.

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has hired Mark R. Basile, Esq. and his law firm, The Basile Law Firm P.C., to assist the company in reviewing its current fundings and to make recommendations in developing its floorplan for future fundings. “Mullen is committed to full transparency to the public markets. We are making this announcement in an effort to notify our shareholders that we fully intend to take any and all measures necessary to continue our sustainable growth as we move ahead with previously announced strategic initiatives,” said David Michery, CEO…

MondayNov 27, 2023 12:45 pm

QualityStocksNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Issues Update on CBP Application for Class 1 EV Cargo Vans

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that the company and Rapid Response Defense Systems (“RRDS”) have filed responses for final ruling and compliance by the U.S. Customs and Border Protection (“CBP”) application for Mullen’s Class 1 EV cargo van. In March 2023, the companies announced a partnership with RRDS, one of the country’s leading small business federal contractors, selecting Mullen as exclusive provider of Class 1 EV cargo vans. On behalf of Mullen, RRDS filed the Ruling Request Application, which details the substantial transformation Mullen completed for the Class 1 EV cargo van to…

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