Net Element Inc. NETE Archives

ThursdayNov 04, 2021 1:44 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Releases Update on Post-Merger Share Count

Net Element (NASDAQ: NETE), a global technology and value-added solutions group, and Mullen Automotive Inc., an emerging electric vehicle (“EV”) manufacturer, has shared updated information regarding a previously announced definitive stock-for-stock reverse merger agreement between the two companies. In the announcement, Mullen noted that the number of fully diluted shares upon completion of the merger will be 32% less than the 75 million shares outlined in the agreement. Following the merger, the number of outstanding shares will be 51,173,640 million in total. “We are excited about the many milestones ahead of us and look forward to sharing those with all our…

TuesdayNov 02, 2021 11:13 am

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Automotive Showing Commitment ‘To Be Part of the Rising Electric Era of EVs’

Mullen Automotive Inc., an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element (NASDAQ: NETE) in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, today announced that Mullen Automotive has begun its plans to expand on its 100-acre site in Robinsonville, Mississippi. Located in Tunica County, Robinsonville is approximately 40 miles south of Memphis, Tennessee. Mullen’s Advanced Manufacturing and Engineering Facility (“AMEC”) currently occupies 124,000 square feet of manufacturing space. With over 100 acres of total available land on the property, Mullen is moving ahead…

MondayNov 01, 2021 10:58 am

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Post-Merger Company Vehicle Recognized as ZEVA EV Award Finalist

Net Element’s (NASDAQ: NETE) post-merger company, Mullen Technologies Inc., announced that its Mullen FIVE EV crossover has been named as a finalist in elite awards presented by the LA Auto Show. The electric vehicle was selected as a finalist for the top EV SUV category in the ZEVA(TM) (“ZEVA”) People’s Choice Awards; public voting is being conducted now through Nov. 5, 2021. THE ZEVAs are the official electric vehicle awards of the LA Auto Show, which is recognized as the nation’s preeminent showcase for new zero-emission vehicles (“ZEV”). The FIVE EV Crossover will debut at the LA Auto Show on…

ThursdayOct 28, 2021 1:42 pm

QualityStocksNewsBreaks – Net Element Inc.’s (NASDAQ: NETE) Post-Merger Company Announces New Hires to Drive Vehicle Manufacturing Efforts

Mullen Automotive Inc., an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element (NASDAQ: NETE) in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, has announced two new key hires. Corry Davis will serve as the company’s vice president of vehicle integration and homologation, and GT Martinez will be its new director of certification and homologation. Davis and Martinez bring more than three decades of experience in vehicle engineering and homologation as well as invaluable insight and expertise to their new roles. The two will help the…

WednesdayOct 27, 2021 12:40 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Automotive Announce Receipt of Conditional Approval to List on Nasdaq Capital Markets

Mullen Automotive Inc., an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element (NASDAQ: NETE) in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, today announced its receipt of conditional approval to list the company’s common stock on the Nasdaq Stock Market LLC after satisfaction of the conditions established by Nasdaq. According to the update, trading will commence on Nov. 5, 2021, at which time the company’s name will be changed to Mullen Automotive Inc. under the ticker symbol MULN. In addition, the company issued…

ThursdayOct 14, 2021 1:39 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Announce Crossover EV Nominated for Top LA Auto Show ZEVA Award

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, and Mullen Automotive Inc. have announced that the Mullen FIVE electric vehicle (“EV”) crossover has been nominated for the ZEVA People’s Choice Top EV Crossover. Mullen is an emerging EV manufacturer, and the two companies are in the process of a stock-for-stock reverse merger agreement. The ZEVA award winners will be announced at the prestigious Los Angeles International Auto Show (“LAIAS”), which will be held Nov. 19–28, 2021. Public voting is open through Oct. 20, 2021.…

TuesdayOct 12, 2021 1:34 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Automotive Announce Full Revamp of AMEC Plant for Assembly of EV Cargo Vans

Mullen Automotive Inc., an emerging electric vehicle manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element (NASDAQ: NETE) in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, today announced that its Tunica, Mississippi, Advanced Manufacturing and Engineering Center (“AMEC”) is now ready to begin assembly of Class 1 and Class 2 EV Cargo vans. According to the update, the plant renovations included a full revamp of an automated skillet line with an overhead hanger section, allowing Mullen assembly technicians to work flawlessly as the vans are assembled moving down…

MondaySep 27, 2021 2:09 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Automotive Inc. Release Update Letter to Shareholders

Mullen Automotive, an emerging electric vehicle manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element (NASDAQ: NETE), in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, today released a letter to shareholders from Mullen’s CEO David Michery. “As we begin the fourth quarter of 2021, I would like to take this opportunity to update everyone on the progress being made to complete the merger with Net Element. I am pleased to say that the SEC has declared effective the S-4 registration statement of the shares of the merger. The shareholders…

ThursdaySep 23, 2021 11:59 am

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Technologies Inc. Announce Strategic Partnership for Upcoming Mullen EV Launch

Mullen Technologies, an emerging electric vehicle manufacturer, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE), today announced its entry into a letter of intent (“LOI”) with hofer powertrain GmbH. Under the collaboration, Mullen and hofer powertrain will partner in the development and manufacturing of electric drive systems and components for Mullen’s EV lineup, along with a high-performance powertrain for the DragonFLY, to deliver unprecedented performance in the market. hofer powertrain is a renowned Tier 1 engineering service provider and system supplier specialized in efficient powertrain solutions. As an established and independent partner of the automotive industry…

TuesdaySep 21, 2021 2:47 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Technologies Inc. Announce Definitive Agreement for Class 1 and 2 EV Cargo Vans for Assembly, Sales in US and Mexico

Mullen Technologies, an emerging electric vehicle manufacturer, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE), today announced its entry into a definitive agreement with Tenglong Automotive, a subsidiary of CRRC Group, for manufacturing, distribution and retail sales of Class 1 and Class 2 EV Cargo Vans in the U.S. and Mexico. According to the update, the agreement provides Mullen with an effective solution for the fast-developing EV cargo van market and its existing EV fleet van orders. Mullen will homologate and assemble the vans at its Tunica, Mississippi- based Advanced Manufacturing and Engineering Facility (“AMEC”).…

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