Net Element Inc. NETE Archives - Page 2 of 20

TuesdayAug 31, 2021 1:24 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Announces Approval of Merger with Mullen Automotive Inc.

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments, today announced that its stockholders have approved the proposed merger of the company’s wholly owned entity with Mullen Automotive Inc. (the “merger”). According to the update, a majority of the votes cast were in favor of the merger. The company will proceed to work on the final requirements to conclude the transaction with Mullen Automotive as referenced in the company’s Form S-4/proxy statement and the merger filings of the company with the Securities and Exchange Commission. To view the full news release, visit https://ibn.fm/km11T About…

ThursdayAug 26, 2021 11:58 am

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen to Unveil Strikingly Different(TM) FIVE at 2021 Los Angeles International Auto Show(R) and CES(R) 2022

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 stock-for-stock reverse merger with privately held Mullen Technologies Inc. Mullen today announced the debut date of the Mullen FIVE EV Crossover. According to the update, the company will debut to the world, for the first time, the FIVE EV Crossover on Nov. 17, 2021, at the Los Angeles International Auto Show (“LAIAS”). The Strikingly Different(TM) FIVE will debut in the South Hall on day one of international media and press days at LAIAS and will continue…

TuesdayAug 24, 2021 11:35 am

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Announce Upcoming World Debut of FIVE EV Crossover

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 stock-for-stock reverse merger with privately held Mullen Technologies Inc. Mullen today announced the arrival of the Mullen FIVE EV Crossover. According to the update, Mullen will begin the final stages of engineering and dry fit process of the Mullen FIVE in Irvine, California, starting in September. Mullen is excited for the upcoming world debut of the FIVE, built on an EV crossover skateboard platform that offers multiple powertrain configurations and trim levels in a Strikingly Different(TM)…

MondayAug 16, 2021 10:44 am

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Releases Q2 2021 Financial Report

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 announced its second-quarter 2021 financial results for the period ended June 30, 2021. A highlight of the report was an increase of net revenue to $33.3 million for the company, compared to $13.7 million for the same period in 2020. The company noted the following revenue figures as well: North American Transactions Solutions revenue totaled $32 million, compared to $13 million for the same quarter in 2020, and International Transaction Solutions revenue increased to…

TuesdayAug 03, 2021 3:24 pm

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Post-Merger Company Notes $60M LOA with Height Dispensary for 1,200 Mullen Vans

Net Element’s (NASDAQ: NETE) post-merger company, Mullen Technologies Inc., has entered into a letter of agreement with Height Dispensary LTD to purchase 1,200 Mullen ONE electric vans, an agreement worth an estimated $60 millon; the LOA also noted that Height has selected Mullen as its exclusive provider for electric vehicles (“EVs”). Net Element is a financial technology company in the process of becoming a pure-play electric vehicle manufacturer through a pending definitive agreement with privately held Mullen Automotive Inc., an emerging electric vehicle manufacturer. Texas-based Heights specializes in high-quality legal CBD and THC products online with plans to open a retail…

WednesdayJul 28, 2021 10:01 am

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Updates Shareholders, Announces Registration Statement for Proposed Merger Declared Effective by SEC

Net Element (NASDAQ: NETE), a financial technology company in the process of becoming a pure-play electric vehicle (“EV”) manufacturer through a pending definitive agreement with privately held Mullen Automotive Inc., has shared key updates with shareholders. Earlier this year, the company purchased more than 100 acres along with a 120,000-square-foot facility, which will become the company’s Advanced Engineering and Manufacturing Center and Proving Grounds (“AMEC”); the property is located in Tunica, Mississippi. The company intends to construct a 700,000-square-foot body shop, paint shop, warehouse and test track to complete an automotive campus with more than 820,000 square feet of building space and the…

TuesdayMay 18, 2021 12:37 pm

QualityStocksNewsBreaks – Net Element (NASDAQ: NETE) Releases Q1 2021 Financial Report, Provides Update on Pending Merger

Net Element (NASDAQ: NETE), a financial technology company in the process of becoming a pure-play electric vehicle (“EV”) manufacturer through a pending definitive agreement with privately held Mullen Automotive Inc., has reported its financial results for the quarter ended March 31, 2021; the report also included an update for shareholders on its previously announced merger with Mullen, a Southern California-based electric vehicle (“EV”) company. The merger is a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company. Financial numbers for the quarter included net income attributable to common stockholders of approximately…

ThursdayApr 01, 2021 11:21 am

QualityStocksNewsBreaks – Net Element (NASDAQ: NETE) Releases 2020 Financial Report, Updates on Merger Status

Net Element (NASDAQ: NETE), a financial technology company in the process of becoming a pure-play electric vehicle (“EV”) manufacturer through a pending definitive agreement with privately held Mullen Technologies Inc., has released its financial report for the calendar year ended Dec. 31, 2020. In the report, the company noted a net loss of an estimated $5.9 million for fiscal year 2020 as compared to a net loss of some $6.5 million for fiscal year 2019. Gross margin for FY 2020 was approximately $9.8 million, or 15.0% of net revenue, as compared to approximately $10.3 million, or 15.8% of net revenue,…

ThursdayMar 18, 2021 10:01 am

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Set to Move the World in Memphis

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 stock-for-stock reverse merger with privately-held Mullen Technologies Inc. Mullen today announced its intent to execute a long-term lease on an 820,000-square-foot facility located in Memphis, Tennessee. According to the update, Mullen, with the help of local and state incentives from the city of Memphis and the state of Tennessee, plans to create up to 800 jobs and deliver 100,000 vehicles over a five-year period, commencing in Q4 of 2023. Mullen’s 2P 6 SUV crossover (formerly MX-05)…

FridayMar 12, 2021 2:12 pm

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…

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