Form 8-K - Current report

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):

September 23, 2024

 ​

MULLEN AUTOMOTIVE INC.

 

(Exact name of registrant as specified in its charter)

 

Delaware		001-34887		86-3289406
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 ​

1405 Pioneer Street, Brea, California 92821

(Address, including zip code, of principal executive offices)

 

Registrant’s telephone number, including area code

[phone]

 

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001		MULN		The Nasdaq Stock Market, LLC (Nasdaq Capital Market)
Rights to Purchase Series A-1 Junior Participating Preferred Stock		None		The Nasdaq Stock Market, LLC (Nasdaq Capital Market)

 ​

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 7.01.

Regulation FD Disclosure.

 

On September 23, 2024, Mullen Automotive Inc. (the “Company”) issued a press release announcing a shareholder update in an upcoming video and, on September 24, 2024, the Company issued a press release regarding the shareholder update video. A copy of the press releases and a copy of the transcript of the shareholder update video are furnished as Exhibits 99.1, 99.2 and 99.3, respectively, to this report and incorporated herein by reference into this Item 7.01.

 

The information in this Item 7.01 and Exhibits 99.1, 99.2 and 99.3 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing. The furnishing of the information in this Current Report on Form 8-K with respect to the transcript is not intended to, and does not, constitute a determination or admission by the Company that such information is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company.

 

Forward-Looking Statements

 

Certain statements in the press releases and the transcript of the video are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained therein that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include whether the Company will be successful in regaining compliance with Nasdaq’s minimum bid rule; whether the pilot programs, outreach and communications with potential customers will result in vehicle sales; the outcome of the Volt Mobility transaction; timing of Bollinger revenue recognition; and how long state and federal electric vehicle incentive programs will continue to apply to electric vehicles and the impact of incentive programs on the resultant price of the Company vehicles.

 

Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; (xi) the vehicles developed will perform as expected and (xii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Mullen Automotive Inc., with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether because of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen and Bollinger Motors’ plans and expectations as of any subsequent date.

 

Item 9.01

Exhibits.

 

(d)

Exhibits

 

Exhibit No.		Description
99.1		Press release dated September 23, 2024
99.2		Press release dated September 24, 2024
99.3		Transcript of Shareholder Update Video released on September 24, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	MULLEN AUTOMOTIVE INC.
Date: September 24, 2024	By:	/s/ David Michery
		David Michery
		Chief Executive Officer

 

2

 

Exhibit 99.1

 

Mullen Automotive CEO to Update Shareholders in Upcoming Video

 

Video will be made available on Tuesday, Sept. 24, 2024, at 9 a.m. Eastern via MullenUSA.com

 

BREA, Calif., September 23, 2024– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces a forthcoming video update for shareholders, provided by Mullen CEO and chairman, David Michery. The Company is planning to release the video update on Tuesday, Sept. 24, 2024, at 9 a.m. Eastern and will be available on MullenUSA.com.

 

In the upcoming video, Michery will provide insights into key achievements by Mullen and Bollinger Motors, and recent progress made on expanding domestic and international sales and distribution channels. The video will be available for viewing on Mullen’s website and social media channels on Tuesday, Sept. 24, 2024.

 

“I look forward to providing our shareholders an update on our current Company efforts through Sept. 20, 2024. Thank you everyone for the continued support,” said Michery.

 

David Michery Filming Shareholder Update Video on Sept. 20, 2024

 

 

Company to provide insights into recent key achievements by Mullen and Bollinger Motors.

 

 

 

 

About Mullen

 

Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. The CARB-issued HVIP approval on the Mullen THREE, Class 3 EV truck, provides up to a $45,000 cash voucher at time of vehicle purchase. The Company has also recently expanded its commercial dealer network with the addition of Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Eco Auto, providing sales and service coverage in key Midwest, West Coast and Pacific Northwest and New England markets. The Company also recently announced Foreign Trade Zone (“FTZ”) status approval for its Tunica, Mississippi, commercial vehicle manufacturing center. FTZ approval provides a number of benefits, including deferment of duties owed and elimination of duties on exported vehicles.

 

To learn more about the Company, visit www.MullenUSA.com.

 

Forward-Looking Statements

 

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include the timing of release of the referenced video update and how long state and federal electric vehicle incentive programs will continue to apply to electric vehicles and the impact of incentive programs on the resultant price of the Company vehicles.

 

Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; (xi) the vehicles developed will perform as expected and (xii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Mullen Automotive, Inc., with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether because of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen and Bollinger Motors’ plans and expectations as of any subsequent date.

 

2

 

 

Contact:
Mullen Automotive, Inc.
[phone]
www.MullenUSA.com

 

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[e-mail]

 

3

 

Exhibit 99.2

 

Mullen CEO Provides Video Update to Shareholders

 

David Michery, CEO and chairman, shares a Company update, including sales activities with existing and
new companies resulting in new sales opportunities and vehicle orders received and or completed

 

Company financing in place to support sales growth through a $100M preferred instrument and $150M fully available equity line

 

BREA, Calif., Sept. 24, 2024 – via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces a video update for shareholders released today and provided by Mullen CEO and chairman, David Michery. The video was released on Tuesday, Sept. 24, 2024, at 9 a.m. ET, and is available to view here on Mullen’s official YouTube channel and MullenUSA.com.

 

In the video, Michery reiterates that the Company was compelled to do another reverse split to work towards regaining compliance with NASDAQ’s minimum bid price rule and the Company’s current stock price does not represent the value of Mullen. He provides a detailed overview of Mullen’s recent progress, including:

 

Sales and Distribution Expansion:

 

●

Expanded dealer network in the U.S. to seven renowned dealers nationwide, including recently announced Papé Group, one of the largest commercial dealer groups in the country with major presence across the West Coast

 

●

Conducted over 80 vehicle demos or pilots across various industries in the U.S. resulting in significant progress, including new sales opportunities and vehicle orders received and or completed:

 

○

Universities: Princeton University, University of Virginia (UVA), University of California, Los Angeles (UCLA)

 

○

Local city governments: Cities of Dublin, Ohio, Raleigh, North Carolina, Los Angeles, California, and Seattle, Washington

 

○

Small businesses: From local florist shops to health care providers delivering supplies

 

○

Large corporations: Major airport service company, roadside assistance, vehicle rental company and last-mile package delivery companies

 

●

Expanded international reach with established retailers and orders in Eastern Europe and the Middle East.

 

○

Volt Mobility order for $210M with Mullen to deliver 300 vehicles this calendar year and with 3,000 planned for calendar year 2025

 

○

Mullen vehicle technicians and sales team members were on the ground in Dubai, UAE starting Sep. 18, 2024, delivering Volt’s first Mullen Commercial EVs and to support initial market launch activities

 

 

 

 

Bollinger Motors Progress:

 

●

Completed all necessary engineering and testing to pass compliance regulation, including EPA and CARB approvals, and obtained sales approval in all U.S. states with qualification for significant incentives

 

●

Partnering with Roush Industries, with manufacturing plant in the greater Detroit area, to produce the Bollinger B4 electric truck in Michigan

 

●

Reached an important milestone with production beginning Sept. 20, 2024, on the first customer-ready B4 electric trucks

 

Financial Performance:

 

●

Successfully transitioned from pre-revenue product development to revenue generation for Mullen Commercial EVs

 

●

Bollinger begins revenue generation with the launch of Class 4 fully certified electric truck

 

●

Reduced cash burn through strategic product focus and efficiency improvements of operations

 

●

Company financing in place to support sales growth through a $100M preferred instrument and $150M fully available equity line

 

●

Three vehicle lines are currently in production and generating positive margins from sales, with widespread demand for Mullen EVs from several different customer verticals

 

“Our group of companies, including Bollinger Motors and Mullen Advanced Energy Operations, continue to work towards meeting milestones and growing sales and I remain optimistic that the Company success will continue despite the challenges associated with our stock price,” said David Michery, CEO and chairman of Mullen Automotive.

 

About Mullen

 

Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. The CARB-issued HVIP approval on the Mullen THREE, Class 3 EV truck, provides up to a $45,000 cash voucher at time of vehicle purchase. The Company has also recently expanded its commercial dealer network to seven dealers with the addition of Papé Kenworth. Other previously announced dealers include Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key Midwest, West Coast, Pacific Northwest, New England and Mid-Atlantic markets. The Company has also announced Foreign Trade Zone (“FTZ”) status approval for its Tunica, Mississippi, commercial vehicle manufacturing center. FTZ approval provides a number of benefits, including deferment of duties owed and elimination of duties on exported vehicles.

 

To learn more about the Company, visit www.MullenUSA.com.

 

2

 

 

Forward-Looking Statements

 

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include whether the Company will be successful in regaining compliance with Nasdaq’s minimum bid rule; whether the pilot programs, outreach and communications with potential customers will result in vehicle sales; the outcome of the Volt Mobility transaction; timing of Bollinger revenue recognition; and how long state and federal electric vehicle incentive programs will continue to apply to electric vehicles and the impact of incentive programs on the resultant price of the Company vehicles.

 

Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; (xi) the vehicles developed will perform as expected and (xii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Mullen Automotive, Inc., with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether because of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen and Bollinger Motors’ plans and expectations as of any subsequent date.

 

Contact:

Mullen Automotive, Inc.

[phone]

www.MullenUSA.com

 

Corporate Communications:

InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[e-mail]

 

3

 

Exhibit 99.3

 

Mullen Automotive Inc.

Shareholder Update Video

September 24, 2024

 

Transcript

 

David Michery:

 

Good afternoon Mullen shareholders; with me today is James Jim Taylor, CEO at Bollinger Motors. Jim, thank you for joining me today.

 

As you know, given the poor performance of the company’s stock, we were compelled to do another reverse split to work towards regaining compliance with Nasdaq’s minimum bid price rule. I am very disappointed with the trading price of our stock, which I have consistently said does not represent the value of Mullen. The company has worked hard and has met many important milestones, including:

 

●

we are first to market with two fully certified commercial EV trucks in Class 1 and Class 3 segments

 

●

Mullen owns and operates our own plant in Mississippi and are building and shipping EV’s in both the US and internationally with vehicles going to Europe and now the Middle East.

 

In addition to this, the company continues to pursue many avenues to broaden its sales and distribution channels. We have grown our dealer network here in the US from starting with one dealer on the East Coast to now seven nationally, and we continue to grow, including the recently announced Pape Group, one of the largest commercial dealer groups in the country with major presence across the West Coast. We have conducted over 80 vehicle demos in the last quarter and a wide number of industries and we are also now in Canada with a few different pilots, including with major telecom companies, Bell Canada. Stay tuned for more info.

 

We are making great traction with universities and campuses across the country. We have announced the University of Virginia, Princeton, UNC and soon many, many more, including some well known West Coast schools like UCLA.

 

Other important sectors, we continue to make solid good progress in

 

●

small businesses from local florist shops to healthcare providers delivering supplies.

 

●

Municipalities and local government from Dublin, OH to Raleigh, NC., to Los Angeles and Seattle.

 

●

Large corporations like Sky Chef, serving airports across the country and AAA for important roadside assistance and Enterprise for commercial vehicle rentals.

 

We are also seeing great uptick in last mile package delivery with interest coming in across the country from well known companies, such as Amazon.

 

Overall, these are very exciting segments for us. Our international reach is expanding and we have seen great interest in Eastern Europe where we have established retailers and orders. We also are now in the Middle East, where Volt is very anxious for us to deliver 300 vehicles this year and have committed to 3,000 next year.

 

So as you can see, I will admit we started a little slower than we had hoped as the overall industry has seen a slowdown in EV adoption rate, but we are experiencing widespread interest. Bollinger Motors has also reached many important milestones and I would now like to hand this over to Jim Taylor for further updates.

 

 

 

 

Jim Taylor:

 

Thanks David. Well, Like in Mullen’s commercial case, the most important milestone that needs to be completed is to finish all the engineering and testing required to pass all the compliance regulations, which ultimately allows sales and all the United States. Well, the good news is that is all taking place, including both EPA and California’s CARB requirements, which opens the door to not only sales, but significant incentives as well. Thinking our major milestone was to build a plant to produce the volumes that we expect to sell and again, this has been completed right here in the greater Detroit area. And in fact, we’ll be having our grand opening celebration of the plant’s production of its first salable units this Friday.

 

David Michery:

 

Thank you, Jim. To sum up, the progress we’ve made from a year ago to today we’ve transitioned from pre-revenue product development to revenue generation for Mullen commercial vehicles. Bollinger begins revenue generation with the launch of the Class 4 fully certified electric truck. Our cash burn has been reduced with product priority focus and cash sources in place to support sales growth. We now have three vehicle lines in production, selling and producing positive margins and we have widespread demand for our EV’s from several different customer verticals.

 

Our team continues to work towards meeting milestones and grow in our sales. I remain optimistic that the company will be successful despite the challenges associated with our stock price. On behalf of Mullin Automotive, I would like to thank you for your time today.

 

Forward-Looking Statements

 

Certain statements herein are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained herein that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include whether the Company will be successful in regaining compliance with Nasdaq’s minimum bid rule; the timing of release of the referenced video update whether the pilot programs, outreach and communications with potential customers will result in vehicle sales; the outcome of the Volt Mobility transaction; timing of Bollinger revenue recognition; and how long state and federal electric vehicle incentive programs will continue to apply to electric vehicles and the impact of incentive programs on the resultant price of the Company vehicles.

 

Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; (xi) the vehicles developed will perform as expected and (xii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Mullen Automotive, Inc., with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether because of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen and Bollinger Motors’ plans and expectations as of any subsequent date.

 

 

Cover	Sep. 23, 2024
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 23, 2024
Entity File Number	001-34887
Entity Registrant Name	MULLEN AUTOMOTIVE INC.
Entity Central Index Key	0001499961
Entity Tax Identification Number	86-3289406
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1405 Pioneer Street
Entity Address, City or Town	Brea
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92821
City Area Code	714
Local Phone Number	613-1900
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock, par value $0.001
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	MULN
Security Exchange Name	NASDAQ
Rights to Purchase Series A-1 Junior Participating Preferred Stock
Title of 12(b) Security	Rights to Purchase Series A-1 Junior Participating Preferred Stock
Trading Symbol	None
Security Exchange Name	NASDAQ

---