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Greencarnewsbreaks - Mullen Automotive Inc.'S (NASDAQ: MULN) Inks Agreement With NAFG, Board Adopts Limited Duration Stockholder Rights Plan
In addition, Mullen announced that its board of directors unanimously adopted a limited duration stockholder rights plan. The announcement noted that the rights agreement is not a financing transaction and no additional shares of common stock or preferred stock or warrants or convertible notes are currently being issued in connection with the agreement. According to the announcement, the plan is designed to promote the fair and equal treatment of all stockholders and is much like rights plans adopted by other publicly held companies. Effective immediately, the plan will expire on May 1, 2025.
To view the full press releases, visit
and
About Mullen Automotive Inc.
Mullen Automotive is a Southern California-based automotive company building the next generation of commercial electric vehicles ("EVs") at its 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 United States. To learn more about the company, visit
.
NOTE TO INVESTORS:
The latest news and updates relating to MULN are available in the company's newsroom at
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