BREA, Calif., Sept. 09, 2022 (GLOBE NEWSWIRE) — by way of InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an rising electrical automobile (“EV”) producer, points a response to shareholders immediately concerning its current majority acquisition of Bollinger Motors, Inc.
David Michery, CEO and chairman of Mullen Automotive stated, “All cash and stock required to close the Bollinger transaction on Sept. 7, 2022, has been funded or placed in escrow as required by the transaction documents. We are excited about the opportunities this acquisition brings and look forward to updating our shareholders with the positive outcomes resulting from this transaction.”
For extra data concerning the transaction, please refer to the Current Report on Form 8K filed with the Securities and Exchange Commission on Sept. 8, 2022.
About Mullen
Mullen Automotive is a Southern California-based automotive firm constructing the next-generation of premium electrical autos (EVs) which are reasonably priced and constructed completely within the United States. With an end-to-end ecosystem that helps homeowners from check driving to financing and servicing via a singular hybrid dealership mannequin, prospects are supported via each side of EV possession. The Mullen FIVE, the corporate’s first electrical crossover, is slated for supply in 2024 and options an award-winning design and its patented PERSONA expertise that makes use of facial recognition to personalize the driving expertise for each particular person. To be taught extra concerning the firm, go to www.MullenUSA.com.
About Bollinger Motors
Founded in 2015 by Robert Bollinger, Bollinger Motors is a U.S.-based firm, headquartered in Oak Park, Michigan. Bollinger Motors manufactures all-electric platforms and chassis cabs for industrial autos in Classes 3-6. To be taught extra concerning the firm, go to www.BollingerMotors.com.
Forward-Looking Statements
Certain statements on this press launch that aren’t historic information are forward-looking statements inside the which means of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained on this press launch that aren’t statements of historic reality could also be deemed forward-looking statements. Words similar to “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and related expressions are meant to determine such forward-looking statements. All forward-looking statements contain important dangers and uncertainties that might trigger precise outcomes to differ materially from these expressed or implied within the forward-looking statements, lots of that are typically exterior the management of Mullen and are troublesome to predict. Examples of such dangers and uncertainties embody however will not be restricted to whether or not the Bollinger majority possession acquisition shall be useful to the Company and whether or not there shall be constructive outcomes to report to shareholders. Further examples of such dangers and uncertainties embody however will not be restricted to: (i) Mullen’s potential (or incapacity) to acquire extra financing in ample quantities or on acceptable phrases when wanted; (ii) Mullen’s potential to keep current, and safe extra, contracts with producers, elements and different service suppliers relating to its business; (iii) Mullen’s potential to efficiently increase in current markets and enter new markets; (iv) Mullen’s potential to efficiently handle and combine any acquisitions of companies, options or applied sciences; (v) unanticipated working prices, transaction prices and precise or contingent liabilities; (vi) the power to appeal to and retain certified staff and key personnel; (vii) hostile results of elevated competitors on Mullen’s business; (viii) modifications in authorities licensing and regulation which will adversely have an effect on Mullen’s business; (ix) the chance that modifications in client conduct may adversely have an effect on Mullen’s business; (x) Mullen’s potential to shield its mental property; and (xi) native, business and basic business and financial circumstances. Additional components that might trigger precise outcomes to differ materially from these expressed or implied within the forward-looking statements may be present in the latest annual report on Form 10-Ok, quarterly reviews on Form 10-Q and present reviews on Form 8-Ok filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent occasions and developments might trigger its plans, intentions and expectations to change. Mullen assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as expressly required by regulation. Forward-looking statements converse solely as of the date they’re made and shouldn’t be relied upon as representing Mullen’s plans and expectations as of any subsequent date.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]
