Mullen Automotive Inc., a company incorporated in Delaware and based in Brea, California, has filed a Form D Notice of Exempt Offering of Securities with the United States Securities and Exchange Commission (SEC). The filing indicates a new notice with the date of the first sale yet to occur, proposing an equity offering amounting to $156 million USD. The offering is made under Rule 506(b) of the Securities Act, which allows for an unlimited number of accredited investors and up to 35 non-accredited investors in a private placement, without general solicitation or advertising. The form lists several related persons, including CEO David Michery, who are executive officers and/or directors of the company. Mullen Automotive operates within the manufacturing industry group...Show More

Mullen Automotive Inc., a company incorporated in Delaware and based in Brea, California, has filed a Form D Notice of Exempt Offering of Securities with the United States Securities and Exchange Commission (SEC). The filing indicates a new notice with the date of the first sale yet to occur, proposing an equity offering amounting to $156 million USD. The offering is made under Rule 506(b) of the Securities Act, which allows for an unlimited number of accredited investors and up to 35 non-accredited investors in a private placement, without general solicitation or advertising. The form lists several related persons, including CEO David Michery, who are executive officers and/or directors of the company. Mullen Automotive operates within the manufacturing industry group, specifically in the automotive sector. The company has declined to disclose its revenue range or aggregate net asset value. No sales commissions or finders' fees are associated with the offering, and the minimum investment accepted from any outside investor is $0 USD. The proceeds from the offering are not intended to be used for payments to any executive officers, directors, or promoters.