Summary by Futu AI
The United States Securities and Exchange Commission (SEC) has declared the Form S-1 filed by Mullen Automotive Inc. effective as of May 29, 2024, at 12:00 P.M. The Form S-1 is a registration statement that companies must file with the SEC before they can proceed with the sale of securities to the public. This step is a significant milestone for Mullen Automotive, indicating that the company has met the necessary regulatory requirements to move forward with its public offering.