Mullen Automotive, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on June 25, 2024, for the sale of common stock by a selling shareholder, Esousa Holdings, LLC. The shares are to be offered by Esousa Holdings, which may sell the stock from time to time in various transactions, including on the open market or through negotiated transactions. The transactions may involve brokers or dealers who act as agents, and the prices may vary based on market conditions. The registration statement includes a prospectus that provides details on the terms of the offering, the use of proceeds, and the risks involved. Mullen Automotive will not receive any proceeds from the sale of the shares by Esousa...Show More

Mullen Automotive, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on June 25, 2024, for the sale of common stock by a selling shareholder, Esousa Holdings, LLC. The shares are to be offered by Esousa Holdings, which may sell the stock from time to time in various transactions, including on the open market or through negotiated transactions. The transactions may involve brokers or dealers who act as agents, and the prices may vary based on market conditions. The registration statement includes a prospectus that provides details on the terms of the offering, the use of proceeds, and the risks involved. Mullen Automotive will not receive any proceeds from the sale of the shares by Esousa Holdings. The offering will allow Esousa Holdings to sell up to 75,000,000 shares of Mullen Automotive's common stock, which were acquired through a previous agreement. The sale of these shares is subject to market conditions and the registration statement becoming effective. Mullen Automotive has agreed to indemnify Esousa Holdings against certain liabilities that may arise from the offering.