Summary by Futu AI
Mullen Automotive Inc., a company incorporated in Delaware and listed on the Nasdaq Capital Market under the trading symbol MULN, has reported the issuance of equity securities in a Current Report on Form 8-K filed with the SEC. On August 27, 2024, Mullen Automotive issued 13,816,105 shares of common stock to Esousa Holdings LLC as 'Commitment Shares' under a Purchase Agreement dated May 21, 2024. This transaction was exempt from registration under Section 4(a)(2) of the Securities Act, with the investor confirming accredited status. Additionally, between August 12 and 21, 2024, Mullen Automotive issued 3,714,515 shares of common stock to Silverback Capital Corporation in accordance with a Settlement Agreement dated May 13, 2024. This issuance was also exempt from registration, approved by a court under Section 3(a)(10) of the Securities Act. As of August 29, 2024, Mullen Automotive has 158,909,504 shares of common stock issued and outstanding.