Summary by Futu AI
Mullen Automotive Inc., a Delaware corporation, has filed a prospectus related to the resale of up to 350,000,000 shares of its common stock. These shares are associated with the conversion of convertible notes and the exercise of warrants as detailed in the company's Private Placement of Notes and Warrants section. The Selling Stockholders listed in the prospectus may sell the Offered Shares at varying prices and through different methods, including on the Nasdaq Capital Market where Mullen's common stock is listed under the symbol 'MULN'. The company will not receive proceeds from the sales by the Selling Stockholders, except for any cash exercise of the warrants. The prospectus also outlines the potential risks involved in investing in the securities and includes information about Mullen's smaller reporting company status, which allows for reduced public company reporting requirements. The date of the prospectus is September 13, 2024.