On December 12, 2024, Mullen Automotive issued $4.4 million in 5% Original Issue Discount Senior Secured Notes, convertible into common stock, along with five-year warrants for 16,862 shares. This issuance is part of a previously disclosed Securities Purchase Agreement from May 14, 2024, not a new financing.The Notes have a four-month maturity and were issued with a 5% original issue discount, bringing the total to $4.6 million. Concurrently, Mullen entered into an Additional Investment Rights Agreement, granting investors the option to purchase up to $4.6 million in additional convertible notes and related warrants over the next year, ending December 12, 2025.The securities were issued under a Section 4(a)(2) exemption from the Securities Act registration requirements. This transaction demonstrates Mullen's continued ability to secure funding through convertible instruments, potentially impacting its capital structure and liquidity position.

On December 12, 2024, Mullen Automotive issued $4.4 million in 5% Original Issue Discount Senior Secured Notes, convertible into common stock, along with five-year warrants for 16,862 shares. This issuance is part of a previously disclosed Securities Purchase Agreement from May 14, 2024, not a new financing.The Notes have a four-month maturity and were issued with a 5% original issue discount, bringing the total to $4.6 million. Concurrently, Mullen entered into an Additional Investment Rights Agreement, granting investors the option to purchase up to $4.6 million in additional convertible notes and related warrants over the next year, ending December 12, 2025.The securities were issued under a Section 4(a)(2) exemption from the Securities Act registration requirements. This transaction demonstrates Mullen's continued ability to secure funding through convertible instruments, potentially impacting its capital structure and liquidity position.