Gronghui, October 21丨Mullen Automotive (MULN.US) closed sharply up 57.12% this Wednesday (19th), and continued to rise 3.09% yesterday (20th). Today, US stocks rose again before the market, rising 3.25% to $0.361.
The company recently stated that the US District Bankruptcy Court of Delaware has issued an order approving the sale of certain bankruptcy assets of Electric Last Mile and Electric Last Mile Solutions to the company. The order involved the sale of certain assets for approximately $55 million and the assumption and transfer of contracts and related liabilities (valued at $37 million).
“After completing the Elms deal, the company will be able to strategically use all of its acquired assets to shorten its production path and actively enter the commercial and consumer electric vehicle markets,” said David Micheli, CEO of the company.