At the Special Meeting on September 9, 2024, Mullen Automotive shareholders approved two significant proposals. The first authorizes a reverse stock split at a ratio between 1-for-2 to 1-for-100, to be determined by the Board. The measure passed with 27.9 million votes in favor versus 10.1 million against.Shareholders also approved an amendment to the company's 2022 Equity Incentive Plan, increasing the available shares for awards by 11 million. The proposal received 24.7 million supporting votes against 4.9 million opposing votes. Additionally, the company issued 4.7 million shares to Esousa Holdings LLC as "Commitment Shares" under a previously announced purchase agreement.As of September 13, 2024, Mullen Automotive reported 179,424,508 total outstanding common shares. The company's voting stock structure includes Common Stock, Series A Preferred Stock (with 1,000 votes per share), and Series C Preferred Stock (voting on an as-converted basis).

At the Special Meeting on September 9, 2024, Mullen Automotive shareholders approved two significant proposals. The first authorizes a reverse stock split at a ratio between 1-for-2 to 1-for-100, to be determined by the Board. The measure passed with 27.9 million votes in favor versus 10.1 million against.Shareholders also approved an amendment to the company's 2022 Equity Incentive Plan, increasing the available shares for awards by 11 million. The proposal received 24.7 million supporting votes against 4.9 million opposing votes. Additionally, the company issued 4.7 million shares to Esousa Holdings LLC as "Commitment Shares" under a previously announced purchase agreement.As of September 13, 2024, Mullen Automotive reported 179,424,508 total outstanding common shares. The company's voting stock structure includes Common Stock, Series A Preferred Stock (with 1,000 votes per share), and Series C Preferred Stock (voting on an as-converted basis).