Mullen Automotive Inc. has filed with the U.S. Securities and Exchange Commission (SEC) on October 4, 2024, for the registration of shares of common stock. This registration allows for the resale of these shares by the holders, known as the Selling Stockholders, from time to time after the date of the prospectus. The registration statement is part of a broader strategy that includes the issuance of securities such as convertible notes and warrants, which can be converted into common stock. The company has entered into various agreements, including a securities purchase agreement with investors for the sale of convertible notes and warrants, and a common stock purchase agreement with Esousa Holdings LLC. These financial instruments are part of Mullen Automotive's...Show More

Mullen Automotive Inc. has filed with the U.S. Securities and Exchange Commission (SEC) on October 4, 2024, for the registration of shares of common stock. This registration allows for the resale of these shares by the holders, known as the Selling Stockholders, from time to time after the date of the prospectus. The registration statement is part of a broader strategy that includes the issuance of securities such as convertible notes and warrants, which can be converted into common stock. The company has entered into various agreements, including a securities purchase agreement with investors for the sale of convertible notes and warrants, and a common stock purchase agreement with Esousa Holdings LLC. These financial instruments are part of Mullen Automotive's efforts to raise capital for its operations and potential acquisitions. The registration statement also includes details on the company's rights agreement and the designation of Series A-1 Junior Participating Preferred Stock. The company will not receive any proceeds from the sale of shares by the Selling Stockholders but may benefit from the exercise of warrants. The shares may be sold through various methods, including direct sales or through broker-dealers or agents. The registration statement also outlines the company's indemnification agreements for directors, officers, and controlling persons against certain liabilities.