Summary by Futu AI
Mullen Automotive Inc. has been the subject of a recent Schedule 13G/A filing with the United States Securities and Exchange Commission (SEC), indicating a change in ownership by certain parties. The filing, dated December 31, 2023, was submitted by Esousa Holdings LLC and Michael Wachs, collectively referred to as the Reporting Persons. Esousa Holdings LLC reported ownership of 334,223 shares of Mullen Automotive's common stock, representing 5.1% of the company, while Michael Wachs reported beneficial ownership of 445,140 shares, or 6.8% of the class. The shares are held by Esousa Holdings LLC and the 2022 Michael Wachs Dynasty Trust. The filing indicates that the shares were not acquired for the purpose of changing or influencing the control of Mullen Automotive. The percentage calculations are based on 6,552,470 shares of common stock outstanding as of February 9, 2024. The filing was certified by Michael Wachs, the Managing Member of Esousa Holdings LLC, on February 20, 2024.