Mullen Automotive Inc. has issued a prospectus supplement on August 23, 2024, to amend the 'Selling Stockholders' section of its prospectus dated August 2, 2024. The amendment reflects the assignment of warrants to purchase shares of Mullen Automotive's Common Stock from Esousa Group Holdings, LLC to Acuitas Capital LLC. The supplement, which should be read in conjunction with the original prospectus, pertains to the resale of 85,000,000 shares of Common Stock issuable upon the exercise of convertible notes and warrants. The company's Common Stock is traded on The Nasdaq Capital Market under the symbol 'MULN', with the last reported sale price being $0.3355 per share as of August 23, 2024. The prospectus supplement also includes a warning about the high degree of risk involved in investing...Show More

Mullen Automotive Inc. has issued a prospectus supplement on August 23, 2024, to amend the 'Selling Stockholders' section of its prospectus dated August 2, 2024. The amendment reflects the assignment of warrants to purchase shares of Mullen Automotive's Common Stock from Esousa Group Holdings, LLC to Acuitas Capital LLC. The supplement, which should be read in conjunction with the original prospectus, pertains to the resale of 85,000,000 shares of Common Stock issuable upon the exercise of convertible notes and warrants. The company's Common Stock is traded on The Nasdaq Capital Market under the symbol 'MULN', with the last reported sale price being $0.3355 per share as of August 23, 2024. The prospectus supplement also includes a warning about the high degree of risk involved in investing in the company's securities and advises investors to consider the 'Risk Factors' detailed in the prospectus and the company's SEC filings. The supplement further updates the beneficial ownership information of the Selling Stockholders, including the number of shares owned prior to the offering, the maximum number of shares to be offered, and the ownership percentage after the offering, with all Selling Stockholders expected to own 0% following the sale of their shares.