Mullen Automotive Inc. reported on October 1, 2024, that it had entered into a financial transaction involving the sale of senior secured notes and warrants to certain investors. This transaction occurred on September 25 and 27, 2024, as part of a previously arranged Securities Purchase Agreement dated May 14, 2024. The agreement, which was detailed in the company's Quarterly Report on Form 10-Q filed on the same date, allowed investors to partially exercise an additional investment right. They purchased approximately $12.5 million in principal amount of 5% Original Issue Discount Senior Secured Notes, convertible into common stock at $0.001 par value, and received warrants for 46,664 shares of common stock. These securities were issued under an exemption from registration, indicating a private offering. The terms of the notes and warrants are consistent with those outlined in the May 14 report.

Mullen Automotive Inc. reported on October 1, 2024, that it had entered into a financial transaction involving the sale of senior secured notes and warrants to certain investors. This transaction occurred on September 25 and 27, 2024, as part of a previously arranged Securities Purchase Agreement dated May 14, 2024. The agreement, which was detailed in the company's Quarterly Report on Form 10-Q filed on the same date, allowed investors to partially exercise an additional investment right. They purchased approximately $12.5 million in principal amount of 5% Original Issue Discount Senior Secured Notes, convertible into common stock at $0.001 par value, and received warrants for 46,664 shares of common stock. These securities were issued under an exemption from registration, indicating a private offering. The terms of the notes and warrants are consistent with those outlined in the May 14 report.