Mullen Automotive Inc (NASDAQ:MULN) shares are trading higher Tuesday after the company received a $150 million capital infusion.
What Happened: Mullen on Tuesday announced that it received commitments for $100 million in financing from a family office. Additionally, the company said it sold up to $50 million of senior secured convertible notes to family offices and high net worth investors. The company sold such investors $12.5 million in notes on May 14.
Mullen said it expects the new financing commitments to generate enough cash and cash equivalents to fund operations over the next 13 months for both Mullen and Bollinger Motors, including Bollinger Motors B4 vehicle production.
Mullen may also be getting a lift Tuesday following reports suggesting President Joe Biden will implement tariff hikes across electric vehicles, solar panels and batteries to protect American industries from unfair competition. The report indicates that Biden plans to quadruple tariffs on imported Chinese electric vehicles from 25% to 100% this year.
It's worth noting that several stocks with high short interest are rallying Tuesday amid the return of trader "Roaring Kitty" to social media. Keith Gill, best known as "Roaring Kitty" on YouTube and X or "DeepF***ingValue" on Reddit, took to X over the weekend, posting a meme of a person leaning forward in a chair, which sparked a rally in GameStop and other heavily shorted stocks.
Mullen is ranked fifth on Fintel's short squeeze leaderboard, which uses quantitative models to track companies that have the highest likelihood of experiencing a short squeeze. According to data from Benzinga Pro, 24.21% of Mullen's float is currently sold short.
MULN Price Action: Mullen Automotive shares were up 10% at $6.36 at the time of publication, according to Benzinga Pro.
馬倫汽車公司(納斯達克股票代碼:MULN)週二股價走高,此前該公司獲得了1.5億美元的注資。
發生了什麼:馬倫週二宣佈,它收到了家族辦公室的1億美元融資承諾。此外,該公司表示,已向家族辦公室和高淨值投資者出售了高達5000萬美元的優先有擔保可轉換票據。該公司於5月14日向這些投資者出售了1,250萬美元的票據。
馬倫表示,預計新的融資承諾將產生足夠的現金和現金等價物,爲馬倫和布林格汽車公司未來13個月的運營提供資金,包括布林格汽車B4汽車的生產。
馬倫週二也可能獲得提振,此前有報道稱喬·拜登總統將對電動汽車、太陽能電池板和電池實施關稅上調,以保護美國工業免受不公平競爭。該報告顯示,拜登計劃今年將進口的中國電動汽車的關稅從25%提高到100%。
值得注意的是,隨着交易員 “Roaring Kitty” 重返社交媒體,幾隻高空頭利率的股票週二上漲。基思·吉爾最出名的是YouTube上的 “Roaring Kitty”,在Reddit上被稱爲 “X或” deepf***ingValue”,他在週末發佈了一個人靠在椅子上向前傾斜的模因,這引發了GameStop和其他大量做空股票的反彈。
馬倫在Fintel的空頭擠壓排行榜上排名第五,該排行榜使用量化模型來追蹤出現空頭擠壓可能性最高的公司。根據Benzinga Pro的數據,馬倫目前有24.21%的股票被賣空。
MULN價格走勢:根據Benzinga Pro的數據,在發佈時,馬倫汽車股價上漲了10%,至6.36美元。