Mullen Automotive Inc., a Delaware corporation, has announced a Special Meeting of Stockholders scheduled for July 9, 2024, to seek approval for several key proposals in compliance with Nasdaq Listing Rule 5635(d). The meeting will be held virtually, with stockholders invited to attend and vote online. The proposals include the issuance of common stock exceeding the 19.99% share cap pursuant to senior secured convertible notes and related warrants, the potential issuance and sale of common stock exceeding the 19.99% share cap pursuant to a Common Stock Purchase Agreement with an equity line investor, and the approval to adjourn the meeting if necessary. The Board of Directors has set June 3, 2024, as the record date for determining stockholders entitled to vote. The proxy materials will be...Show More

Mullen Automotive Inc., a Delaware corporation, has announced a Special Meeting of Stockholders scheduled for July 9, 2024, to seek approval for several key proposals in compliance with Nasdaq Listing Rule 5635(d). The meeting will be held virtually, with stockholders invited to attend and vote online. The proposals include the issuance of common stock exceeding the 19.99% share cap pursuant to senior secured convertible notes and related warrants, the potential issuance and sale of common stock exceeding the 19.99% share cap pursuant to a Common Stock Purchase Agreement with an equity line investor, and the approval to adjourn the meeting if necessary. The Board of Directors has set June 3, 2024, as the record date for determining stockholders entitled to vote. The proxy materials will be available at www.proxyvote.com, and stockholders are encouraged to vote by proxy even if they plan to attend the virtual meeting. The Board recommends voting in favor of all proposals. The proposals are non-routine, and abstentions or broker non-votes will have the same effect as votes against the proposals. The meeting's outcome will significantly impact Mullen Automotive's ability to raise additional capital and implement its business plans.