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Mullen Automotive | 8-K: Certificate of Designation of Rights, Preferences and Privileges of Series E Preferred Stock of Mullen Automotive Inc and Settlement Agreement and Release

Mullen Automotive | 8-K: Certificate of Designation of Rights, Preferences and Privileges of Series E Preferred Stock of Mullen Automotive Inc and Settlement Agreement and Release

Mullen Automotive | 8-K：Mullen Automotive E系列优先股权利、优先权和特权指定证书及和解协议和免责声明
美股SEC公告 ·  06/06 17:22

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On May 31, 2024, Mullen Automotive Inc. announced the settlement and cancellation of its Series C Preferred Stock with a redemption value of approximately $14.9 million. This was achieved through the issuance of $3.0 million of Series E Preferred Stock to Ault Lending, LLC, which held the Series C Preferred Stock. The transaction did not constitute new financing. The Series E Preferred Stock, with rights and preferences detailed in the company's Form 8-K, is convertible into common stock and may be exchanged for Notes and Warrants under certain conditions. Additionally, Mullen Automotive resolved overdue liabilities with different vendors by entering into an agreement with Silverback Capital Corporation, which resulted in the issuance of common stock to settle an aggregate of $4,623,655. The company also filed a certificate of designation for the Series E Preferred Stock, outlining the rights and preferences of the holders. These corporate actions were exempt from registration under the Securities Act and were detailed in the company's filings with the SEC.
On May 31, 2024, Mullen Automotive Inc. announced the settlement and cancellation of its Series C Preferred Stock with a redemption value of approximately $14.9 million. This was achieved through the issuance of $3.0 million of Series E Preferred Stock to Ault Lending, LLC, which held the Series C Preferred Stock. The transaction did not constitute new financing. The Series E Preferred Stock, with rights and preferences detailed in the company's Form 8-K, is convertible into common stock and may be exchanged for Notes and Warrants under certain conditions. Additionally, Mullen Automotive resolved overdue liabilities with different vendors by entering into an agreement with Silverback Capital Corporation, which resulted in the issuance of common stock to settle an aggregate of $4,623,655. The company also filed a certificate of designation for the Series E Preferred Stock, outlining the rights and preferences of the holders. These corporate actions were exempt from registration under the Securities Act and were detailed in the company's filings with the SEC.
2024年5月31日，Mullen Automotive Inc.宣布通过发行价值约1490万美元的E系列优先股向持有C系列优先股的Ault Lending，LLC，解决和取消了其C系列优先股。交易并非新融资。根据公司8-K表中详细描述的权利和偏好，E系列优先股可转换为普通股，并在某些条件下可交换成债券和认股权证。此外，Mullen Automotive通过与Silverback Capital Corporation签署协议，解决了与不同供应商的过期债务，发行普通股以偿还共计4623655美元。公司还为E系列优先股提交了指定证书，概述了持有人的权利和偏好。这些公司行动在《证券法》下豁免注册，并在公司向证监会提交的文件中有详细说明。
2024年5月31日，Mullen Automotive Inc.宣布通过发行价值约1490万美元的E系列优先股向持有C系列优先股的Ault Lending，LLC，解决和取消了其C系列优先股。交易并非新融资。根据公司8-K表中详细描述的权利和偏好，E系列优先股可转换为普通股，并在某些条件下可交换成债券和认股权证。此外，Mullen Automotive通过与Silverback Capital Corporation签署协议，解决了与不同供应商的过期债务，发行普通股以偿还共计4623655美元。公司还为E系列优先股提交了指定证书，概述了持有人的权利和偏好。这些公司行动在《证券法》下豁免注册，并在公司向证监会提交的文件中有详细说明。
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