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Mullen Automotive | 8-K: Entry into a Material Definitive Agreement

Mullen Automotive | 8-K: Entry into a Material Definitive Agreement

Mullen Automotive | 8-K:达成重大最终协议
美股SEC公告 ·  2024/12/09 14:01

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Mullen Automotive has received court approval on December 6, 2024, for settling $20.62 million in outstanding convertible notes through the issuance of common stock or prefunded warrants. The settlement amount represents principal and accrued interest from notes issued under a May 14, 2024 Securities Purchase Agreement.The settlement shares will be priced at the lower of $549.00, 95% of the closing price when the initial registration becomes effective, or 95% of the lowest 5-day VWAP prior to conversion, with a minimum price of $1.16 per share. The issuance is exempt from registration requirements under Section 3(a)(10) of the Securities Act.The agreement includes a 9.9% ownership limitation for creditors and their affiliates. Upon receiving all settlement shares, creditors will release the company from all claims related to the settlement amount. This arrangement resolves existing liabilities without introducing new financing.
Mullen Automotive has received court approval on December 6, 2024, for settling $20.62 million in outstanding convertible notes through the issuance of common stock or prefunded warrants. The settlement amount represents principal and accrued interest from notes issued under a May 14, 2024 Securities Purchase Agreement.The settlement shares will be priced at the lower of $549.00, 95% of the closing price when the initial registration becomes effective, or 95% of the lowest 5-day VWAP prior to conversion, with a minimum price of $1.16 per share. The issuance is exempt from registration requirements under Section 3(a)(10) of the Securities Act.The agreement includes a 9.9% ownership limitation for creditors and their affiliates. Upon receiving all settlement shares, creditors will release the company from all claims related to the settlement amount. This arrangement resolves existing liabilities without introducing new financing.
Mullen Automotive在2024年12月6日获得法院批准,通过发行普通股或预资Warrants来解决2062万美金的未偿还可转换票据。和解金额包括2024年5月14日证券购买协议下发行的票据的本金和累积利息。和解股份的定价将为549.00美元、初步注册生效时收盘价的95%或转换前5天最低VWAP的95%中的较低者,且每股最低价格为1.16美元。根据证券法第3(a)(10)条款,此发行免于注册要求。该协议对债权人及其关联方设定了9.9%的持股限制。在收到所有和解股份后,债权人将释放公司与和解金额相关的所有索赔。该安排在不引入新融资的情况下解决了现有负债。
Mullen Automotive在2024年12月6日获得法院批准,通过发行普通股或预资Warrants来解决2062万美金的未偿还可转换票据。和解金额包括2024年5月14日证券购买协议下发行的票据的本金和累积利息。和解股份的定价将为549.00美元、初步注册生效时收盘价的95%或转换前5天最低VWAP的95%中的较低者,且每股最低价格为1.16美元。根据证券法第3(a)(10)条款,此发行免于注册要求。该协议对债权人及其关联方设定了9.9%的持股限制。在收到所有和解股份后,债权人将释放公司与和解金额相关的所有索赔。该安排在不引入新融资的情况下解决了现有负债。
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