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Mullen Automotive | 8-K: Entered into an Additional Investment Rights Agreement

Mullen Automotive | 8-K: Entered into an Additional Investment Rights Agreement

Mullen Automotive | 8-K：签订附加投资权利协议
美股SEC公告 ·  01/02 16:18

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Mullen Automotive issued $9.5M in convertible notes and warrants on Dec 26, 30, and 31, 2024, under an existing Securities Purchase Agreement from May 14, 2024. The issuance includes $5.3M in 5% Original Issue Discount Senior Secured Notes convertible to common stock, and warrants for 19,171 shares. An Additional Investment Rights Agreement allows the investor to purchase up to $5.3M more in notes and warrants by Dec 31, 2025.The notes mature in 4 months and are convertible at the lower of $1.02, 95% of closing price on registration effectiveness, or 95% of lowest 5-day VWAP, with a $0.86 floor. Warrants have a $1.12 exercise price with a $1.00 cashless exercise floor. The securities were issued under a Section 4(a)(2) exemption from registration.Separately, Mullen settled a derivative action filed Aug 1, 2022, agreeing to governance enhancements and $500,000 in attorney fees paid by D&O insurers, subject to court approval.
Mullen Automotive issued $9.5M in convertible notes and warrants on Dec 26, 30, and 31, 2024, under an existing Securities Purchase Agreement from May 14, 2024. The issuance includes $5.3M in 5% Original Issue Discount Senior Secured Notes convertible to common stock, and warrants for 19,171 shares. An Additional Investment Rights Agreement allows the investor to purchase up to $5.3M more in notes and warrants by Dec 31, 2025.The notes mature in 4 months and are convertible at the lower of $1.02, 95% of closing price on registration effectiveness, or 95% of lowest 5-day VWAP, with a $0.86 floor. Warrants have a $1.12 exercise price with a $1.00 cashless exercise floor. The securities were issued under a Section 4(a)(2) exemption from registration.Separately, Mullen settled a derivative action filed Aug 1, 2022, agreeing to governance enhancements and $500,000 in attorney fees paid by D&O insurers, subject to court approval.
马伦汽车在2024年12月26日、30日和31日发行了950万美元的可转换票据和Warrants，依据2024年5月14日现有的证券购买协议。此次发行包括530万美元的5%原始发行折扣高级担保票据，可转换为普通股，以及19,171股的Warrants。额外投资权协议允许投资者在2025年12月31日前再购买最多530万美元的票据和Warrants。这些票据在4个月内到期，可按1.02美元、注册生效时收盘价的95%或最低5天VWAP的95%中较低者转换，附带0.86美元的底线。Warrants的行使价格为1.12美元，现金无偿行使底线为1.00美元。这些证券是在4(a)(2)节注册豁免下发行的。另外，马伦解决了2022年8月1日提起的衍生诉讼，同意改进治理并支付50万美元的律师费，由D&O保险商承担，需经法院批准。
马伦汽车在2024年12月26日、30日和31日发行了950万美元的可转换票据和Warrants，依据2024年5月14日现有的证券购买协议。此次发行包括530万美元的5%原始发行折扣高级担保票据，可转换为普通股，以及19,171股的Warrants。额外投资权协议允许投资者在2025年12月31日前再购买最多530万美元的票据和Warrants。这些票据在4个月内到期，可按1.02美元、注册生效时收盘价的95%或最低5天VWAP的95%中较低者转换，附带0.86美元的底线。Warrants的行使价格为1.12美元，现金无偿行使底线为1.00美元。这些证券是在4(a)(2)节注册豁免下发行的。另外，马伦解决了2022年8月1日提起的衍生诉讼，同意改进治理并支付50万美元的律师费，由D&O保险商承担，需经法院批准。
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