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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系列優先股權利、優先權和特權指定證書及和解協議和免責聲明
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.宣佈通過發行價值約1490萬美元的E系列優先股向持有C系列優先股的Ault Lending,LLC,解決和取消了其C系列優先股。交易並非新融資。根據公司8-K表中詳細描述的權利和偏好,E系列優先股可轉換爲普通股,並在某些條件下可交換成債券和認股權證。此外,Mullen Automotive通過與Silverback Capital Corporation簽署協議,解決了與不同供應商的過期債務,發行普通股以償還共計4623655美元。公司還爲E系列優先股提交了指定證書,概述了持有人的權利和偏好。這些公司行動在《證券法》下豁免註冊,並在公司向證監會提交的文件中有詳細說明。
2024年5月31日,Mullen Automotive Inc.宣佈通過發行價值約1490萬美元的E系列優先股向持有C系列優先股的Ault Lending,LLC,解決和取消了其C系列優先股。交易並非新融資。根據公司8-K表中詳細描述的權利和偏好,E系列優先股可轉換爲普通股,並在某些條件下可交換成債券和認股權證。此外,Mullen Automotive通過與Silverback Capital Corporation簽署協議,解決了與不同供應商的過期債務,發行普通股以償還共計4623655美元。公司還爲E系列優先股提交了指定證書,概述了持有人的權利和偏好。這些公司行動在《證券法》下豁免註冊,並在公司向證監會提交的文件中有詳細說明。
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