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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:達成重大最終協議
美股SEC公告 ·  2024/12/09 22:01

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On December 6, 2024, Mullen Automotive received court approval to settle $20,623,013 in outstanding liabilities from existing convertible notes through the issuance of common stock or prefunded warrants. The settlement, effective upon court order, resolves all claims related to the notes issued on May 14, 2024.The settlement shares will be priced at the lower of $549.00, 95% of the closing price on the initial registration statement's effective date, or 95% of the lowest 5-day VWAP prior to conversion, with a minimum price of $1.16 per share. Issuance is subject to a 9.9% beneficial ownership limitation for each creditor.This arrangement, executed under Section 3(a)(10) of the Securities Act, allows Mullen to settle its debt without new financing. The company will issue unregistered equity securities, exempt from registration requirements, in exchange for the outstanding claims as approved by the court.
On December 6, 2024, Mullen Automotive received court approval to settle $20,623,013 in outstanding liabilities from existing convertible notes through the issuance of common stock or prefunded warrants. The settlement, effective upon court order, resolves all claims related to the notes issued on May 14, 2024.The settlement shares will be priced at the lower of $549.00, 95% of the closing price on the initial registration statement's effective date, or 95% of the lowest 5-day VWAP prior to conversion, with a minimum price of $1.16 per share. Issuance is subject to a 9.9% beneficial ownership limitation for each creditor.This arrangement, executed under Section 3(a)(10) of the Securities Act, allows Mullen to settle its debt without new financing. The company will issue unregistered equity securities, exempt from registration requirements, in exchange for the outstanding claims as approved by the court.
2024年12月6日,穆倫汽車公司獲得法院批准,通過發行普通股或預資助Warrants來解決20623013美元的未償債務。這項結算將在法院命令生效後生效,解決與2024年5月14日發行的可轉換票據相關的所有索賠。結算股份的定價爲549.00美元、初始註冊聲明生效日期收盤價的95%或轉換前最低5天VWAP的95%中的最低者,每股最低價格爲1.16美元。發行需遵循每位債權人9.9%的持股限制。根據《證券法》第3(a)(10)條執行的這項安排,允許穆倫在無需新的融資情況下解決其債務。公司將發行不註冊的股權證券,免於註冊要求,以換取法院批准的未償索賠。
2024年12月6日,穆倫汽車公司獲得法院批准,通過發行普通股或預資助Warrants來解決20623013美元的未償債務。這項結算將在法院命令生效後生效,解決與2024年5月14日發行的可轉換票據相關的所有索賠。結算股份的定價爲549.00美元、初始註冊聲明生效日期收盤價的95%或轉換前最低5天VWAP的95%中的最低者,每股最低價格爲1.16美元。發行需遵循每位債權人9.9%的持股限制。根據《證券法》第3(a)(10)條執行的這項安排,允許穆倫在無需新的融資情況下解決其債務。公司將發行不註冊的股權證券,免於註冊要求,以換取法院批准的未償索賠。
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