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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:簽訂附加投資權利協議
美股SEC公告 ·  01/03 06:18

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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.
馬倫汽車在2024年12月26日、30日和31日發行了950萬美元的可轉換票據和Warrants,依據2024年5月14日現有的證券購買協議。此次發行包括530萬美元的5%原始發行折扣高級擔保票據,可轉換爲普通股,以及19,171股的Warrants。額外投資權協議允許投資者在2025年12月31日前再購買最多530萬美元的票據和Warrants。這些票據在4個月內到期,可按1.02美元、註冊生效時收盤價的95%或最低5天VWAP的95%中較低者轉換,附帶0.86美元的底線。Warrants的行使價格爲1.12美元,現金無償行使底線爲1.00美元。這些證券是在4(a)(2)節註冊豁免下發行的。另外,馬倫解決了2022年8月1日提起的衍生訴訟,同意改進治理並支付50萬美元的律師費,由D&O保險商承擔,需經法院批准。
馬倫汽車在2024年12月26日、30日和31日發行了950萬美元的可轉換票據和Warrants,依據2024年5月14日現有的證券購買協議。此次發行包括530萬美元的5%原始發行折扣高級擔保票據,可轉換爲普通股,以及19,171股的Warrants。額外投資權協議允許投資者在2025年12月31日前再購買最多530萬美元的票據和Warrants。這些票據在4個月內到期,可按1.02美元、註冊生效時收盤價的95%或最低5天VWAP的95%中較低者轉換,附帶0.86美元的底線。Warrants的行使價格爲1.12美元,現金無償行使底線爲1.00美元。這些證券是在4(a)(2)節註冊豁免下發行的。另外,馬倫解決了2022年8月1日提起的衍生訴訟,同意改進治理並支付50萬美元的律師費,由D&O保險商承擔,需經法院批准。
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