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Mullen Automotive | S-1: General form for registration of securities under the Securities Act of 1933

Mullen Automotive | S-1: General form for registration of securities under the Securities Act of 1933

Mullen Automotive | S-1:证券上市注册声明
美股sec公告 ·  07/26 17:29
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Mullen Automotive Inc., a Delaware-based electric vehicle company, has announced a series of financial transactions involving the issuance of unregistered securities. Notably, the company entered into a Securities Purchase Agreement on May 14, 2024, with certain investors to sell $52.6 million of 5% Original Issue Discount Senior Secured Notes and accompanying five-year Warrants convertible into shares of Common Stock. The initial purchase of $13.2 million in Notes and Warrants was followed by an additional $39.5 million obligation upon the satisfaction of specific conditions. Furthermore, Mullen Automotive entered into an Equity Line of Credit Purchase Agreement with Esousa Holdings LLC, allowing Esousa to purchase up to $150 million in shares of Common Stock. Additionally, a Settlement Agreement with Ault Lending, LLC led to the issuance of Series E Preferred Stock in exchange for the cancellation of Series C Preferred Stock. These strategic financial moves are aimed at bolstering Mullen Automotive's capital structure and supporting its ongoing operations and development of electric vehicles.
Mullen Automotive Inc., a Delaware-based electric vehicle company, has announced a series of financial transactions involving the issuance of unregistered securities. Notably, the company entered into a Securities Purchase Agreement on May 14, 2024, with certain investors to sell $52.6 million of 5% Original Issue Discount Senior Secured Notes and accompanying five-year Warrants convertible into shares of Common Stock. The initial purchase of $13.2 million in Notes and Warrants was followed by an additional $39.5 million obligation upon the satisfaction of specific conditions. Furthermore, Mullen Automotive entered into an Equity Line of Credit Purchase Agreement with Esousa Holdings LLC, allowing Esousa to purchase up to $150 million in shares of Common Stock. Additionally, a Settlement Agreement with Ault Lending, LLC led to the issuance of Series E Preferred Stock in exchange for the cancellation of Series C Preferred Stock. These strategic financial moves are aimed at bolstering Mullen Automotive's capital structure and supporting its ongoing operations and development of electric vehicles.
新能源车制造商Mullen Automotive Inc.宣布了一系列涉及未注册证券发行的金融交易。值得注意的是,该公司于2024年5月14日与特定投资者达成了证券购买协议,出售了5260万美元的5%原始发行折扣优先担保票据以及附带的五年期权转换为普通股。最初的1320万美元票据和期权购买后,还要在特定条件满足后承担额外的3950万美元债务。此外,Mullen Automotive与Esousa Holdings LLC签订了一项股权授信购买协议,允许Esousa购买高达1.5亿美元的普通股。此外,与Ault Lending,LLC的和解协议导致发行了E系列优先股以交换取消的C系列优先股。这些战略性的金融举措旨在增强 Mullen Automotive 的资本结构,支持其持续运营和新能源车的开发。
新能源车制造商Mullen Automotive Inc.宣布了一系列涉及未注册证券发行的金融交易。值得注意的是,该公司于2024年5月14日与特定投资者达成了证券购买协议,出售了5260万美元的5%原始发行折扣优先担保票据以及附带的五年期权转换为普通股。最初的1320万美元票据和期权购买后,还要在特定条件满足后承担额外的3950万美元债务。此外,Mullen Automotive与Esousa Holdings LLC签订了一项股权授信购买协议,允许Esousa购买高达1.5亿美元的普通股。此外,与Ault Lending,LLC的和解协议导致发行了E系列优先股以交换取消的C系列优先股。这些战略性的金融举措旨在增强 Mullen Automotive 的资本结构,支持其持续运营和新能源车的开发。
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