Mullen Automotive Files 8-K for Material Agreement

TL;DR

MULN filed an 8-K for a new material agreement on 8/23.

AI Summary

Mullen Automotive Inc. filed an 8-K on August 26, 2024, reporting a material definitive agreement entered into on August 23, 2024. The filing also includes Regulation FD disclosures and financial statements/exhibits. Mullen Automotive Inc. was formerly known as Net Element, Inc. and Net Element International, Inc.

Why It Matters

This filing indicates a significant new agreement for Mullen Automotive, which could impact its operations, financial standing, and future strategic direction.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and the specifics of this agreement are not detailed in the provided excerpt, requiring further investigation.

Key Players & Entities

• MULLEN AUTOMOTIVE INC. (company) — Registrant
• Net Element, Inc. (company) — Former Company Name
• Net Element International, Inc. (company) — Former Company Name
• August 23, 2024 (date) — Date of earliest event reported
• August 26, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.001 M — ch registered Common Stock, par value $0.001 MULN The Nasdaq Stock Market, LLC (Nasd
• $3.0 million — mmercial EVs with an initial deposit of $3.0 million for initial orders of 300 units within

Filing Documents

• mullenautomotive_8k.htm (8-K) — 42KB
• mullenautomotive_ex10-1.htm (EX-10.1) — 48KB
• mullenautomotive_ex99-1.htm (EX-99.1) — 23KB
• ex10-1_001.jpg (GRAPHIC) — 12KB
• ex10-1_002.jpg (GRAPHIC) — 7KB
• ex99-1_001.jpg (GRAPHIC) — 4KB
• ex99-1_002.jpg (GRAPHIC) — 33KB
• ex99-1_003.jpg (GRAPHIC) — 30KB
• 0001829126-24-005824.txt ( ) — 457KB
• muln-20240823.xsd (EX-101.SCH) — 4KB
• muln-20240823_def.xml (EX-101.DEF) — 26KB
• muln-20240823_lab.xml (EX-101.LAB) — 36KB
• muln-20240823_pre.xml (EX-101.PRE) — 25KB
• mullenautomotive_8k_htm.xml (XML) — 5KB

01

Item 1.01. Entry into a Material Definitive Agreement. On August 23, 2024, Mullen Automotive Inc. (the " Company ") and its wholly-owned subsidiary, VoltiE Group, entered into a Purchase Agreement (the " Agreement ") with Volt Mobility Holding Ltd. (" Volt Mobility ") pursuant to which the Company will provide Volt Mobility with commercial electric vehicles (" EVs "), specifically, Class 1 and Class 3 Mullen vehicles and, upon U.S. certification and launch, Bollinger Class 4 vehicles, and chargers at preferred wholesale pricing for the United Arab Emirates (" UAE ") region as its exclusive representative. Volt Mobility, as the Company exclusive representative, will have the ability to set up respective dealers and distributors and service partners throughout the region. Volt Mobility committed to purchase 3,000 Class 3 commercial EVs with an initial deposit of $3.0 million for initial orders of 300 units within 60 days of execution and the balance of 2,700 units in calendar year 2025. The Company also agreed that it will coordinate with Volt Mobility to set up a fully operational service center in the UAE. In the event of default by any party with respect to any material term and upon 30-day notice, any party may terminate the Agreement in part or in its entirety without any further notice. The Agreement has a term of 16 months and will automatically renew for an additional 12 months unless notice is provided otherwise.

01

Item 7.01. Regulation FD Disclosure. On August 26, 2024, the Company issued a press release regarding is Agreement with Volt Mobility. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated herein by reference. The information in this Item 2.02 and Exhibit 99.1 attached hereto shall not be deemed " filed " for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act, except as shall be expressly set forth by specific reference in such filing.

01

Item 9.01 Exhibits. (d) Exhibits Exhibit No. Description 10.1 Purchase Agreement dated August 23, 2024 between the Mullen Automotive Inc, VoltiE Group and Volt Mobility Holding Ltd. 99.1 Press release dated August 26, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. MULLEN AUTOMOTIVE INC. Date: August 26, 2024 By: /s/ David Michery David Michery Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR