Mullen Automotive Files 8-K on Financials & Obligations

TL;DR

MULN filed an 8-K detailing financial condition, new debt, and equity sales.

AI Summary

Mullen Automotive Inc. filed an 8-K on October 2, 2024, reporting on its financial condition and operations. The filing also disclosed the creation of a direct financial obligation and unregistered sales of equity securities. Specific details regarding the nature and terms of these obligations and sales were not immediately available in the provided text.

Why It Matters

This filing provides crucial updates on Mullen Automotive's financial standing and potential new debt or equity issuances, which could impact its financial health and stock valuation.

Risk Assessment

Risk Level: medium — The filing indicates potential new financial obligations and equity sales, which can introduce financial risk and dilution for existing shareholders.

Key Players & Entities

• MULLEN AUTOMOTIVE INC. (company) — Filer
• 0001499961 (company) — Central Index Key
• 1405 PIONEER STREET (location) — Business Address
• BREA (location) — City
• CA (location) — State
• 92821 (location) — ZIP Code
• 7146131900 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.001 M — ch registered Common Stock, par value $0.001 MULN The Nasdaq Stock Market, LLC (Na
• $0.001 — f the Company's common stock, par value $0.001 per share (the " Common Stock "), in th
• $621,053 — e initial aggregate principal amount of $621,053 (or $590,000 excluding the 5% original
• $590,000 — regate principal amount of $621,053 (or $590,000 excluding the 5% original issue discoun
• $12.5 million — e initial aggregate principal amount of $12.5 million (or $11.9 million excluding the 5% orig
• $11.9 million — e principal amount of $12.5 million (or $11.9 million excluding the 5% original issue discoun
• $13.2 million — n October 1, 2024, totals approximately $13.2 million (or $12.5 million excluding the 5% orig

Filing Documents

• mullenauto_8k.htm (8-K) — 33KB
• mullenauto_ex99-1.htm (EX-99.1) — 19KB
• ex99-1_001.jpg (GRAPHIC) — 4KB
• 0001829126-24-006607.txt ( ) — 276KB
• muln-20241002.xsd (EX-101.SCH) — 4KB
• muln-20241002_def.xml (EX-101.DEF) — 26KB
• muln-20241002_lab.xml (EX-101.LAB) — 36KB
• muln-20241002_pre.xml (EX-101.PRE) — 25KB
• mullenauto_8k_htm.xml (XML) — 5KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On October 2, 2024, Mullen Automotive Inc. (the " Company ") issued a press release announcing certain preliminary financial results for the fiscal quarter ended September 30, 2024. 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 of 1933, as amended (the " Securities Act "), except as shall be expressly set forth by specific reference in such filing. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On October 2, 2024, pursuant to the terms of the Securities Purchase Agreement dated May 14, 2024 between the Company and certain investors (the " Securities Purchase Agreement "), which was previously disclosed in the Company's Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on May 14, 2024 (the " Form 10-Q "), certain investors partially exercised the additional investment right and purchased additional 5% Original Issue Discount Senior Secured Notes that are convertible into shares of the Company's common stock, par value $0.001 per share (the " Common Stock "), in the initial aggregate principal amount of $621,053 (or $590,000 excluding the 5% original issue discount) (the " Notes ") and also received five-year warrants exercisable on a cash basis for an aggregate of 2,264. shares of Common Stock (the " Warrants "). The Warrants may also be exercised on a cashless basis pursuant to the formula set forth therein and as further described in the Form 10-Q. The Notes and Warrants have the same terms and conditions as the previously issued notes and warrants as described in the Form 10-Q. The N

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities. The disclosure required by this Item is included above in Item 2.03 of this Current Report on Form 8-K and is incorporated herein by reference. The Notes and Warrants issued to the investors pursuant to the Securities Purchase Agreement, and upon conversion or exercise, as applicable, the shares of Common Stock will be issued pursuant to the exemption from registration for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act.

01 Exhibits

Item 9.01 Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release dated October 2, 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: October 2, 2024 By: /s/ David Michery David Michery Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR