Mullen Automotive Files Definitive Proxy Statement

TL;DR

Mullen Automotive proxy statement filed. Vote on directors & company matters.

AI Summary

Mullen Automotive Inc. filed its definitive proxy statement on August 21, 2024, for its annual meeting of stockholders. The filing covers the period ending September 13, 2024, and details matters to be voted on by shareholders, including the election of directors and other corporate governance items. Mullen Automotive, previously known as Net Element, Inc., is incorporated in Delaware and operates in the motor vehicles sector.

Why It Matters

This filing is crucial for shareholders as it outlines the agenda for the annual meeting, allowing them to make informed decisions on company leadership and governance.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine disclosures, but the company's operational status and past financial performance can introduce medium-level risk for investors.

Key Numbers

• 20240821 — Filing Date (The date the definitive proxy statement was filed with the SEC.)
• 20240913 — Reporting Period End (The end date for the period covered by the proxy statement.)

Key Players & Entities

• MULLEN AUTOMOTIVE INC. (company) — Registrant
• Net Element, Inc. (company) — Former Company Name
• 0001499961 (company) — Central Index Key
• DE (company) — State of Incorporation
• 0930 (company) — Fiscal Year End

FAQ

Key Financial Figures

• $13,500 — n of proxies for a fee of approximately $13,500, plus reimbursement of related expenses
• $0.001 — f record of our common stock, par value $0.001 per share (“ Common Stock ”
• $1.00 — maintain a continued price of at least $1.00 per share of our Common Stock on The Na
• $1.00 m — the Company starts to fail to meet the $1.00 minimum bid price threshold, it stands th

Filing Documents

• mullenautomotive_def14a.htm (DEF 14A) — 352KB
• proxy_001.jpg (GRAPHIC) — 500KB
• proxy_002.jpg (GRAPHIC) — 346KB
• 0001829126-24-005695.txt ( ) — 1427KB

From the Filing

DEF 14A 1 mullenautomotive_def14a.htm DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under §240.14a-12 MULLEN AUTOMOTIVE INC. (Name of registrant as specified in its charter) N/A (Name of person(s) filing proxy statement, if other than the registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11. MULLEN AUTOMOTIVE INC. 1405 Pioneer Street Brea, California 92821 NOTICE OF SPECIAL MEETING OF STOCKHOLDERS To Be Held on September 13, 2024 9:30 A.M. (Pacific Time) To Our Stockholders: You are cordially invited to attend the Special Meeting of Stockholders (the “ Special Meeting ”) of MULLEN AUTOMOTIVE INC. (“ Mullen ,” “ we ,” “ our ,” “ us ,” or the “ Company ”), a Delaware corporation, to be held on September 13, 2024 at 9:30 a.m. Pacific Time, in a virtual meeting format. You will be able to attend the meeting and vote online during the Special Meeting by accessing www.virtualshareholdermeeting.com/MULN2024SM2 and follow the instructions provided to you with these proxy materials. The Special Meeting includes a proposal to approve a reverse stock split as described below. The Company will effect a reverse stock split to the extent that it is necessary to regain compliance with the continued listing requirements of The Nasdaq Capital Market. The Special Meeting of stockholders is being held for the following purposes: (1) Proposal 1 - To approve the amendment of the Company’s Second Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of the Company’s outstanding common stock at an exchange ratio between 1-for-2 to 1-for-100, as determined by the Company’s Board of Directors; (2) Proposal 2 - To approve an amendment to the Company’s 2022 Equity Incentive Stock Plan to increase the number of shares of common stock authorized for issuance by an additional 11,000,000 shares; and (3) Proposal 3 - To approve the adjournment of the Special Meeting from time to time, to a later date or dates, if necessary or appropriate, under certain circumstances, including for the purpose of soliciting additional proxies in favor of the foregoing proposal, in the event the Company does not receive the requisite stockholder vote to approve such proposal or establish a quorum. The Board of Directors has fixed the close of business on August 15, 2024 as the record date for the Special Meeting and only holders of shares of record at that time will be entitled to vote and participate at the Special Meeting and any postponements, adjournments or continuations thereof. A list of stockholders will be available at our offices at 1405 Pioneer Street, Brea, CA 92821 for a period of at least 10 days prior to the Special Meeting. Important Notice Regarding the Availability of Proxy Materials for the Special Stockholder Meeting to Be Held on September 13, 2024: The Special Meeting Proxy Statement is available at www.proxyvote.com You are cordially invited to attend the Special Meeting. However, if you do not expect to attend or if you plan to attend but desire the proxy holders to vote your shares, please promptly date and sign your proxy card and return it in the enclosed postage paid envelope or you may also instruct the voting of your shares over the Internet or by telephone by following the instructions on your proxy card. Voting by written proxy, over the Internet, or by telephone will not affect your right to vote in person in the event you find it convenient to attend. If you have any questions or need assistance voting your shares, please contact our proxy solicitor: Kingsdale Advisors 745 Fifth Avenue, 5th Floor New York, New York 10151 North American Toll-Free Phone Number: +1-855-476-6002 Email: contactus@kingsdaleadvisors.com Call Collect or Text Outside North America: +1-646-741-5795 By order of the Board of Directors /s/ David Michery David Michery Date: August 20, 2024 Chief Executive Officer MULLEN AUTOMOTIVE INC. 1405 PIONEER STREET BREA, CALIFORNIA 92821 PROXY STATEMENT FOR SPECIAL MEETING OF STOCKHOLDERS TO BE HELD ON September 13, 2024 AT 9:30 A.M. (PACIFIC TIME) Date, Time and Place of the Special Meeting This proxy statement is being furnished by Mullen Automotive Inc., a Delaware

View Full Filing

View this DEF 14A filing on SEC EDGAR