Mullen Automotive Files Definitive Proxy Statement

TL;DR

Mullen Automotive filed its proxy statement, shareholders need to pay attention to governance updates.

AI Summary

Mullen Automotive Inc. filed a Definitive Proxy Statement (DEF 14A) on January 8, 2025, for its fiscal year ending September 30, 2025. The filing indicates no fee was required for this submission. Mullen Automotive Inc. is a company primarily involved in the manufacturing of motor vehicles and passenger car bodies.

Why It Matters

This filing is crucial for shareholders as it provides important information regarding company governance and upcoming shareholder votes, influencing investment decisions.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine but can contain information about executive compensation, board changes, or shareholder proposals that may impact stock price.

Key Numbers

• 20250108 — Filing Date (The date the DEF 14A was filed with the SEC.)
• 20250131 — Report Period End Date (The fiscal period the proxy statement pertains to.)
• 0930 — Fiscal Year End (Indicates the end of Mullen Automotive's fiscal year.)

Key Players & Entities

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

FAQ

Key Financial Figures

• $1.00 — aintain a minimum bid price of at least $1.00 per share (the “ Bid Price Rule &
• $1 — tive business day it closes at or above $1.00, the stock would continue to be in c
• $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 "), our Serie

Filing Documents

• mullenautomotive_def14a.htm (DEF 14A) — 199KB
• proxy_001.jpg (GRAPHIC) — 158KB
• proxy_002.jpg (GRAPHIC) — 166KB
• 0001829126-25-000124.txt ( ) — 647KB

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 January 31, 2025 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 January 31, 2025 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/MULN2025SM 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 maintain compliance with the continued listing requirements of The Nasdaq Capital Market. Please note that the Company has currently scheduled its annual meeting of stockholders for February 27, 2025. A separate proxy statement will be sent to stockholders for the annual meeting. This Special Meeting is being held to approve a reverse stock split, as described in the attached proxy statement. AS OF THE DATE OF THIS PROXY, THE COMPANY HAS NOT RECEIVED A DEFICIENCY NOTICE FROM THE LISTING QUALIFICATIONS STAFF OF NASDAQ. We are seeking stockholder approval of a reverse stock split as a precaution only if, in the future, the Board of Directors determines we need to implement a reverse stock split in order to maintain compliance with the Bid Price Rule (defined below). The Company is currently in compliance with continued listing requirements on Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a minimum bid price of at least $1.00 per share (the “ Bid Price Rule ”) and failure to meet the continued listing requirement for the Bid Price Rule is determined to exist only if the deficiency continues for a period of 30 consecutive business days. Even if our stock were to close below the Bid Price Rule, in order to fail to meet the continued listing requirement for the Bid Price Rule, it must close below $1.00 for 30 consecutive business days. For example, this means that if our stock price has a minimum bid price below $1.00 for four consecutive business days and then on the fifth consecutive business day it closes at or above $1.00, the stock would continue to be in compliance with the Bid Price Rule and the 30 consecutive business day period would start over again with “day 1” only if the minimum bid price closes below $1.00. The Special Meeting of stockholders is being held for the following purposes: (1) Proposal 1 - To approve an 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; and (2) Proposal 2 - 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 January 7, 2025 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 January 31, 2025: The

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View this DEF 14A filing on SEC EDGAR