Mullen Automotive Files S-1 for Stock Registration

TL;DR

Mullen Automotive (MULN) filed an S-1, looks like they might sell more stock soon.

AI Summary

Mullen Automotive Inc. filed an S-1 registration statement on June 25, 2024, to register an unspecified number of common stock shares. The company, formerly Net Element, Inc., is incorporated in Delaware and headquartered in Brea, California. This filing indicates potential future stock offerings or sales by the company or its existing shareholders.

Why It Matters

This S-1 filing signals Mullen Automotive's intent to potentially issue or sell more stock, which could impact existing shareholders through dilution or provide capital for operations.

Risk Assessment

Risk Level: high — Mullen Automotive has a history of financial challenges and stock performance issues, making new stock registrations a high-risk event.

Key Numbers

• 0001829126-24-004422 — Accession Number (Unique identifier for the SEC filing)
• 333-280464 — SEC File Number (SEC's tracking number for the registration statement)

Key Players & Entities

• MULLEN AUTOMOTIVE INC. (company) — Registrant
• Net Element, Inc. (company) — Former company name
• David Michery (person) — President, CEO and Chairman
• 1405 Pioneer Street, Brea, California 92821 (location) — Principal executive offices address

FAQ

Key Financial Figures

• $0.001 — 0 shares of our common stock, par value $0.001 per share (“ Common Stock ”
• $150,000,000 — that we may sell up to an aggregate of $150,000,000 of our Common Stock to the Selling Stoc
• $2.66 — Stock on The Nasdaq Capital Market was $2.66 per share. We are a "smaller reporting
• $3.5 million — purchased the assets of Romeo Power for $3.5 million. This included battery production lines
• $6,000,000 — mitment Shares ") in an amount equal to $6,000,000 divided by the lower of (i) the volume
• $0 — ommon Stock is equal to or greater than $0.10, the Company may, from time to time

Filing Documents

• mullenautomotive_s1.htm (S-1) — 681KB
• mullenautomotive_ex5-1.htm (EX-5.1) — 17KB
• mullenautomotive_ex23-1.htm (EX-23.1) — 4KB
• mullenautomotive_ex23-2.htm (EX-23.2) — 3KB
• mullenautomotive_ex107.htm (EX-FILING FEES) — 23KB
• img_001.jpg (GRAPHIC) — 6KB
• ex5-1_001.jpg (GRAPHIC) — 5KB
• ex23-1_001.jpg (GRAPHIC) — 8KB
• 0001829126-24-004422.txt ( ) — 756KB

USE OF PROCEEDS

USE OF PROCEEDS 8 THE COMMITTED EQUITY FINANCING 9 THE SELLING STOCKHOLDER 11

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 13 PLAN OF DISTRIBUTION 23 LEGAL MATTERS 25 EXPERTS 25 WHERE YOU CAN FIND MORE INFORMATION 25 INFORMATION INCORPORATED BY REFERENCE 26 i Table of Contents ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 that we filed with the U.S. Securities and Exchange Commission (the " SEC "). Under this registration process, the Selling Stockholder may, from time to time, sell the securities offered by them described in this prospectus. We will not receive any proceeds from the sale by the Selling Stockholder of the securities offered by them described in this prospectus, other than proceeds that we may receive from the sales of our Common Stock to the Selling Stockholder that we may, in our discretion, elect to make, from time to time after the date of this prospectus, pursuant to the Purchase Agreement. We may also file a prospectus supplement or post-effective amendment to the registration statement of which this prospectus forms a part that may contain material information relating to this offering. The prospectus supplement or post-effective amendment may also add, update or change information contained in this prospectus. If there is any inconsistency between the information in this prospectus and the applicable prospectus supplement or post-effective amendment, you should rely on the prospectus supplement or post-effective amendment, as applicable. Before purchasing any securities, you should carefully read this prospectus, any post-effective amendment, and any applicable prospectus supplement, together with the additional information described under the headings " Where You Can Find More Information " and " Information Incorporated By Reference ." Neither we nor the Selling Stockholder have authorized anyone to provide you with any information or to make any representations other than those contained, or incorporated by reference, in this prospectus, any post-effective amendmen

View Full Filing

View this S-1 filing on SEC EDGAR