Mullen Automotive Files S-1 with SEC

TL;DR

Mullen Automotive just filed an S-1, looks like they're raising cash. Watch this space.

AI Summary

Mullen Automotive Inc. filed an S-1 registration statement with the SEC on October 4, 2024. The company, formerly known as Net Element, Inc., is incorporated in Delaware and headquartered in Brea, California. This filing indicates a potential offering of securities, though specific details on the amount or terms are not yet provided in this excerpt.

Why It Matters

This S-1 filing is a crucial step for Mullen Automotive, signaling their intent to raise capital through the sale of securities, which could fund operations and expansion.

Risk Assessment

Risk Level: high — S-1 filings often precede significant capital raises or stock offerings, which can be volatile for companies, especially those in the automotive sector with high capital requirements.

Key Numbers

• 0930 — Fiscal Year End (Indicates the end of the company's financial reporting year.)
• 0001829126-24-006661 — Accession Number (Unique identifier for this SEC filing.)

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
• 333-282516 (document_id) — SEC File Number

FAQ

Key Financial Figures

• $0.001 — ”) of our common stock, par value $0.001 per share (“ Common Stock ”
• $2.48 — Stock on The Nasdaq Capital Market was $2.48 per share. We are a “smaller rep
• $3.5 million — purchased the assets of Romeo Power for $3.5 million. This included battery production lines
• $52.6 million — rchase an aggregate principal amount of $52.6 million of 5% Original Issue Discount Senior Se
• $13.2 m — n initial aggregate principal amount of $13.2 million, or $12.5 million including the 5
• $12.5 million — e principal amount of $13.2 million, or $12.5 million including the 5% original issue discoun
• $39.5 m — chase an additional principal amount of $39.5 million, or $37.5 million including the 5
• $37.5 million — l principal amount of $39.5 million, or $37.5 million including the 5% original issue discoun
• $3 million — ock has average daily trading volume of $3 million in the previous 10 trading days, (iii)
• $3.2 m — n initial aggregate principal amount of $3.2 million, or $3.0 million including the 5%
• $3.0 million — te principal amount of $3.2 million, or $3.0 million including the 5% original issue discoun
• $10.5 m — l initial aggregate principal amount of $10.5 million, or $10.0 million including the 5
• $10.0 million — e principal amount of $10.5 million, or $10.0 million including the 5% original issue discoun
• $29.0 m — l initial aggregate principal amount of $29.0 million, or $27.5 million including the 5
• $27.5 million — e principal amount of $29.0 million, or $27.5 million including the 5% original issue discoun

Filing Documents

• mullenautomotive_s1.htm (S-1) — 687KB
• mullenautomotive_ex5-1.htm (EX-5.1) — 13KB
• mullenautomotive_ex23-1.htm (EX-23.1) — 5KB
• mullenautomotive_ex23-2.htm (EX-23.2) — 3KB
• mullenautomotive_ex107.htm (EX-FILING FEES) — 32KB
• img_001.jpg (GRAPHIC) — 8KB
• ex5-1_001.jpg (GRAPHIC) — 3KB
• ex23-1_001.jpg (GRAPHIC) — 9KB
• 0001829126-24-006661.txt ( ) — 768KB

USE OF PROCEEDS

USE OF PROCEEDS 10 PRIVATE PLACEMENT OF NOTES AND WARRANTS 11 SELLING STOCKHOLDERS 16

DESCRIPTION OF SECURITIES

DESCRIPTION OF SECURITIES 18 PLAN OF DISTRIBUTION 29 LEGAL MATTERS 31 EXPERTS 31 WHERE YOU CAN FIND MORE INFORMATION 31 INFORMATION INCORPORATED BY REFERENCE 32 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 Stockholders 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 Stockholders of the securities offered by them described in this prospectus, other than any proceeds from any cash exercise of the Warrants. 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 Stockholders 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 amendment, or any applicable prospectus supplement prepared by or on behalf of us or to which we have referred you. We and the Selling Stockhol

View Full Filing

View this S-1 filing on SEC EDGAR