SC 13G: MULLEN AUTOMOTIVE INC.
Ticker: BINI · Form: SC 13G · Filed: Aug 19, 2024 · CIK: 1499961
Sentiment: neutral
Topics: sc-13g
AI Summary
SC 13G filing by MULLEN AUTOMOTIVE INC..
Risk Assessment
Risk Level: low
Filing Stats: 1,408 words · 6 min read · ~5 pages · Grade level 8.5 · Accepted 2024-08-19 16:30:05
Key Financial Figures
- $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securitie
- $3.2 million — Secured Note in the principal amount of $3.2 million (the “ Note ”) and warrants
- $6.07 — arrants have an exercise price equal to $6.07. The Warrants provide for cashless exer
- $0.10 — xercise, but in any event not less than $0.10. CUSIP No. 62526P406 13G Page 3 of 6
Filing Documents
- y819240sc13g.htm (SC 13G) — 48KB
- ex99_1.htm (EX-99.1) — 1KB
- 0001214659-24-014938.txt ( ) — 52KB
(a). Name of Issuer
Item 1(a). Name of Issuer. The name of the issuer is Mullen Automotive Inc. (the “ Company ”).
(b). Address of Issuer’s Principal Executive Offices
Item 1(b). Address of Issuer’s Principal Executive Offices. The Company’s principal executive offices are located at 1405 Pioneer Street, Brea, California 92821.
(a). Name of Person Filing
Item 2(a). Name of Person Filing. This statement is filed by Ault Alliance, Inc. (the “ Reporting Person ”) with respect to the shares of common stock of the Company.
(b). Address of Principal Business Office or, if None, Residence
Item 2(b). Address of Principal Business Office or, if None, Residence. 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.
(c). Citizenship
Item 2(c). Citizenship. The Reporting Person is a Delaware corporation.
(d). Title of Class of Securities
Item 2(d). Title of Class of Securities. Common Stock, $0.001 par value per share.
(e). CUSIP Number
Item 2(e). CUSIP Number. 62526P406.
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) o Broker or dealer registered under Section 15 of the Exchange Act. (b) o Bank as defined in Section 3(a)(6) of the Exchange Act. (c) o Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) o Investment company registered under Section 8 of the Investment Company Act. (e) o An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). CUSIP No. 62526P406 13G Page 5 of 6 (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) o A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J). (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____
Ownership
Item 4. Ownership. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for the Reporting Person hereto and is incorporated herein by reference for the Reporting Person. The percentages used in this Schedule 13G are calculated based on 40,141,186 shares of Common Stock outstanding on August 9, 2024 as reported by the Issuer in its quarterly report on Form 10-Q filed with the Securities and Exchange Commission on August 12, 2024.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. Not Applicable.
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable.
Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by
Item 7. Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person. See Exhibit 99.1.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not Applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not Applicable.
Certifications
Item 10. Certifications. By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 62526P406 13G Page 6 of 6 SIGNATURE After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: August 19, 2024 AULT ALLIANCE, INC. By: /s/ MILTON C. AULT, III Name: Milton C. Ault, III Title: Executive Chairman AULT LENDING, LLC By: /s/ DAVID J. KATZOFF Name: David J. Katzoff Title: Manager