Financial Obligation Form 8 K

On September 25 and 27, 2024, pursuant to the terms of the Securities Purchase Agreement dated May 14, 2024 between Mullen Automotive Inc. (the "Company") and certain investors (the "Securities Purchase Agreement"), which was previously disclosed in the Company's Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on May 14, 2024 (the "Form 10-Q"), certain investors partially exercised the additional investment right and purchased additional 5% Original Issue Discount Senior Secured Notes that are convertible into shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), in the initial aggregate principal amount of approximately $12.5 million (or $11.9 million excluding the 5% original issue discount) (the "Notes") and also received five-year warrants exercisable on a cash basis for an aggregate of 46,664 shares of Common Stock (the "Warrants"). The Warrants may also be exercised on a cashless basis pursuant to the formula set forth therein and as further described in the Form 10-Q. The Notes and Warrants have the same terms and conditions as the previously issued notes and warrants as described in the Form 10-Q.