Mullen Automotive Inc.

09/13/2024 | Press release | Distributed by Public on 09/13/2024 15:16

Proxy Results Form 8 K

Item 3.02. Unregistered Sales of Equity Securities.

On September 12, 2024, pursuant to the common stock purchase agreement dated May 21, 2024 (the "Purchase Agreement") between Esousa Holdings LLC (the "Investor") and Mullen Automotive Inc. (the "Company"), as previously reported in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on May 24, 2024, the Company issued 4,691,050 shares of common stock to the Investor as "Commitment Shares." The issuance was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"). The Investor represented to the Company, among other things, that it was an "accredited investor" (as such term is defined in Rule 501(a) of Regulation D under the Securities Act).