Mullen Automotive’s Strategic Equity and Stockholder Moves

Mullen Automotive ( (MULN) ) has shared an update.

Mullen Automotive Inc. has recently engaged in significant stock activities. The company issued over 4.6 million shares to Esousa Holdings LLC, an accredited investor, under an exemption from registration. Additionally, a Special Meeting of Stockholders led to the approval of an 11 million share increase in the company’s 2022 Equity Incentive Plan. These moves come at a time when the company’s common stock has reached over 179 million issued and outstanding shares, reflecting a dynamic period for stockholders and potential investors in the automotive firm.

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