NetworkNewsBreaks – Net Element Inc. (NASDAQ: NE
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Posted On: 09/27/2021 3:36:57 PM
NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE), Mullen Automotive Inc. Release Update Letter to Shareholders
Mullen Automotive, an emerging electric vehicle manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element (NASDAQ: NETE), in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, today released a letter to shareholders from Mullen’s CEO David Michery. “As we begin the fourth quarter of 2021, I would like to take this opportunity to update everyone on the progress being made to complete the merger with Net Element. I am pleased to say that the SEC has declared effective the S-4 registration statement of the shares of the merger. The shareholders and boards of both companies have approved the deal and the company believes it can comply with the listing standards of the NASDAQ. The company currently is awaiting a final response from NASDAQ,” Michery writes in the update. “I would also like to update you on the upcoming debut of Mullen FIVE EV crossover. Mullen will be debuting the FIVE this coming November 2021 at the Los Angeles International Auto Show. Please visit Mullen and the FIVE EV Crossover Nov. 17 – 28 in the South Hall (Booth S-101) of the Los Angeles Convention Center.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Mullen Automotive, an emerging electric vehicle manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element (NASDAQ: NETE), in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, today released a letter to shareholders from Mullen’s CEO David Michery. “As we begin the fourth quarter of 2021, I would like to take this opportunity to update everyone on the progress being made to complete the merger with Net Element. I am pleased to say that the SEC has declared effective the S-4 registration statement of the shares of the merger. The shareholders and boards of both companies have approved the deal and the company believes it can comply with the listing standards of the NASDAQ. The company currently is awaiting a final response from NASDAQ,” Michery writes in the update. “I would also like to update you on the upcoming debut of Mullen FIVE EV crossover. Mullen will be debuting the FIVE this coming November 2021 at the Los Angeles International Auto Show. Please visit Mullen and the FIVE EV Crossover Nov. 17 – 28 in the South Hall (Booth S-101) of the Los Angeles Convention Center.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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