NetworkNewsBreaks – Mullen Automotive Inc. (NASD
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Posted On: 09/08/2022 4:37:50 PM
NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces 1st EV Acquisition, Webinar to Discuss Strategic Move
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced its acquisition of a controlling interest in EV truck innovator Bollinger Motors Inc. This is Mullen’s first EV acquisition and propels the company into the medium and heavy-duty truck classes 3-6, along with the B1 and B2 sport utility vehicles. The purchase price of $148.2 million in cash and stock for a 60% controlling interest gives Mullen the majority ownership of Bollinger Motors and positions Bollinger to capture the electric sport utility and commercial vehicle markets. More details about the acquisition can be found on Mullen’s website and on the video created by Bollinger Motors.
In addition, Mullen Automotive and Bollinger Motors will host a live webinar (https://nnw.fm/i0356) at 2 p.m. EDT today to introduce the two companies. David Michery, CEO and chairman of Mullen Automotive, and Robert Bollinger, CEO and founder of Bollinger Motors, will be present on the call to discuss what the partnership represents for both companies and the overall EV market.
“Mullen is on a very exciting trajectory, and this acquisition is one of the largest to date in the EV industry,” said David Michery, CEO and chairman of Mullen Automotive. “This webinar will allow Robert and I to provide insight into the acquisition and the strategic direction this brings to both Mullen and Bollinger.”
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 (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced its acquisition of a controlling interest in EV truck innovator Bollinger Motors Inc. This is Mullen’s first EV acquisition and propels the company into the medium and heavy-duty truck classes 3-6, along with the B1 and B2 sport utility vehicles. The purchase price of $148.2 million in cash and stock for a 60% controlling interest gives Mullen the majority ownership of Bollinger Motors and positions Bollinger to capture the electric sport utility and commercial vehicle markets. More details about the acquisition can be found on Mullen’s website and on the video created by Bollinger Motors.
In addition, Mullen Automotive and Bollinger Motors will host a live webinar (https://nnw.fm/i0356) at 2 p.m. EDT today to introduce the two companies. David Michery, CEO and chairman of Mullen Automotive, and Robert Bollinger, CEO and founder of Bollinger Motors, will be present on the call to discuss what the partnership represents for both companies and the overall EV market.
“Mullen is on a very exciting trajectory, and this acquisition is one of the largest to date in the EV industry,” said David Michery, CEO and chairman of Mullen Automotive. “This webinar will allow Robert and I to provide insight into the acquisition and the strategic direction this brings to both Mullen and Bollinger.”
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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