NetworkNewsBreaks — Mullen Automotive Inc. (NASD
Post# of 960
Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is updating shareholders about the company’s recent majority acquisition of Bollinger Motors Inc. MULN CEO and chair David Michery released a statement for shareholders providing details about the transaction. U.S.-based Bollinger Motors was founded by Robert Bollinger in 2015 and manufactures all-electric platforms and chassis cabs for commercial vehicles in Classes 3-6. “All cash and stock required to close the Bollinger transaction on Sept. 7, 2022, has been funded or placed in escrow as required by the transaction documents,” said Mullen Automotive CEO and chair David Michery in the press release. “We are excited about the opportunities this acquisition brings and look forward to updating our shareholders with the positive outcomes resulting from this transaction.”
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