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Net Element Enters into a Letter of Intent to Merge with Electric Vehicle Company Mullen Technologies
8:30 am ET June 15, 2020 (Accesswire) Print
MIAMI, FL / ACCESSWIRE / June 15, 2020 / Net Element, Inc. (NASDAQ:NETE) ("Net Element" or the "Company"), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale ("POS"), e-commerce and mobile devices, announced today that it has entered into a binding Letter of Intent to merge with privately-held Mullen Technologies, Inc. ("Mullen"), a Southern California-based electric vehicle company in a stock-for-stock reverse merger in which Mullen's stockholders will receive the majority of the outstanding stock in the post-merger Company.