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lukin4winners

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lukin4winners

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Thursday, 10/20/2022 10:30:02 AM

Thursday, October 20, 2022 10:30:02 AM

Post# of 648140
MULN news update: On Wednesday, the EV company announced a US Bankruptcy Court has approved its acquisition of Electric Last Mile Solutions' assets in an all-cash deal.

Mullen said its cash on hand and funding commitments give it access to $275 million to close the deal.

The company said acquiring Electric Last Mile's plant, property, and equipment assets will increase the company's output capacity by 50,000 vehicles a year.
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