Mullen Automotive Inc (MULN)

[BottomBounce]

$MULN The $240 million cash purchase allows Mullen the capability to build up to 50,000 EVs annually, accelerating the launch of the Mullen FIVE and Bollinger B1 and B2 retail vehicles. The deal also gives Mullen control over ELMS’s inventory, intellectual property rights and plant in Mishawaka, Indiana. https://techcrunch.com/2022/10/19/mullen-acquires-bankrupt-elms-for-240-million/#:~:text=Mullen%20Automotive%20said%20Wednesday%20it,manufacture%20its%20first%20electric%20vehicle.