Mullen Automotive Inc (MULN)

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"These factors raise substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

Our management plans to raise additional capital through a combination of equity and debt financing, strategic alliances, and licensing arrangements. Under existing Securities Purchase Agreement, dated June 7, 2022 and as further amended, the Company has sold Series D Preferred Stock and common stock as well as detached warrants for $45 million (see

Note 19 – Subsequent Events) and a may obtain additional investment, in the amount of $45 million under similar conditions by June 30, 2023.
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