Mullen Automotive Hires Basile Law Firm P.C. to Review Prior Financings and Provide Strategic Review of Future Funding Initiatives
December 04 2023 - 09:15AM
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via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that it has hired Mark R. Basile, Esq. and his law firm, The Basile Law Firm P.C., to assist the Company in reviewing its current fundings and to make recommendations in developing its floorplan for future fundings.
“Mullen is committed to full transparency to the public markets. We are making this announcement in an effort to notify our shareholders that we fully intend to take any and all measures necessary to continue our sustainable growth as we move ahead with previously announced strategic initiatives,” said David Michery, CEO and chairman of Mullen Automotive. “Mark R. Basile, Esq. is a former law professor and a well-known and respected securities litigator. Mr. Basile is also known for helping public companies improve their internal operations and to recommend board and company initiatives. We welcome Mr. Basile to our team of highly skilled and capable lawyers, both in-house and out, and we are looking forward to working with him as we continue to drive our core business value forward.”
Michery continued, “While the Company is involved in many strategic initiatives, there is a need to balance growth with funding with an eye to developing real shareholder value. The Company highly values our very vocal and active shareholder base, and we remain committed to them. Our shareholder community has been a great source of support, information and drive. As we venture into the next level of business, we are committed to grow our fundamental values with our focus in shareholder value.”
“I have worked with many public company executive teams and boards of directors, and the opportunities presented in assisting Mullen Automotive, Inc. are compelling,” stated Mr. Basile.
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition on all of Electric Last Mile Solutions' (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana.
To learn more about the Company, visit www.MullenUSA.com.
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