Group 1 - A class action has been filed against Mullen Automotive, Inc. for allegedly misleading investors regarding its business prospects during the period from February 3, 2023, to March 13, 2024 [1][2] - The allegations include that Mullen had no intent to implement a reverse stock split while the CEO believed it was necessary, overstated partnerships and battery technology capabilities, and failed to disclose material information about financing agreements [2] - Shareholders are encouraged to participate in the class action, with a deadline to file as lead plaintiff by April 14, 2025 [3] Group 2 - Robbins LLP, a firm specializing in shareholder rights litigation, is representing the class action on a contingency fee basis, meaning shareholders pay no fees or expenses [4] - The firm has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4]

Initial order includes Mullen ONE Class 1 EV cargo van for maintenance and material transport tasks with additional orders to follow Global Expert is a licensed freight forwarding company providing shipping solutions between the US and Armenia to worldwide destinations BREA, Calif., April 14, 2025 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces a sale of the all-electric Mullen ONE Class 1 cargo van t ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Mullen To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Mullen between February 3, 2023 and March 13, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, April 13, 2025 (GLOBE NE ...

EGI SWIFT semi solid-state batteries (SSB) are intended for use in commercial vehicles as well as other industrial applications including drone, E-aviation, robotics, aerospace, marine two-wheelers, power tools, and medical applications.Mullen has long been advancing a semi-solid-state battery solution and has worked on other initiatives with EGI for the past 18 months.Mullen's production of EGI SWIFT batteries is slated to begin early 2026. Mullen will integrate the EGI SWIFT battery into its existing SSB ...

EGI SWIFT semi solid-state batteries (SSB) are intended for use in commercial vehicles as well as other industrial applications including drone, E-aviation, robotics, aerospace, marine two-wheelers, power tools, and medical applications.Mullen has long been advancing a semi-solid-state battery solution and has worked on other initiatives with EGI for the past 18 months.Mullen’s production of EGI SWIFT batteries is slated to begin early 2026. Mullen will integrate the EGI SWIFT battery into its existing SSB ...

Core Viewpoint - Mullen Automotive Inc. will implement a 1-for-100 reverse stock split to comply with Nasdaq's minimum bid price requirement of $1.00, effective April 11, 2025 [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will convert 100 shares of common stock into one share, reducing the total from approximately 220 million shares to about 2.2 million shares [5] - The reverse stock split will not change the par value of the common stock or the authorized number of shares [4] - No fractional shares will be issued; all fractional shares will be rounded up to the nearest whole share [5] Group 2: Company Background - Mullen Automotive is based in Southern California and focuses on manufacturing the next generation of commercial electric vehicles (EVs) [7] - The company has two vehicle plants located in Tunica, Mississippi, and Mishawaka, Indiana, and began commercial vehicle production in August 2023 [7] - Mullen's EV models, including the Mullen ONE and Mullen THREE, are certified by the California Air Resource Board and EPA, and are available for sale in the U.S. [7]

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Mullen Automotive, Inc. (NASDAQ: MULN) securities between February 3, 2023, and March 13, 2024, alleging that the company misled investors regarding its business prospects and financial health [1][2]. Allegations - The lawsuit claims that Mullen Automotive made misleading statements and failed to disclose critical information, including: - The company's lack of intent to implement a reverse stock split, despite the CEO believing it was necessary [2]. - Overstatements regarding partnerships with business entities such as RRDS and MAEO [2]. - Exaggerations about its battery technology capabilities and related partnerships [2]. - Misleading information about reverse stock splits [2]. - Knowledge of Lawrence Hardge's previous financial crimes, which was not disclosed to investors [2]. - Failure to disclose material information regarding financing agreements [2]. Next Steps for Shareholders - Shareholders interested in serving as lead plaintiffs must file their papers with the court by April 14, 2025 [3]. - Participation in the case is not required to be eligible for recovery, and shareholders can choose to remain absent class members [3]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [4].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Mullen To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $75,000 in Mullen between February 3, 2023 and March 13, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 3, 2025 /PRNewswire/ - ...

Mullen and Bollinger source 67% and 71% of vehicle components from U.S. suppliers respectivelyBREA, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that current Mullen and Bollinger commercial vehicle inventory are 100% assembled in the USA and are currently exempt from recently announced vehicle and component tariffs. Additionally, Mullen and Bollinger source 67% and 71% of veh ...

In a significant victory for Mullen and other emerging companies who have alleged losses due to stock manipulation, a federal judge denied IMC, Clear Street, and UBS's motion to dismiss the lawsuit, finding Mullen's claims were adequately pled. The litigation will now move forward into full discovery In the Federal Court's decision, received after the close of trading on March 28, 2025, Mullen won on all contested issues BREA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NAS ...