Mullen Automotive and Bollinger Motors, Inc. to Discuss Acquisition on Live Webinar
September 08 2022 - 10:30AM
via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN)
(“Mullen” or the “Company”), an emerging electric vehicle (“EV”)
manufacturer, announces that it will be conducting a live webinar
today at 2 p.m. ET., to discuss the majority
acquisition of EV Truck Innovator Bollinger Motors, Inc.
Mullen announced earlier today that it acquired a controlling
interest in Bollinger Motors, Inc. This is Mullen’s first EV
acquisition and propels the company into the medium and heavy-duty
truck classes 3-6, along with the B1 and B2 Sport Utility Vehicles.
More details about the acquisition can be found on Mullen’s website
and on the video created by Bollinger Motors here.
David Michery, CEO and chairman of Mullen Automotive, and Robert
Bollinger, CEO and founder of Bollinger Motors, will be present on
the call to introduce their respective companies and talk about
what the partnership represents for both companies and the overall
EV market.
Mullen Bollinger Webinar Details:Date:
Sept. 8, 2022Time: 2 p.m. EasternURL: YouTube Link
“Mullen is on a very exciting trajectory, and this acquisition
is one of the largest to date in the EV industry,” said David
Michery, CEO and chairman of Mullen Automotive. “This webinar will
allow Robert and I to provide insight into the acquisition and the
strategic direction this brings to both Mullen and Bollinger.”
About MullenMullen Automotive is a Southern
California-based automotive company building the next-generation of
premium electric vehicles (EVs) that are affordable and built
entirely in the United States. With an end-to-end ecosystem that
supports owners from test driving to financing and servicing
through a unique hybrid dealership model, customers are supported
through every aspect of EV ownership. The Mullen FIVE, the
company’s first electric crossover, is slated for delivery in 2024
and features an award-winning design and its patented PERSONA
technology that utilizes facial recognition to personalize the
driving experience for every individual. To learn more about the
company, visit www.MullenUSA.com.
About Bollinger MotorsFounded in 2015 by Robert
Bollinger, Bollinger Motors is a U.S.-based company, headquartered
in Oak Park, Michigan. Bollinger Motors manufactures all-electric
platforms and chassis cabs for commercial vehicles in Classes 3-6.
To learn more about the company, visit www.BollingerMotors.com.
Forward-Looking StatementsCertain statements in
this press release that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Exchange Act of 1934, as amended. Any statements
contained in this press release that are not statements of
historical fact may be deemed forward-looking statements. Words
such as "continue," "will," "may," "could," "should," "expect,"
"expected," "plans," "intend," "anticipate," "believe," "estimate,"
"predict," "potential" and similar expressions are intended to
identify such forward-looking statements. All forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements, many of which are
generally outside the control of Mullen and are difficult to
predict. Examples of such risks and uncertainties include but are
not limited to whether the Bollinger majority ownership acquisition
will be beneficial to the Company, whether Mullen will be
successful in capturing market share the electric sport utility and
commercial vehicle markets, whether combing Bollinger’s vehicles
with the Company’s existing class 1 and class 2 EV cargo van
programs will be successful and whether the Company will achieve
its goal of achieving a significant stake in the class 1-6
commercial light, medium and heavy-duty truck segments. Additional
examples of such risks and uncertainties whether Mullen’s
Solid-State Battery technology development will be successful and
will be able to be leveraged by Bollinger, if and when the
Bollinger B1 and B2 sport utilities will be developed and whether
the approximately 50,000 previous reservations for the B1 and B2
sport utilities will materialize. Further examples of
such risks and uncertainties include but are not limited to: (i)
Mullen’s ability (or inability) to obtain additional financing in
sufficient amounts or on acceptable terms when needed; (ii)
Mullen's ability to maintain existing, and secure additional,
contracts with manufacturers, parts and other service providers
relating to its business; (iii) Mullen’s ability to successfully
expand in existing markets and enter new markets; (iv) Mullen’s
ability to successfully manage and integrate any acquisitions of
businesses, solutions or technologies; (v) unanticipated operating
costs, transaction costs and actual or contingent liabilities; (vi)
the ability to attract and retain qualified employees and key
personnel; (vii) adverse effects of increased competition on
Mullen’s business; (viii) changes in government licensing and
regulation that may adversely affect Mullen’s business; (ix) the
risk that changes in consumer behavior could adversely affect
Mullen’s business; (x) Mullen’s ability to protect its
intellectual property; and (xi) local, industry and general
business and economic conditions. Additional factors that could
cause actual results to differ materially from those expressed or
implied in the forward-looking statements can be found in the most
recent annual report on Form 10-K, quarterly reports on Form 10-Q
and current reports on Form 8-K filed by Mullen with the Securities
and Exchange Commission. Mullen anticipates that subsequent events
and developments may cause its plans, intentions and expectations
to change. Mullen assumes no obligation, and it specifically
disclaims any intention or obligation, to update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by law.
Forward-looking statements speak only as of the date they are made
and should not be relied upon as representing Mullen’s plans and
expectations as of any subsequent date.
Contact:Mullen Automotive, Inc.+1 (714)
613-1900www.MullenUSA.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, California www.InvestorBrandNetwork.com
310.299.1717 Office Editor@InvestorBrandNetwork.com
- Mullen Automotive and Bollinger Motors Webinar is set for 2
p.m. Eastern
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