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SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date
of earliest event reported): |
March
6, 2024 |
MULLEN AUTOMOTIVE INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-34887 |
|
86-3289406 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
1405 Pioneer Street, Brea, California 92821
(Address, including zip code, of principal executive offices)
Registrant’s telephone number, including
area code |
(714)
613-1900 |
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
|
Title
of each class |
|
Trading
symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.001 |
|
MULN |
|
The
Nasdaq Stock Market, LLC
(Nasdaq Capital Market) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On
March 7, 2024, Mullen Automotive Inc. (the “Company”) issued a press release announcing that is has regained compliance
with Nasdaq Listing Rule 5620(a). A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.
The
information included in this Item 7.01 and Exhibit 99.1 of this Current Report on Form 8-K is not deemed to be “filed” for
purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall this item and Exhibit
99.1 be incorporated by reference into the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act,
except as expressly set forth by specific reference in such future filing.
Item 8.01 Other Events.
On
March 6, 2024, the Company received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) confirming that it has
regained compliance with the annual shareholder meeting requirement set forth in Nasdaq Listing Rule 5620(a). As previously reported
on a Current Report on Form 8-K filed with the Securities and Exchange Commission on January 24, 2024, the Company had regained compliance
with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Company is now in full compliance with Nasdaq’s
continued listing requirements and will continue to be listed and traded on The Nasdaq Capital Market.
Item 9.01. Financial Statements and Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
MULLEN AUTOMOTIVE INC. |
|
|
|
Date: March 7, 2024 |
By: |
/s/ David Michery |
|
|
David Michery |
|
|
Chief Executive Officer |
Exhibit 99.1
Mullen Regains Full Nasdaq Compliance
Nasdaq Panel
has determined to continue the listing of the Company’s securities on
The Nasdaq Stock Market
BREA, Calif., Mar. 7, 2024 -- via IBN -- Mullen
Automotive Inc. (Nasdaq: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer,
today announces that on March 6, 2024, it received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) confirming that
the Company has regained compliance with the annual shareholder meeting requirement set forth in Nasdaq Listing 5620(a). Mullen previously
announced on Jan. 24, 2024, that the Company had regained compliance with the minimum bid price requirement set forth in Nasdaq Listing
Rule 5550(a)(2). Mullen is now in full compliance with all Nasdaq continued listing requirements and will continue to be listed and traded
on The Nasdaq Capital Market.
Based on the foregoing, the Panel has determined
to continue the listing of the Company’s securities on The Nasdaq Stock Market and is closing this matter. The Company anticipates
being removed from Nasdaq’s list of noncompliant companies within approximately four business days from the March 6, 2024, receipt
of Nasdaq’s notification of compliance.
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 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.
Forward-Looking Statements
Certain 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 whether the Company will continue to maintain
compliance with all Nasdaq continued listing requirements and when the Company will be removed from Nasdaq’s noncompliant
companies list. 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) 613-1900
www.MullenUSA.com
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
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