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UNITED STATES
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): |
December 26, 2023 |
|
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 December 26, 2023, Mullen Automotive Inc.
issued a press release regarding the delivery of its Class 3 vehicles. A copy of the press release is attached as Exhibit 99.1
hereto and is hereby incorporated herein by reference.
The information in this Item 7.01 shall not
be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities
Act”), except as shall be expressly set forth by specific reference in such filing.
Item 9.01. |
Financial Statements and Exhibits |
(d) 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: December 26, 2023 |
By: |
/s/ David Michery |
|
|
David Michery |
|
|
Chief Executive Officer |
Exhibit 99.1
Mullen Delivers
63 More Class 3 Vehicles to Randy Marion Automotive Group Valued at $3,969,000; To-Date, 121 Class 3s Delivered Valued at $7,623,000
To date, Mullen
has delivered 121 Class 3 vehicles for a total of $7,623,000 invoiced.
Company focused
and on track to deliver 150 vehicles by EOY 2023.
Vehicles delivered
are part of Randy Marion’s 1,000 Class 3 purchase order.
BREA,
Calif., December 26, 2023– via InvestorWire – Mullen Automotive, Inc.
(NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today
announces 63 additional Class 3 vehicles have been delivered to Randy Marion Automotive Group (“RMA” or “Randy
Marion”) with the Company invoicing RMA for $3,969,000.. To-date, The Company has delivered 121 Mullen THREEs to RMA for a total
of $7,623,000. The Company is on track to deliver 150 Mullen THREEs by EOY 2023.
In
total, Randy Marion has committed to 1,000 Class 3 vehicles for a total of
$63 million, with the majority of the vehicles to be delivered in calendar year 2024. As previously reported, Class 3 production
at the Tunica, Mississippi, facility is planned for 150 vehicles for 2023, with total capacity for Class 3 planned at 3,000 vehicles
annually per shift.
Mullen THREE production is based out
of Tunica, which is home to Mullen’s commercial vehicle assembly for both the Mullen ONE, Class 1 EV cargo van, and the Class 3
EV cab chassis trucks. Mullen began first deliveries of the Mullen THREE to Randy Marion on Sept. 28, 2023. Randy Marion received its
North Carolina license to retail Mullen’s commercial EVs on Nov. 16, 2023, opening the ability of the dealership to conduct
sales to customers.
“We are laser-focused on hitting
our commitment to deliver 150 Mullen THREEs by the end of this year,” said David Michery, CEO and chairman of Mullen Automotive.
The All-Electric Mullen THREE is a Class 3
low cab forward EV truck featuring a robust payload and 125-mile range. The Mullen THREE was purpose-built to meet the demands of urban
last-mile delivery. The Mullen THREE chassis can be easily upfit to meet a variety of vocational needs from last mile delivery, construction,
landscaping, catering and more. The chassis has a clean top-of-rail design for easy upfitting with bodies up to 14 feet long and over
5,300 pounds of payload.
Mullen THREE Vehicle Highlights:
| · | 125-mile
estimated range |
| · | 11,000
lbs. GVWR |
| · | 5,316
lbs. max payload |
| · | 14
ft. max box length |
| · | 38
ft. turning diameter |
View
full vehicle specifications for the Mullen THREE here. https://mullencommercial.com/#mullenthreeanchor
Mullen Delivers
Additional 63 Mullen THREEs to Randy Marion Automotive Group
Company on track
to deliver 150 Class 3s by EOY.
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 to the timing of future Mullen vehicle deliveries, and
the expected demand for all classes of Mullen vehicles. 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
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