Core Insights - Mullen Automotive and Bollinger source a significant portion of their vehicle components from U.S. suppliers, with 67% and 71% respectively, and their commercial vehicle inventory is 100% assembled in the USA, exempt from recent tariffs [1][2] Group 1: Company Overview - Mullen Automotive is focused on U.S.-sourced components for its commercial vehicles to ensure stable pricing and cost-effective solutions for businesses electrifying their fleets [2] - The company has two vehicle plants located in Tunica, Mississippi (120,000 square feet) and Mishawaka, Indiana (650,000 square feet) [5] - Mullen's commercial EV lineup includes the Mullen ONE, a Class 1 EV cargo van, and the Mullen THREE, a Class 3 EV cab chassis truck, both compliant with U.S. safety and environmental standards [3][5] Group 2: Bollinger Overview - Bollinger Motors, a majority-owned subsidiary of Mullen, offers the B4 chassis cab, an all-electric Class 4 commercial truck designed with fleet input, and began deliveries in October 2024 [4][6] - Bollinger has established a dealer and service network with over 50 locations across the U.S. [6]

Core Viewpoint - Mullen Automotive Inc. has achieved a significant legal victory as a federal judge denied the motion to dismiss a lawsuit against IMC, Clear Street, and UBS, allowing the case to proceed into full discovery [1][4]. Group 1: Legal Proceedings - The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that between November 5, 2021, and November 15, 2023, the defendants engaged in high-frequency algorithmic trading to manipulate Mullen's stock, violating multiple sections of the Securities Exchange Act of 1934 [2]. - The court found that Mullen had adequately identified actions that differentiated the defendants from typical market participants, noting the high volume of sell orders that were canceled and the subsequent purchase of shares at depressed prices [4]. - The lead lawyer for the plaintiffs expressed optimism about commencing discovery to reveal the defendants' manipulative trading practices that have harmed Mullen and its shareholders [5]. Group 2: Company Overview - Mullen Automotive is an electric vehicle manufacturer based in Southern California, with two vehicle plants located in Tunica, Mississippi, and Mishawaka, Indiana [7]. - The company began commercial vehicle production in Tunica in August 2023, with its Mullen ONE and Mullen THREE models certified for sale in the U.S. as of January 2024 [7]. - Mullen's commercial dealer network consists of seven dealers across key markets in the U.S., enhancing its sales and service coverage [8].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Mullen Automotive, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 14, 2025 [1]. Group 1: Class Action Details - Investors who purchased Mullen securities between February 3, 2023, and March 13, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by April 14, 2025 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]. Group 3: Case Allegations - The lawsuit alleges that Mullen made false and misleading statements regarding its business operations, including the intent to implement a reverse stock split and overstating partnerships and technology capabilities [5]. - Specific allegations include misleading investors about financing agreements and failing to disclose the CEO's knowledge of prior convictions related to financial crimes [5]. - The lawsuit claims that these misrepresentations resulted in investor damages when the true information became public [5].

Company cost cutting initiatives include: • Additional reduction of staff as Company continues to integrate operations.• Further elimination of facilities.• Additional reduction of operating expense burn rate. Mullen continues focus on cell and battery pack developments BREA, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces record GAAP revenue of $3.18 million to date for quarter ...

Company sees 189% increase in second fiscal quarter GAAP revenue compared to entire 2024 fiscal year GAAP revenue Increase shows continued significant positive revenue growth for Company BREA, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces record GAAP revenue of $3.18 million as of March 21, 2025. This quarterly revenue to date represents an 189% increase when compared to $1.1 ...

The Mullen Class 1 to be utilized by Orange County's Waste Management Department Orange County is located just outside of Raleigh-Durham, NC, metro area. The Mullen ONE EV cargo van will be deployed by Orange County’s Solid Waste Management Department, supporting its Climate Action Plan, which aims to transition the county’s fleet to all-electric vehicles Mullen Commercial EVs are now available for purchase on Sourcewell under NAFG’s Sourcewell Contract # 091521-NAF, which offers Class 1-3 electric vehi ...

Core Viewpoint - Mullen Automotive's electric commercial vehicles have been added to the Sourcewell contract, facilitating easier procurement for government agencies and educational institutions, thereby addressing a backlog of municipal orders [1][3]. Group 1: Company Overview - Mullen Automotive, Inc. is an electric vehicle manufacturer based in Southern California, with production facilities in Tunica, Mississippi, and Mishawaka, Indiana [7]. - The company has begun commercial vehicle production in Tunica as of August 2023, with its Mullen ONE and Mullen THREE models certified by the California Air Resource Board (CARB) and EPA [8]. Group 2: Sourcewell and NAFG Partnership - Sourcewell is a government agency that streamlines the procurement process for public entities by offering competitively solicited contracts [2][4]. - National Auto Fleet Group (NAFG) is a selected vehicle vendor under Sourcewell, providing fleet vehicle purchasing solutions to government and educational institutions [2][5]. Group 3: Financial Incentives - The 2024 Mullen THREE, with a suggested MSRP of $68,500, qualifies for a cash voucher of up to $45,000 under the California Air Resource Board's HVIP program, potentially reducing the net effective cost to less than $17,000 when combined with a $7,500 federal tax credit [3].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Mullen Automotive, Inc. securities during the specified Class Period, indicating potential legal issues surrounding the company's disclosures and business practices [1][5]. Group 1: Class Action Details - The class action lawsuit is filed for securities purchased between February 3, 2023, and March 13, 2024, and interested parties must act by April 14, 2025, to serve as lead plaintiff [1][3]. - Investors who purchased Mullen securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Allegations Against Mullen Automotive - The lawsuit alleges that Mullen made false and misleading statements regarding its intent to implement a reverse stock split, overstated deals with business partners, and misrepresented its battery technology capabilities [5]. - Specific allegations include failure to disclose material information about financing agreements and the CEO's knowledge of prior convictions related to financial crimes [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4].

LOS ANGELES, Feb. 21, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Mullen Automotive, Inc. ("Mullen" or "the Company") (NASDAQ: MULN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between February 3, 2023, and March 13, 2024, inclusive (the "Class Perio ...

Core Insights - Mullen Automotive has formed a strategic partnership with EO Charging to provide electrification solutions for Bollinger Motors' commercial fleet customers [1][2] - The partnership aims to enhance the transition to electric vehicles (EVs) by offering comprehensive charging infrastructure and support [3][4] Company Overview - Mullen Automotive, Inc. is an electric vehicle manufacturer based in Southern California, with production facilities in Tunica, Mississippi, and Mishawaka, Indiana [6] - Bollinger Motors, founded in 2015, specializes in all-electric commercial vehicles and became a majority-owned subsidiary of Mullen Automotive in September 2022 [5][7] Partnership Details - EO Charging will provide a full charge assurance solution, including charger installation, a complete tech stack, and 24/7 support, ensuring over 99% uptime [2][3] - The partnership will facilitate the deployment of the Bollinger B4 Chassis Cab, an all-electric Class 4 truck designed for commercial use [4][10] Product Information - The Bollinger B4 features a 158-kWh battery pack and is designed with input from fleet operators to ensure safety and capability [4][11] - Production of the Bollinger B4 began on September 16, 2024, with deliveries to customers starting in October 2024 [10][11] Market Position - EO Charging has successfully completed over 50 million charging sessions and has deployed over 100,000 charging units globally [2] - The partnership is expected to support the electrification of commercial fleets, enhancing sustainability and operational efficiency for businesses [4]