Yesterday, Mullen Automotive (NASDAQ:MULN) finished trading at less than $1 per share at close of markets. Many stocks took significant losses that day but for Mullen, this type of performance is particularly concerning. As InvestorPlace's Eddie Pan reports, if MULN stock fails to break the $1 mark for 30 consecutive days, it will receive a delisting notice from the Nasdaq. So far, the electric vehicle (EV) producer has managed to keep its spot on the exchange. But now its future looks increasingly uncertai ...

3-year lease option, starting at $475 per month plus applicable taxes and fees, includes scheduled vehicle maintenance bizEV lease program created with focus on individuals, small businesses and fleets available through Mullen authorized dealers BREA, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, today announces a new lease program for the Mullen ONE, Class 1 EV cargo van. The new lease program ...

On Friday, Mullen announced that it would resell up to 85 million shares upon the conversion of notes and the exercise of warrants. This is significant, as there were 24.85 million shares of common stock outstanding prior to the announcement. In other words, more dilution is on the way. MULN Stock Nears $1 After Filing to Resell 85 Million Shares As for the selling stockholders, the top three are Esousa Holdings, JADR Capital and Ault Lending. Esousa can resell up to 54.64 million shares, followed by JADR a ...

Randy Marion Automotive in receipt of payment in full and delivery has been made on four Mullen CAMPUS EV cargo vans BREA, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, today announces that DB Schenker, one of the world's leading transportation and logistics companies, has purchased four Mullen CAMPUS electric vehicles for use on Intel's technology campus in Chandler, Arizona, for mail and pack ...

BREA, Calif., July 24, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today GAMA, one of Mullen international distributors, has placed an order for 29 Mullen GOs, the Company's commercial micro urban delivery vehicle. The order is valued at $304,000 USD with shipment to GAMA planned for early August 2024. GAMA has extensive experience with electric vehicles in the Balkan market and has distributed more ...

Warranty availability is another important next step in bringing the Bollinger B4 to market. The company has reached several milestones in recent months, including: receiving the Certificate of Conformity from the Environmental Protection Agency; a 70 vehicle sale to Doering Fleet Management; a five vehicle sale to Spencer Manufacturing, which will upfit the vehicles into emergency rescue trucks; an 80 vehicle sale to Momentum Group; a 50 vehicle sale to EnviroCharge; the addition of Nacarato Truck Centers, ...

The Bollinger B4 is designed from the ground up with extensive fleet and upfitter input. Bollinger's unique chassis design protects the 158-kilowatt-hour, dual-battery pack and components to offer unparalleled capability and safety in the commercial market. The company anticipates deliveries of the Bollinger B4 to begin in the second half of 2024. Warranty availability is another important next step in bringing the Bollinger B4 to market. The company has reached several milestones in recent months, includin ...

The Mullen THREE was recently qualified for a $15,000 incentive through the State of Massachusetts MOREV program and a $45,000 cash rebate voucher through the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Program (HVIP). Mullen's Class 1 and Class 3 commercial vehicles are both in receipt of Environmental Protection Agency ("EPA") and CARB certifications and in full compliance with U.S. Federal Motor Vehicle Safety Standards. The Mullen THREE qualifies for a $15,000 incentive through t ...

Under the MOR-EV program, the Mullen ONE Class 1 EV cargo van, with a suggested MSRP of $34,500, is now approved for a MA state cash rebate of up to $3,500 When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen ONE would be approximately $23,500 Under MOR-EV, the 2024 Mullen ONE EV cargo van, with a suggested MSRP of $34,500, now qualifies for up to $3,500 cash voucher. When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen ...

This will have James Taylor taking over as the next CEO of the company. This has him replacing company founder Robert Bollinger. "I am grateful and excited for this opportunity to continue moving Bollinger Motors toward a leadership role in the electric vehicle industry. Robert and his team have done an incredible job of creating a world-class electric truck with the Bollinger B4, and the upcoming Bollinger B5. The response from the market has been very encouraging and we are well-positioned to disrupt the ...