IPO - MULLEN AUTOMOTIVE INC.

Form Type: S-1/A

Filing Date: 2025-06-30

Corporate Action: Ipo

Type: Update

Accession Number: 000182912625004808

Filing Summary: Mullen Automotive Inc. is filing an amendment to their registration statement under the Securities Act of 1933. This Amendment No. 2 to Form S-1/A indicates that Mullen is proposing to register up to 40 million shares of its common stock for resale by certain stockholders. The shares are linked to outstanding convertible notes and warrants that were issued as part of various securities purchase agreements in 2024 and 2025. As of June 24, 2025, the company reported approximately $33.5 million in aggregate principal amount of convertible notes outstanding, convertible into approximately 29.6 million shares of common stock, alongside warrants for an additional 68.2 million shares, representing a significant beneficial ownership. The company has positioned itself within the commercial electric vehicle market, particularly following its acquisition of Bollinger Motors, enabling an expansion into the commercial truck segment. Mullen emphasizes the potential impact of selling stockholders on the common stock market price, indicating that substantial resales could lead to significant price volatility. The document details the risks associated with investment and the absence of underwriting in this specific offering, emphasizing that Mullen will not receive proceeds from the resale of these shares. The company also discusses being classified as a smaller reporting company eligible for reduced reporting requirements under federal securities laws.

Form Type: S-1/A

Filing Date: 2025-06-10

Corporate Action: Ipo

Type: Update

Accession Number: 000182912625004381

Filing Summary: Mullen Automotive Inc., a Delaware corporation, is amending its registration statement on Form S-1/A for the resale of up to 4,000,000 shares of its common stock by certain stockholders. The shares are issuable upon conversion of outstanding convertible notes and exercise of warrants. The amendment reflects details of outstanding notes amounting to approximately $34.5 million, convertible into approximately 6.5 million shares of common stock, and warrants for approximately 13.1 million shares. The company recently implemented a reverse stock split of 1-for-100 on June 2, 2025. Additional funds were raised through various securities purchase agreements in May 2024, January 2025, and February 2025, leading to a potential increased investment by stockholders. Mullen’s strategic focus has shifted toward the commercial electric vehicle market, particularly following its acquisition of Bollinger Motors to enhance its positioning in this market. The registration does not guarantee that stockholders will liquidate the shares, and Mullen will not receive proceeds from the sales apart from any cash from warrant exercises. A significant risk factor highlighted is the company's status as a 'smaller reporting company' under federal regulations.

Form Type: S-1

Filing Date: 2025-03-04

Corporate Action: Ipo

Type: New

Accession Number: 000182912625001455

Filing Summary: Mullen Automotive Inc. has filed a registration statement on Form S-1 with the SEC for the resale of up to 10,000,000 shares of its common stock. The shares are being offered by specific investors outlined in the 'Selling Stockholders' section of the prospectus. The offering is tied to previously issued convertible notes worth approximately $18.9 million and associated warrants. These notes and warrants were issued under two separate securities purchase agreements on May 14, 2024, and January 23, 2025, allowing investors to convert and exercise their interests in a structured manner. The registration also indicates the company maintains a business focus in the electric vehicle market and has completed strategic acquisitions to enhance its position in the commercial EV sector. Additionally, it aims to raise public capital for its operations and project developments, confirming it operates as a smaller reporting company under SEC regulations. Proceeds from this offering will not benefit the company directly, as the funds will go to the selling stockholders, except for any cash proceeds from warrant exercises.

Form Type: S-1/A

Filing Date: 2025-02-06

Corporate Action: Ipo

Type: Update

Accession Number: 000182912625000754

Filing Summary: This document is Amendment No. 3 to the Registration Statement on Form S-1 for Mullen Automotive Inc. The purpose of this amendment is to file Exhibits 4.2(a) and 5.1 as part of the registration statement and to restate the list of exhibits in Item 16 of Part II. No other changes have been made to the registration statement, which remains unchanged from Amendment No. 2 filed on January 29, 2025. The estimated expenses related to the offering are outlined, totaling approximately $180,267, which includes SEC registration fees, legal fees, accounting fees, printing expenses, and miscellaneous expenses. The document indicates that the registrant is classified as a non-accelerated filer and a smaller reporting company, and it also highlights provisions for the indemnification of directors and officers under Delaware law. Recent sales of unregistered securities are summarized, showing various issuances of common and preferred stocks, as well as warrants, alongside details of financial arrangements with investors.

Form Type: S-1/A

Filing Date: 2025-01-29

Corporate Action: Ipo

Type: Update

Accession Number: 000182912625000541

Filing Summary: Mullen Automotive Inc., a Southern California-based technology and automotive company, is amending its registration statement for a proposed IPO. The company plans to offer up to 50,000,000 shares of common stock, convertible from existing convertible notes and warrants held by selling stockholders. As of January 27, 2025, Mullen has approximately $14.3 million of notes convertible into 19,913,254 shares of common stock and warrants for an aggregate of 8,405,988 shares. The prospectus outlines Mullen's recent acquisitions in the Commercial Electric Vehicle market, including Bollinger Motors and Electric Last Mile Solutions, which have strategically positioned the company in an under-competitive market. Mullen emphasizes the potential for significant growth in delivering commercial trucks and plans to launch production at its Tunica, Mississippi facility. There are no proceeds anticipated from the sale of shares by selling stockholders, apart from any cash received from warrant exercises. Mullen's shares are listed on The Nasdaq Capital Market under the symbol 'MULN'.