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$MULN Latest Shorts Data, Mullen Automotive fully funded and closed on its majority acquisition

$MULN Latest Shorts Data, Mullen Automotive fully funded and closed on its majority acquisition

BREA, Calif., September 09, 2022– via InvestorWire – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, issues a response to shareholders today regarding its recent majority acquisition of Bollinger Motors, Inc.

bollinger_head image

Deal Funded and Closed on Sept. 7, 2022

David Michery, CEO and chairman of Mullen Automotive said, “All cash and stock required to close the Bollinger transaction on Sept. 7, 2022, has been funded or placed in escrow as required by the transaction documents. We are excited about the opportunities this acquisition brings and look forward to updating our shareholders with the positive outcomes resulting from this transaction.”

B4-01-PNG-sm-2048x1325Bollinger B4: Class 4 Commercial Medium Duty Truck

For more information regarding the transaction, please refer to the Current Report on Form 8K filed with the Securities and Exchange Commission on Sept. 8, 2022.

3 Bollinger B4 Chassis 1Bollinger B4 Chassis: Class 4 Commercial Truck Chassis

MULN STOCK UPDATE:

Short Interest62,303,662 shares – source: NASDAQ
Short Interest Ratio0.64 Days to Cover
Short Interest % Float15.24% – source: NASDAQ (short interest), Capital IQ (float)
Off-Exchange Short Volume64,625,942 shares – source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio49.05% – source: FINRA (inc. Dark Pool volume)

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