Mullen Automotive, Inc. - Common Stock (MULN)

As countries worldwide move to phase out fossil fuels in favor of renewables, Pacific nations are adopting a variety of clean energy strategies to keep pace with the global green transition. While these nations may lack the financial power of larger economies, they’ve taken innovative steps to promote renewable energy generation and use.

NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Mullen Automotive, Inc. (NASDAQ:MULN) on behalf of long-term stockholders following a class action complaint that was filed against Mullen on March 26, 2025 with a Class Period from May 1, 2022 to March 26, 2025. Our investigation concerns whether the board of directors of Mullen have breached their fiduciary duties to the company.

Despite the challenges that the electric vehicle industry has faced in recent months, most experts agree that EVs will have a notable effect on global greenhouse gas emissions . By replacing the conventional internal combustion engine with a battery pack and electric drivetrain, automakers can cut down tailpipe emissions to zero, allowing the auto industry to significantly reduce its impact on the environment.

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced a 20-unit order of its all-electric Class 3 Mullen THREE trucks from Houston-based logistics company Cashflow on Wheels. Valued at approximately $1.4 million, the order will be fulfilled by Mullen dealer Pritchard Automotive. Cashflow on Wheels, which services clients such as FedEx and Amazon, cited cost savings of over $500 per route per week from EV testing as the catalyst for its transition to electric vehicles.

First 20 vehicles will be delivered in May to Cashflow on Wheels for FedEx routes in Texas and Georgia

The United States reached a major clean energy milestone in March after renewable energy sources supplied more electricity to the national grid than fossil fuels. According to new data from the energy think tank Ember, clean energy accounted for just over half of America’s electricity mix, surpassing fossil fuels for the first time in history. The shift highlights the momentum of renewable energy adoption, even amid efforts by the current administration to scale back climate initiatives .

NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Mullen Automotive, Inc. (NASDAQ:MULN) on behalf of long-term stockholders following a class action complaint that was filed against Mullen on March 26, 2025 with a Class Period from May 2022 to March 2025. Our investigation concerns whether the board of directors of Mullen have breached their fiduciary duties to the company.

Mullen Automotive (NASDAQ: MULN) announced that its subsidiary, Bollinger Motors, has delivered the first 2025 Bollinger B4 electric truck to EnviroCharge for conversion into a mobile Level 3 charging unit. The upfitted truck will debut at the ACT Expo 2025 in Anaheim before being deployed in California to address growing EV infrastructure demand. EnviroCharge selected the Class 4 B4 platform for its performance and reliability, supporting its mission to expand on-the-go charging. Bollinger Motors’ trucks also qualify for up to $120,000 in incentives across multiple federal and state programs.

Initial EnviroCharge Bollinger B4 Truck to be upfitted as Mobile Charging Unit for reveal at ACT Expo on April 28, 2025

An electric vehicle startup backed by Amazon founder and billionaire Jeff Bezos plans to develop a $25,000 electric truck for the small but rapidly expanding EV truck segment. At just $25,000, this electrified truck would be the cheapest electric truck and one of the cheapest electric vehicles on the U.S. market.

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mullen Automotive, Inc. (“Mullen” or the “Company”) (NASDAQ: MULN) and reminds investors of the April 14, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Initial order includes Mullen ONE Class 1 EV cargo van for maintenance and material transport tasks with additional orders to follow

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Mullen To Contact Him Directly To Discuss Their Options

NEW YORK, April 12, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Mullen Automotive, Inc. (“Mulllen” or the “Company”) (NASDAQ: MULN).   Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

Mullen Automotive (NASDAQ: MULN) will implement a 1-for-100 reverse stock split effective April 11, 2025, aiming to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Post-split, Mullen’s common stock will continue to trade under the ticker MULN, with a new CUSIP of 62526P703. The move, approved by shareholders in March, will reduce the number of outstanding shares from approximately 220 million to 2.2 million and apply proportionate adjustments to equity instruments. No fractional shares will be issued, with all such holdings rounded up.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Mullen To Contact Him Directly To Discuss Their Options

Electric vehicles (EVs) are becoming more popular every day, but they still face a big challenge; weight. Compared to traditional cars that use petrol or diesel, EVs are much heavier. One major reason for this is their large battery packs. For example, the Chevrolet Silverado EV weighs nearly 9,000 pounds, making it one of the heaviest vehicles on the road.

BREA, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that it will effect a 1-for-100 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective on April 11, 2025, at 12:01 a.m. Eastern Time. The Common Stock will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the existing symbol MULN and will begin trading on a split-adjusted basis when the market opens on April 11, 2025. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P703.

The Inflation Reduction Act (IRA) has been instrumental in creating new jobs in America’s growing electric vehicle (EV) industry. Passed in 2022 by the Biden administration, the landmark measure invested heavily in EV production and infrastructure, dedicating tens of billions of dollars to deploying public charging stations and supporting domestic EV manufacturing.

NEW YORK, April 07, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Mullen Automotive, Inc. (“Mulllen” or the “Company”) (NASDAQ: MULN).   Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Mullen To Contact Him Directly To Discuss Their Options

As summer approaches, many electric vehicle (EV) owners are excited about road trips. But one big worry remains; running out of battery power before reaching a charging station. This concern, known as range anxiety, makes long-distance travel stressful for many EV drivers. However, scientists at SINTEF have developed a new self-healing battery that could solve this problem for good.

Mullen Automotive (NASDAQ: MULN) announced that its Mullen and Bollinger commercial electric vehicles are fully assembled in the United States and exempt from recently announced tariffs on vehicles and components. With 67% and 71% of components sourced domestically for Mullen and Bollinger respectively, the company emphasizes its commitment to U.S. manufacturing and supply chain stability. Mullen’s lineup includes the Mullen ONE and Mullen THREE, while Bollinger offers the B4 chassis cab, which began deliveries in October 2024.

The Trump administration is continuing its trend of rescinding funds dedicated to green energy and climate change by the Biden administration. A document from the U.S. Department of Energy (DOE) has revealed that the current administration is canceling grants for renewable energy projects, putting more than 300 initiatives at risk of closure.