Mullen Automotive Inc. Announces Merger Completion, New Appointments

Mullen Automotive MULN, an emerging electric vehicle (“EV”) manufacturer, today announced that its reverse merger transaction with Net Element is now complete. According to the update, the combined company will operate under the name Mullen Automotive Inc., with shares of Mullen Automotive now trading on the Nasdaq Capital Market under the ticker symbol MULN. “We are excited to have completed this merger and our transition to a public company and welcome the Net Element shareholders to Mullen,” said Mullen Automotive CEO and Chairman David Michery.

“With the completion of this corporate action, we believe that we are well-positioned to continue to further develop our electric vehicle technologies and advance the development and deployment of our previously announced vehicles.”

In addition, the company announced its appointment of Dr. Marc Papakyriakou as Battery R&D Manager, Dr. George Qingyuan Hu as Vehicle Program Manager — China Operations, and Jillian Green as VP of Business & Legal Affairs. “I am very pleased to have Jillian, Marc, and George on board. Their expertise is a great addition to the Mullen team and comes at a crucial time for the organization, as we just listed on the NASDAQ last week through a reverse merger with Net Element Inc.,” Michery said in the news release. “Our business is scaling quickly, and we will continue to ramp up the ranks of our team as necessary.”

To view the full news releases, visit https://ibn.fm/AP7Ui and https://ibn.fm/HdkPN

About Mullen Automotive Inc.

Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership. For more information about the company, visit www.MullenUSA.com.

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