Net Element Shares Gain On SEC's Approval Of Mullen Automotive Merger

by Anusuya Lahiri, Benzinga Editor

September 27, 2021 4:23 PM | 1 min read |

Emerging electric vehicle manufacturer Mullen Automotive, Inc declared the SEC ratifying the Net Element NETE merger.
The SEC has declared effective the S-4 registration statement of the shares of the merger.
The shareholders and boards of both companies have approved the deal.
Mullen is awaiting a final response from NASDAQ regarding compliance with its listing standards.
Mullen previously announced a definitive stock-for-stock reverse merger agreement with Net Element. Mullen's stockholders will receive a majority of the outstanding stock in the post-merger company.
Meanwhile, Mullen will be debuting the FIVE EV Crossover this coming November 2021 at the Los Angeles International Auto Show.
Price Action: NETE shares closed higher by 1.77% at $9.19 on Monday.

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