Net Element Inc. (NASDAQ: NETE) Announces Merger Agreement with Internationally Distributed EV Company
NETE, Mullen Technologies sign definitive merger agreement Newly formed company will be dedicated to development of environmentally friendly, affordable technology offering energy solutions Agreement calls for Net Element’s wholly owned, newly formed subsidiary to acquire all outstanding shares of Mullen Net Element (NASDAQ: NETE), a global financial technology and value-added solutions group, has signed a definitive merger agreement with Mullen Technologies Inc. The agreement outlines a stock-for-stock reverse merger plan resulting in Mullen, a privately held electric vehicle company, and its stockholders owning a majority of the outstanding stock in the post-merger company (http://ibn.fm/5LwBp). “We are excited to move forward…