GreenCarNewsBreaks Archive - Page 43 of 43

WednesdayAug 05, 2020 9:30 am

GreenCarNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Enters Definitive Merger Agreement with Mullen Technologies, Inc.

Net Element (NASDAQ: NETE) today announced the execution of a definitive agreement to merge with privately held Mullen Technologies, Inc., a Southern California-based electric vehicle company. According to the update, in the stock-for-stock reverse merger, Mullen’s shareholders will receive a majority of the outstanding stock in the post-merger company. “Our team at Mullen Technologies is very proud to take the next step in completing this acquisition of Net Element," Mullen’s CEO and Founder David Michery stated in the news release. "Mullen is dedicated to the development of environmentally friendly, affordable technology that will bring energy solutions to consumer products and…

FridayJul 17, 2020 11:30 am

GreenCarNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Pending Merger Partner Enters LOI for EV Assembly, EV Battery Production Facility in Spokane

Mullen Technologies, Inc., a Southern California-based electric vehicle (“EV”) company that recently entered an agreement to merge with global technology and value-added solutions group Net Element (NASDAQ: NETE), today announced the extension of its letter of intent (“LOI”) with S3R3 Solutions to assemble EVs and manufacture EV batteries in Spokane, Washington. Mullen's plan to use the 1.3 million square feet of assembly, manufacturing and research and development facilities in the West Plains is comprised of two phases. First, Mullen’s plans to use an initial facility of 500,000 square feet to start the assembly of electric vehicles and development of its…

MondayJul 13, 2020 12:55 pm

GreenCarNewsBreaks – Tesla Inc.’s (NASDAQ: TSLA) Second Payout to Elon Musk and Steady Climb Highlighted in CNN Business Article

At the end of May, Tesla (NASDAQ: TSLA), granted CEO Elon Musk stock options that are today worth $1.8 billion. Now it’s about to do that again, according to a recent article on CNN Business by Chris Isidore titled, “Elon Musk about to get another $1.8 billion payday from Tesla.” According to the article, “Musk's pay package, approved by Tesla shareholders in 2018, doesn't pay him any salary or cash bonuses. Instead, it laid out a plan that could eventually give him 20.3 million stock options over the course of 10 years, in 12 equal blocks of 1.7 million options,…

MondayJul 13, 2020 10:30 am

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) Provides Update on Pending Mullen Technologies Merger; Mullen Enters LOI to Acquire EV Manufacturing Plant

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale ("POS"), e-commerce and mobile devices, today provided an update on the pending merger with Mullen Technologies, Inc., a Southern California-based electric vehicle (“EV”) company. "We are working earnestly on due diligence and other matters in the hope of bringing this merger to fruition for the benefit of our shareholders,” Oleg Firer, executive chairman and CEO of Net Element, said in the news release. “The EV industry continues showing robust growth and if consummated, we believe the merger can…

MondayJun 29, 2020 2:51 pm

GreenCarNewsBreaks – Pending Merger of Net Element, Inc. (NASDAQ: NETE) and Mullen Technologies Featured in The Spokesman Review

The pending merger of Net Element (NASDAQ: NETE) and Mullen Technologies, Inc. was featured in a recent article on The Spokesman Review titled, “Mullen Technologies’ plans for electric sports car manufacturing facility on the West Plains could accelerate under proposed merger.” The article, written by Amy Edelen, reads, “California-based Mullen Technologies could be one step closer to manufacturing its electric sports car on the West Plains with a recently announced merger that, if approved, would allow the company to become a publicly traded company.” This news follows Net Element’s announcement, last week, of its entry into a binding Letter of…

TuesdayJun 23, 2020 1:00 pm

GreenCarNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) MEG Secures Order for 200 Electric Vehicles

Ideanomics (NASDAQ: IDEX) on Monday announced that its subsidiary Mobile Energy Global (“MEG”) has secured an order from the city of Neijiang in Sichuan Province. According to the update, the order is for a total of 200 electric vehicles (“EVs”) valued at RMB 24 Million, or USD 3.2 Million, or approximately USD 16,000 per vehicle. The order will be fulfilled with Dongfeng Liuzhou S50EV models and delivery of the vehicles to Neijiang City is expected to be completed mid-July, subject to final negotiations with manufacturers, financing, government licensing, etc. To view the full press release, visit http://nnw.fm/oo9Jj About Ideanomics Ideanomics…

TuesdayJun 16, 2020 1:09 pm

GreenCarNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Enters LOI to Merge with Electric Vehicle Company Mullen Technologies

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce and mobile devices, Monday announced its entry into a binding Letter of Intent (“LOI”) to merge with privately-held Mullen Technologies, Inc., a Southern California-based electric vehicle company. According to the update, in the stock-for-stock reverse merger, Mullen's stockholders will receive the majority of the outstanding stock in the post-merger Company. Pending receipt of requisite approvals, the current Net Element management team and board of directors will resign at closing of the merger, with exception to Oleg…

WednesdayApr 29, 2020 12:47 pm

GreenCarNewsBreaks – Tesla Inc.’s (NASDAQ: TSLA) Potential to Make a 2020 Debut to the Prestigious S&P 500 Club

A recent Nasdaq Markets article submitted by Zacks Equity Research titled, “Is Tesla on Track to Join the Elite S&P 500 Index This Year?” covers the significant impact Tesla (NASDAQ: TSLA) has had on the auto industry and considers when the Zacks Rank #3 (Hold) company may enter the prestigious S&P 500 club. The article reads, “Despite some concerns, the narrative for this stock’s $115-billion market cap is still compelling, considering how quickly the firm has been building out its base. If Tesla gets added to the S&P list, the company will most likely witness short-term gains as stocks do…

WednesdayMar 11, 2020 11:54 am

GreenCarNewsBreaks – Nikola Corporation (NASDAQ: NKLA) and VectoIQ Acquisition Corp. to Create NASDAQ-Listed Company Focused on Next Gen Smart Transportation

Nikola Corporation (NASDAQ: NKLA), a leader in the design and development of BEV and FCEV class 8 semi-trucks, along with VectoIQ Acquisition Corp., a publicly-traded special purpose acquisition company, recently announced entry into a definitive agreement to create a company focused on the development of next generation smart transportation. Per the update, the combined company will be named Nikola Corporation and expected to remain NASDAQ-listed under the new ticker symbol "NKLA" upon the closing of the transaction. “In our two-year quest to find a partner that was a proven technology leader and focused on making a global difference, Nikola was…

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