GreenCarNewsBreaks Archive - Page 54 of 55

WednesdayAug 19, 2020 11:51 am

GreenCarNewsBreaks – Net Element Inc. (NASDAQ: NETE) Clarifies Share Information in Shareholder Letter

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, is sharing clarification regarding the expected number of shares that will be outstanding at closing of its pending merger with Mullen, if approved. The additional information was shared in a letter from NETE executive chairman and CEO Oleg Firer, which was released on Aug. 19, 2020. The letter noted that the merger agreement provides for a cap of 75 million outstanding shares at transaction closing, an amount that cannot be exceeded without approval from both parties. The letter also…

TuesdayAug 18, 2020 3:31 pm

GreenCarNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Receives Valuation by Zacks Small-Cap Research

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (“POS”), e-commerce and mobile devices, has received a valuation by Zacks Small-Cap Research (“ZCR”). Among other highlights, the ZCR report cites NETE’s agreement to merge with Mullen Technologies, an electric vehicle assembler and manufacturer. The Mullen merger is anticipated to close in Q4 of 2020. The report reads, “Using the electric vehicle peer valuation of 10x EV/sales, and owning 15-21.7% of the post merger company the company could be worth $30.00 per share once the deal closes and…

FridayAug 14, 2020 10:28 am

GreenCarNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Announces Q2 2020 Financial Results

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (“POS”), e-commerce and mobile devices, on Thursday reported its financial results for the second quarter ended June 30, 2020. "The COVID-19 pandemic continued to negatively impact our financial results during the second quarter of this year. Our ability to adapt quickly by implementing safety protocols to protect our employees has been successful so far, and we are happy to report we have had zero cases of COVID-19 among our employees. We also implemented cost-cutting initiatives while boosting support…

TuesdayAug 11, 2020 12:35 pm

GreenCarNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Pending Merger Partner to Present at J.P. Morgan Virtual Auto Conference

Mullen Technologies ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer and technology company, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE) in a stock-for-stock reverse merger, today announced that the Company will present at the J.P. Morgan Virtual Auto Conference. During the presentation, scheduled to take place at 9:20 a.m. Eastern Time on Wednesday, August 12, Mullen’s CEO, David Michery, will outline the Company's path to electric vehicle production in 2022 and its proprietary technology platform. Interested parties may access the Company’s presentation live at J.P Morgan/MullenTech. A question and answer session for…

MondayAug 10, 2020 10:27 am

GreenCarNewsBreaks – Mullen Technologies, Inc., with Net Element, Inc. (NASDAQ: NETE), Announces Independent Testing Results of Its Solid-State Polymer Battery Technology

Mullen Technologies, Inc. ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer and technology company, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE), in a stock-for-stock reverse merger in which Mullen's stockholders will receive a majority of the outstanding stock in the post-merger company, today announced results from the independent testing of its licensed solid-state polymer battery technology. According to the update, the testing was undertaken by EV Grid, Inc. ("EV Grid"), an independent lab based in San Dimas, California. The results support that the technology may be capable of enabling an electric vehicle…

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…

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