GreenCarNewsBreaks Archive - Page 7 of 43

ThursdayOct 26, 2023 1:27 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Request to Continue Listing Is Granted by NASDAQ Hearings Panel

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, was notified by the NASDAQ Hearings Panel that its request to continue listing on the NASDAQ capital market has been granted with two conditions. Those conditions call for the company to maintain a closing bid price of $1 per share for 20 consecutive trading sessions on or before Jan. 22, 2024, and hold an annual shareholder meeting on or before March 8, 2024. According to the announcement, the company held a meeting on Aug. 3, 2023, where proposals were approved by shareholders, but shareholders did not have an opportunity to…

MondayOct 23, 2023 11:14 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Releases Update on Progress of Action Filed Against Key Broker Dealers

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is reporting on the status of the lawsuit it filed against TD Ameritrade, Charles Schwab, National Finance Services and others alleging that those broker dealers engaged in a scheme to manipulate the share price of the company’s securities. Mullen filed the lawsuit in August 2023 in the United States District Court in the Southern District of New York. The company is seeking compensatory damages and injunctive relief from the defendants “unlawful conduct in violation of Section 10b and Rule 10b-5 promulgated thereunder of the Securities Exchange Act of 1934.” Earlier…

ThursdayOct 19, 2023 12:21 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Filing of Preliminary Proxy Statement

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it has filed a preliminary proxy statement with the Securities and Exchange Commission (the “SEC”) regarding a special stockholders’ meeting to be held on Dec. 15, 2023, to authorize Mullen’s board of directors to effect a reverse stock split of the company’s common stock at an exchange ratio between 1-for-2 to 1-for-100. Mullen expects that the board’s primary focus in determining whether or not to effectuate the reverse stock split will be the ability to obtain and maintain a continued price of at least $1.00 per share…

ThursdayOct 19, 2023 11:50 am

GreenCarNewsBreaks — Lightning Motorcycle, Announces Extension of Company’s Netcapital Investment Campaign

Lightning Motorcycle, manufacturer of the world’s most advanced electric motorcycles, is extending its fundraising campaign through Netcapital. The company manufactures fast-charging electric motorcycles designed to offer superior efficiency, performance and affordability compared to gasoline alternatives. Lightning Motorcycle is committed to reshaping the concept of what a two-wheeler can be as the world moves toward electrification. The company believes that two-wheelers are an “indispensable component of the global transportation network,” particularly in locations such as China, South Asia and Southeast Asia. According to the announcement, an estimated 45 million two-wheeled machines were sold in 2021, and those numbers are only expected…

TuesdayOct 17, 2023 9:55 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) ‘Strikingly Different’ Road Tour Lands at Sonoma Motor Speedway

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is seeing a striking response to its Strikingly Different road tour, which is designed to offer potential customers and other interested individuals an opportunity to directly interact with its vehicles. The tour’s next stop is scheduled on Oct. 23–24, 2023, at the Sonoma Motor Speedway. Those registering to attend the event will be contacted to reserve specific time slots, which allows them toe test drive specific Mullen vehicles. Mullen FIVE/GT/GTRS reservation holders have priority for booking time slots. “Join us on an exhilarating journey across the United States as we bring…

MondayOct 16, 2023 2:17 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports on Status of Commercial Vehicle Production

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has released a commercial vehicle production update for its Class 3 EV cab chassis trucks and Class 1 EV cargo vans. According to the report, the company is on track to produce 150 Class 3 EV trucks through December 2023 and to begin production and delivery of its Class 1 EV cargo van in Q4 2023. Specifically, the report noted that the company’s Class 3 production plans for the remainder of 2023 include an estimated 150 vehicles to be produced and delivered to Randy Marion Automotive Group (“RMA”), noting that…

MondayOct 09, 2023 11:48 am

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Appoints Marianne McInerney as Chief Strategy Officer

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced the appointment of Marianne McInerney as chief strategy officer. According to the announcement, McInerney will focus on growth opportunities and drive strategic initiatives for Mullen’s commercial, consumer vehicles and governmental affairs. McInerney has nearly two decades of experience in the automotive and transportation industry, during which she has advised multiple original equipment manufacturers, governmental entities and tier one suppliers and held vital positions at next-generation vehicle OEMs, the U.S. Department of Transportation, and the American International Automobile Dealers Association. “Marianne is a key addition to our team and…

ThursdaySep 28, 2023 12:47 pm

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Class 3 EVs Begin Shipping

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has delivered the first 10 class 3 EV Cab Chassis Truck to Randy Marion Automotive Group; the vehicles are invoiced at $630,000. According to the announcement, these first 10 vehicles are the initial shipment of an order for 1,000 class 3 vehicles, an order worth $63 million; the order was placed in May 2023. The company anticipates delivering an additional 150 EVs to Randy Marion by the end of 2023, with the remainder of the 1,000-vehicle order slated for delivery throughout 2024. Calling the delivery a “watershed moment” for the…

WednesdaySep 27, 2023 2:08 pm

GreenCarNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) CEO Issues Shareholder Update

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today shared an open letter to shareholders from its CEO David Michery. In the letter, Michery discusses updates on various matters, company milestones and initiatives, including the company’s strong balance sheet, its receipt of EPA certification for Class 3 EV commercial vehicles, status on the hearing granted before the Nasdaq Hearings Panel, its firm stance against manipulative trading in its stock, and numerous company highlights. “The company has achieved significant milestones and continues to deliver on our commitments,” Michery states in the letter. “I remain optimistic and committed that Mullen…

TuesdaySep 26, 2023 10:56 am

GreenCarNewsBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces Commercial Class 3 EV EPA Certification

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has reached a key milestone. The company announced that it has received full approval from the Environmental Protection Agency (“EPA”) with certification for class 3 EV commercial vehicles; the company received the notification on Sept. 22, 2023. According to the announcement, the company has also completed all testing requirements for its class 3 EV Cab Chassis Truck to meet Federal Motor Vehicle Safety Standards (“FMVSS”) and compliance. Mullen began production on its class 3 EVs last month, with the first vehicles rolling off the assembly line on Aug. 21, 2023.…

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