Mullen Announces Moratorium on New Financings for Balance of 2023; Company Has Sufficient Capital for at Least the next 12 Months
Remaining investor option expires on June 30, 2023 Company assets are free and clear with the exception of $7.3M outstanding debt BREA, Calif., June 21, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today an investor financing moratorium for the balance of 2023 and that the Company has sufficient capital on hand…