TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces $25M Stock Buyback Program

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that its board of directors has authorized a stock buyback program. Under the program, the company may, until Dec. 31, 2023, purchase up to $25 million in shares of its outstanding common stock. The shares may be repurchased, from time to time, in the open market or in privately negotiated transactions depending upon market conditions and other factors, and in accordance with regulations of the Securities and Exchange Commission (the “SEC”). “We are initiating this buyback program as an attractive opportunity to deploy capital and return value to our shareholders,” said David Michery, CEO and chairman of Mullen Automotive.

To view the full news release, visit https://ibn.fm/DC3yY

About Mullen Automotive Inc.

Mullen is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. For more information about the company, visit www.MullenUSA.com.

NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN

About TechMediaWire

TechMediaWire (“TMW”) is a tech-focused financial news and content distribution company, one of 50+ brands within IBN, providing: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a specialized communications platform with an extensive team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public tech companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By putting a spotlight on the latest and greatest in the tech industry, TMW brings its clients unparalleled visibility, recognition and brand awareness. TMW is where investors come to learn about the next big things in tech and the companies that are making them happen.

To receive SMS text alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.TechMediaWire.com

Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://TechMediaWire.com/disclaimer

TechMediaWire (TMW)
Los Angeles, CA
www.TechMediaWire.com
212.418.1217 Office
Editor@TechMediaWire.com

TechMediaWire is part of IBN.

TechMediaWire

Share
Published by
TechMediaWire

Recent Posts

TechMediaBreaks – NextPlat Corp (NASDAQ: NXPL) Issues CEO Update, Reaffirms Commitment to Growth Following Leadership Transition

NextPlat (NASDAQ: NXPL, NXPLW) released a shareholder letter from Interim CEO expressing confidence in the…

3 hours ago

TechMediaBreaks – Adageis Brings Key Advantages in Pivot to Value-Based Healthcare

Adageis offers providers tools that simplify operations and improve financial performance as healthcare shifts further toward…

4 days ago

TechMediaBreaks – BluSky AI Inc. (OTC: BSAI) Taps IBN to Lead Communications Strategy for Modular AI Data Center Push 

BluSky AI (OTC: BSAI), a developer of modular, GPU-centric data center infrastructure, has engaged IBN…

4 days ago

TechMediaBreaks – Nightfood Holdings Inc. (NGTF) Poised to Disrupt Hospitality with AI and Automation

Nightfood Holdings’ (OTCQB: NGTF) new leadership team is poised to leverage combined expertise to facilitate the…

5 days ago

TechMediaBreaks – Beeline Holdings, Inc. (NASDAQ: BLNE) Completes Historic Crypto-Backed Home Purchase Through Beeline Title

Beeline Holdings (NASDAQ: BLNE),  a fast-growing digital mortgage platform, announced that its subsidiary, Beeline Title…

5 days ago

TechMediaBreaks – Titan Partners Group LLC Leads $200 Million Private Placement for Quantum Computing (NASDAQ: QUBT)

Titan Partners, a division of American Capital Partners, is acting as sole placement agent in…

5 days ago