MULLEN AUTOMOTIVE INC
For the period ended Sep 30, 2024. Filed Jan 24, 2025.
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FY2024 · Filed Jan 24, 2025
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Item 9B. Other Information
On July 18, 2024, the Company entered into an Asset Purchase Agreement with Mullen Technologies, Inc. (“MTI”), pursuant to which the Company assumed a lease for premises located in Oceanside, California and all equipment and inventory in the premises, as well as staffing and other infrastructure for vehicle sales and repairs for consideration of $1.4 million. The Company’s CEO has a controlling financial interest and is Chairman of MTI. For further information, seeNote 4 - Business Acquisitions in the notes to the Company’s consolidated financial statement include in this Report.
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