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Mullen Automotive Provides Fiscal First Quarter 2023
BREA, Calif., Feb. 14, 2023 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced a financial update for its fiscal first quarter in 2023 ending December 31, 2022. Fiscal First Quarter 2023 and Recent Highlights Include: Mullen completed the purchase of ELMS’ (Electric Last Mile Solutions) assets in an all-cash $105 million purchase in November 2022 on the heels of the successful acquisition of a controlling interest in Bollinger Motors in September 2022. The Company has over $100 million in cash (includes restricted cash available for Company use) available for operations and investment at December 31, 2022. The Company has…