Mullen CEO David Michery Publishes Open Letter to Shareholders Addressing Declining Stock Values

August 24, 2023

(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today shares an open letter to Mullen shareholders addressing declining stock values. Here are some recent highlights of company success:Financial Highlights:The Company had cash balances of $227.4 million on June 30, 2023. The Company’s total assets on June 30, 2023, were $600.0 million and total debt was only $7.3 million. Forward-Looking StatementsCertain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements.

The source of this news is from Mullen Automotive