Mullen Continues Acquisition Path With Purchase of ELMS Assets Including Factory in Mishawaka, IN., Enabling EV Production for Retail and Commercial Vehicle Lines

In the Chapter 7 approved transaction, Mullen will acquire ELMS’ manufacturing plant, all inventory, and intellectual property. Manufacturing optimization will include moving the Mullen FIVE EV Crossover production to the Mishawaka Factory from the Tunica, MS facility. The ELMS acquisition will be completed as an all-cash purchase. 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.