Mullen Series D Holders Exercise Final $100 Million Investment Option Prior to June 30, 2023, Expiration

(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that on June 23, 2023, its Series D investors exercised their final option, expiring June 30, for $100 million. The exercise of the option has resulted in additional funding to the Company of $100 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. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.