IBN Coverage: Mullen Automotive (NASDAQ: MULN) Announces Plans to Establish Mullen Credit Corporation to Support Dealers, Customers [Yahoo! Finance]
Mullen Automotive, Inc. (MULN)
Company Research
Source: Yahoo! Finance
LOS ANGELES, CA - ( NewMediaWire ) - October 14, 2024 - Mullen Automotive (NASDAQ: MULN) , an emerging electric vehicle ("EV") manufacturer, today announced plans to establish Mullen Credit Corporation ("MCC") as its wholly owned subsidiary. According to the announcement, MCC will offer vehicle floor planning, enabling the company's growing dealership network to finance inventory upfront and repay the loan plus interest once the vehicle is sold. MCC will also provide fleet and small business customers with attractive financing options. "Our business is experiencing rapid growth, with projected sales for 2025 expected to increase significantly. Consequently, our financing needs have also evolved," said David Michery, Chairman and CEO. "Mullen Credit Corporation will provide financing flexibility for our dealers and customers as we pursue accelerated growth and expand our market share." To view the full press release, visit https://ibn.fm/mRTDG About Mullen Automotive Inc. Mull
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MULN
News
- Mullen Automotive regains compliance with Nasdaq [Seeking Alpha]Seeking Alpha
- Mullen Regains Full Nasdaq Compliance [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Mullen Regains Full Nasdaq ComplianceGlobeNewswire
- What's Going On With Mullen Automotive Shares Monday? [Yahoo! Finance]Yahoo! Finance
- Mullen Automotive to establish Mullen Credit Corporation [Seeking Alpha]Seeking Alpha
MULN
Sec Filings
- 10/7/24 - Form 8-K
- 10/4/24 - Form S-1
- 10/2/24 - Form 8-K
- MULN's page on the SEC website