Mullen Automotive Updates Investors on Post Merger Share Count

BREA, Calif., Nov. 04, 2021 (GLOBE NEWSWIRE) -- via InvestorWire --  Mullen Automotive, Inc. (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element, Inc. (NASDAQ: NETE) in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company, announces today that the number of fully diluted shares upon completion of the merger will be 32% less than the 75 million shares originally contemplated in the merger agreement with Nete Element, Inc.