Mullen Automotive, Inc (MULN) Reports Preliminary Q2 Financial Results
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Mullen Reports Preliminary Summary of Financial Results for Second Quarter
May 13, 2022 7:30 AM EDTQ/Q cash and cash equivalents rose to +$65.2M, driven primarily by the issuance of Mullens Series C Preferred Stock at $8.84/share Notes payable, current portion fell approximately -10.8% Q/Q to $16.9M Total assets rose approximately 138.4% to slightly over +$100M, driven mainly by financing activities Stockholders equity rose favorably Q/Q from a deficit of -$10.5M to a surplus of +$52.6M Subsequent to the period ended March 31, 2022, Mullen Automotive Inc. entered into an... More
