Mullen brings in the funds to close on Electric Last Mile deal

seekingalpha2022-11-18

Mullen Automotive (NASDAQ:MULN) traded higher on Thursday after it confirmed it brought in $150M to be used in part to close on the acquisition of assets from Electric Last Mile Solutions (ELMS). CEO ...

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CEO ...</p>\n\n<a href=\"https://seekingalpha.com/news/3909301-mullen-brings-in-the-funds-to-close-on-electric-last-mile-deal\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mullen brings in the funds to close on Electric Last Mile deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMullen brings in the funds to close on Electric Last Mile deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-18 01:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3909301-mullen-brings-in-the-funds-to-close-on-electric-last-mile-deal><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mullen Automotive (NASDAQ:MULN) traded higher on Thursday after it confirmed it brought in $150M to be used in part to close on the acquisition of assets from Electric Last Mile Solutions (ELMS). CEO ...</p>\n\n<a href=\"https://seekingalpha.com/news/3909301-mullen-brings-in-the-funds-to-close-on-electric-last-mile-deal\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MULN","symbol_name":"Mullen Automotive","start_time":0,"source_url":"https://seekingalpha.com/news/3909301-mullen-brings-in-the-funds-to-close-on-electric-last-mile-deal","article_id":"2284791195","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1345912457/image_1345912457.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2284791195","pubTimestamp":1668704431,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Mullen Automotive (NASDAQ:MULN) traded higher on Thursday after it confirmed it brought in $150M to ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MULN":"Mullen Automotive","BK4099":"汽车制造商"},"translate_title":"马伦带来资金，以完成电力最后一英里交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ELMS":1,"MULN":1},"content_text":"Mullen Automotive (NASDAQ:MULN) traded higher on Thursday after it confirmed it brought in $150M to be used in part to close on the acquisition of assets from Electric Last Mile Solutions (ELMS). CEO David Michery said the company expects to close very quickly on the deal for ELMS assets, which include a factory in Indiana, intellectual property, inventory, equipment, and machinery.  The asset deal is expected to accelerate Mullen's market introduction of its cargo van program and provide it with critical manufacturing capacity at a much lower investment than previously expected. \"The completion of this acquisition brings together the critical enablers for our business strategy. With our Mullen, Bollinger and ELMS assets, as well as our plants, we are now in a unique position to be a leader in the new EV auto market,\" noted Michery. 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