MULN stock closed Wednesday 19, trading at $0.3400 as of 04:00 PM EDT
Electric Last Mile Solutions ( OTCMKTS:ELMS ), a failed electric vehicle (EV) manufacturer, sold its assets, including its manufacturing facility, inventory, and intellectual property, to Mullen Automotive ( NASDAQ:MULN ).
Mullenâ€
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The Class 1 and Class 3 commercial delivery trucks from Mullen will be introduced in 2023 with the assistance of the ELMS assets. The commercial product platforms will be put together at Mullenâ€
All Mullen and Bollinger Class 1 to 6 commercial vehicles will be manufactured in Tunica, which will develop into a hub for the industry. Mullenâ€
Developments Behind MULN Stock Performance
The $92 million “stalking horse†asset purchase bid by Mullen for the bankrupt EV firm pre…
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