Mullen Automotive Secures $14.4 Million Through New Agreements

LOS ANGELES, CA – Mullen Automotive Inc. announced on May 29, 2025, that it has entered into two securities purchase agreements with investors, allowing the company to issue secured notes and warrants. This move is expected to raise approximately $14.4 million to enhance the company’s financial health.

The funds aim to bolster Mullen Automotive’s financial position and provide investors the rights to purchase additional notes and warrants. This could have a substantial impact on the company’s market dynamics and stakeholder interests.

According to Spark, an analyst with TipRanks, the stock for Mullen Automotive (MULN) currently holds a Neutral rating. The company has struggled with poor financial performance, characterized by significant profitability and liquidity issues.

Despite indications of continued bearish momentum in trading, there have been some positive strategic developments within the company. However, these improvements have yet to outweigh the underlying financial challenges Mullen faces, contributing to a low overall stock score.

Mullen Automotive specializes in the automotive industry, focusing primarily on creating and manufacturing electric vehicles. Their goal is to innovate transportation solutions that enhance the market.

The average trading volume for Mullen Automotive is recorded at 230,686, while its current market capitalization is estimated at $4.46 million.