Manatt’s Thomas Poletti and Katherine Blair, partners on Manatt’s capital markets team, and Manatt Financial Services associate June Kim represented Mullen Automotive, an electric vehicle company based in Southern California, in its stock-for-stock reverse merger with Net Element, a global technology and value-added solutions group that supports electronic payments. The combined company is now operating under the name Mullen Automotive, Inc., and the company’s common stock now trades on The Nasdaq Global Market under the symbol MULN.
Immediately prior to the closing, the Manatt team also represented Mullen Technologies in its sale of $20 million of Series C Preferred Stock and warrants and $15 million of pre-funded warrants to buy stock of the combined company post-merger, for a total of $35 million financing.
To learn more about the merger, click here.