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MissionIRNewsBreaks – Net Element Inc. (NASDAQ: NETE) Featured in Research Report

Net Element (NASDAQ: NETE) was featured in a recent report by Zacks Small-Cap Research that discussed the company’s third quarter showing sequential rebound as the merger proceeds with privately-held Mullen Technologies Inc. The report reads, “At its current enterprise value of $43.6 million, the stock is getting no premium for its pending merger and is valued only on its card processing business. Using the electric vehicle peer valuation of 10x EV/sales, and owning 15-21.7% of the post-merger company, the company could be worth $30.00 per share once the deal closes and twice that by 2023.”

To view the full report, visit https://ibn.fm/IfHwS

About Net Element Inc.

Net Element operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. On Aug. 5, 2020, Net Element announced the execution of a definitive agreement (the “Merger Agreement”) to merge with privately-held Mullen Technologies Inc. (“Mullen”), a Southern California-based electric vehicle company in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the outstanding stock in the post-merger company (the “contemplated merger”). That contemplated merger is subject to customary closing conditions, regulatory approvals and shareholder approval for both companies. For additional information, visitwww.NetElement.com.

NOTE TO INVESTORS: The latest news and updates relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

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