Net Element (NASDAQ: NETE), a global technology and value-added solutions group, and Mullen Automotive Inc., an emerging electric vehicle (“EV”) manufacturer, has shared updated information regarding a previously announced definitive stock-for-stock reverse merger agreement between the two companies. In the announcement, Mullen noted that the number of fully diluted shares upon completion of the merger will be 32% less than the 75 million shares outlined in the agreement. Following the merger, the number of outstanding shares will be 51,173,640 million in total. “We are excited about the many milestones ahead of us and look forward to sharing those with all our shareholders as they occur,” said Mullen Automotive CEO and chair David Michery in the press release. “Everyone on both ends of the transaction are excited to begin trading tomorrow on the NASDAQ.”
To view the full press release, visit https://ibn.fm/oejmO
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 United States and selected emerging markets. For additional information about the company, visit www.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.
MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
[email protected]
Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html
