Mullen Automotive (MULN) reaches settlement with GEM Group

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Go back to Mullen Automotive (MULN) reaches settlement with GEM Group

Mullen Automotive Enters Into Settlement Agreement with GEM Group

May 13, 2025 9:03 AM EDT

On May 9, 2025, Company executed a settlement agreement with GEM Group. Under terms of the settlement agreement, GEM has a 55-day due diligence period, subject to extension by GEM, to evaluate the transfer to GEM of the Mishawaka assets in complete satisfaction of the judgement. All collection activities have been suspended for the duration of the due diligence period. Mullen... More