MULN - Mullen Automotive Hires Basile Law Firm P.C. to Review Prior Financings and Provide Strategic Review of Future Funding Initiatives | Benzinga
BREA, Calif., Dec. 04, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today that it has hired Mark R. Basile, Esq. and his law firm, The Basile Law Firm P.C., to assist the Company in reviewing its current fundings and to make recommendations in developing its floorplan for future fundings.
"Mullen is committed to full transparency to the public markets. We are making this announcement in an effort to notify our shareholders that we fully intend to take any and all measures necessary to continue our sustainable growth as we move ahead with previously announced strategic initiatives," said David Michery, CEO and chairman of Mullen Automotive. "Mark R. Basile, Esq. is a former law professor and a well-known and respected securities litigator. Mr. Basile is also known for helping public companies improve their internal operations and to recommend board and company initiatives. We welcome Mr. Basile to our team of highly skilled and capable lawyers, both in-house and out, and we are looking forward to working with him as we continue to drive our core business value forward."
Michery continued, "While the Company is involved in many strategic initiatives, there is a need to balance growth with funding with an eye to developing real shareholder value. The Company highly values our very vocal and active shareholder base, and we remain committed to them. Our shareholder community has been a great source of support, information and drive. As we venture into the next level of ...