Mullen Automotive Inc. held a Special Meeting of Stockholders on July 22, 2025. Stockholders approved an amendment to the 2022 Equity Incentive Plan, which allows for a ten percent automatic quarterly increase in the number of shares available for issuance. Additionally, stockholders approved the issuance of shares of Common Stock pursuant to senior secured convertible notes and related warrants, as well as any future adjustments of the conversion price of the notes and exercise price of the warrants, in excess of the 19.99% share cap.
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