Mullen Automotive, Inc. f/k/a Net Element, Inc. Loss Submission Form

Company: Mullen Automotive, Inc. f/k/a Net Element, Inc.

Ticker: (NASDAQ) MULN

Deadline

Passed

Lead Plaintiff Deadline: July 05, 2022

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Allegations

(1) Mullen overstates its ability and timeline regarding production; (2) Mullen overstates its deals with business partners, including Qiantu; (3) Mullen overstates its battery technology and capabilities; (4) Mullen overstates its ability to sell its branded products; (5) Net Element did not conduct proper due diligence into Mullen Technologies; (6) the Dragonfly K50, a luxury sports car, was not (solely) delayed due to the COVID-19 pandemic; and (7) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.