Mullen Provides Update On Stock Buyback Program With An Additional Repurchase Of 2M In Shares Of Its Common Stock. The Buyback Program Started On Aug. 16, 2023, And Can Continue Through Dec. 31, 2023.
Mullen Provides Update On Stock Buyback Program With An Additional Repurchase Of 2M In Shares Of Its Common Stock. The Buyback Program Started On Aug. 16, 2023, And Can Continue Through Dec. 31, 2023.
Mullen Automotive Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces an update on the Company's stock buyback program with an additional repurchase of 2,000,000 in shares of its common stock. The buyback program started on Aug. 16, 2023, and can continue through Dec. 31, 2023.
新兴电动汽车（“EV”）制造商马伦汽车公司（纳斯达克股票代码：MULN）（“马伦” 或 “公司”）宣布了公司股票回购计划的最新情况，将额外回购其200万股普通股。回购计划始于2023年8月16日，并将持续到2023年12月31日。
As of today's date, the Company has repurchased $5,610,600 in shares of its common stock, which includes an additional 2,000,000 shares in new purchases since the Company's original announcement on Aug. 17, 2023.
截至今日，该公司已回购了5,610,600美元的普通股，其中包括自公司于2023年8月17日首次宣布以来新购买的200万股。
"As I have stated on many prior occasions, I believe that our stock is undervalued. The Company has a strong balance sheet and we continue to execute on our business plan, including our recent Class 3 production start with the first vehicles rolling off the line," said David Michery, CEO and chairman of Mullen Automotive.
“正如我之前多次说过的那样，我认为我们的股票被低估了。Mullen Automotive首席执行官兼董事长戴维·米切里说，该公司的资产负债表强劲，我们将继续执行我们的商业计划，包括我们最近的三级汽车开始生产，第一批汽车下线。
On July 6, 2023, the Board of Directors (the "Board") of the Company authorized a stock buyback program, pursuant to which the Company may, until Dec. 31, 2023, purchase up to $25 million in shares of its outstanding common stock. The shares may be repurchased, from time to time, in the open market or in privately negotiated transactions depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission (the "SEC"). The authorization of the stock buyback program does not obligate the Company to purchase any shares and may be terminated or amended by the Board at any time prior to its expiration date.
2023年7月6日，公司董事会（“董事会”）批准了一项股票回购计划，根据该计划，公司可以在2023年12月31日之前购买不超过2500万美元的已发行普通股。根据市场状况和其他因素，并根据美国证券交易委员会（“SEC”）的适用法规，可以不时地在公开市场或私下谈判的交易中回购这些股票。股票回购计划的授权并不使公司有义务购买任何股票，董事会可以在其到期日之前的任何时候终止或修改。
For more information on Mullen Automotive or SEC public filings, please visit the investor relations section of Mullen's website or SEC.gov.
有关马伦汽车或美国证券交易委员会公开文件的更多信息，请访问马伦网站或Sec.gov的投资者关系部分。