Item 5.07. Submission of Matters to a Vote of Security Holders.
On December 23, 2022, Mullen Automotive Inc. (the "Company") convened its
Special Meeting of Stockholders (the "Special Meeting"). The purpose of the
Special Meeting was described in the Company's definitive Proxy Statement filed
with the Securities and Exchange Commission on November 25, 2022 and the
Amendment to the Company's definitive Proxy Statement filed with the Securities
and Exchange Commission on December 16, 2022 (together, the "Proxy Statement").
As of November 21, 2022, the record date of the Special Meeting, there were
1,659,097,754 shares of common stock, 1,925 shares of Series A preferred stock,
one share of Series AA preferred stock, and 1,211,757 shares of Series C
preferred stock entitled to vote at the Special Meeting. Present in person
(virtually via live audiocast) or by proxy at the Special Meeting were more than
33-1/3 percent of the outstanding capital stock entitled to vote at the Special
Meeting, which constituted a quorum.
The final voting results for Proposal No.5, as described in the Proxy Statement,
are set forth below.
Proposal No. 5: The adjournment of the Special Meeting to a later date or dates,
if necessary or appropriate, to solicit additional proxies if there are
insufficient votes to adopt Proposal Nos. 1, 2 and 4 or establish a quorum (the
"Adjournment Proposal"). The proposal was approved by a vote of stockholders as
follows:
Votes For Votes Against Abstentions Broker Non-Votes
654,754,323 173,582,260 16,662,035 -
In accordance with the authority granted pursuant to Proposal No.5, the Special
Meeting was adjourned in order to allow additional time for stockholders to vote
on Proposals Nos. 1, 2 and 4 as described in the Proxy Statement, which are,
respectively, to approve the Reverse Stock Split Proposal, the Authorized Share
Increase Proposal and the Nasdaq Listing Rule 5635(d) Proposal. The adjourned
Special Meeting will be reconvened at 11:00 a.m., Pacific Standard Time, on
January 19, 2023 via live audiocast. Shareholders can attend the reconvened
meeting via the same meeting link as set for in the Proxy Statement.
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