Deep-Dive Due Diligence AI Generated Report on Mullen Automotive, Inc. Common Stock (MULN)

Welcome to ScanScor. What you're reading is not just a stock summary -- it's a real-time, AI-generated due diligence session crafted from live news, financial data, insider trading activity, SEC filings, and live market momentum.

These reports are generated using OpenAI's GPT-based analysis engine, guided by tightly structured prompts and expert-level data ingestion. Every insight below was assembled to help you understand the forces behind today's market movers.

Disclaimer: This report is for informational purposes only. It does not constitute financial advice. Always do your own research before making any investment.


MULN_OUT_1 [2025-03-31 09:11:01 -0400] 2462 Bytes | 692 tokens | Cum: 692 tkns (8.65% of 8k)
==========================================================================

Booyah, my friends! It's already 9:11:00 AM on Mon Mar 31, 2025 -0400, and I've got my eyes locked on Mullen Automotive (MULN), pushing up to 0.154 from 0.115. Are we in for a serious bull run, or is this just hype? I've pulled the data—let's break it down!

Here's the first list of news for Mullen Automotive:

C1 - Today 09:00AM - In a Landmark Decision, Mullen Defeats Defendants' Motion to Dismiss in Its Entirety, Allowing the Federal Spoofing Lawsuit to Combat Artificially Deflated Stock Prices to Proceed
C2 - Mar-27-25 09:11AM - Mullen Makes Additional Cost Cutting Initiatives While Also Announcing Record Increase in GAAP Revenue for Current Fiscal Quarter 2
C3 - Mar-26-25 09:15AM - As of March 21, 2025, Mullen has Recognized Record GAAP Quarterly Revenue of $3.18M
C4 - Feb-27-25 09:00AM - Mullen Announces Class 1 EV Cargo Van Purchase and Delivery to Orange County, North Carolina
C5 - Feb-26-25 09:00AM - National Auto Fleet Group Is Proud to Partner with Mullen Commercial EVs, Which Are Now Approved and Available for Public Sector Purchasing
C6 - Feb-21-25 09:20AM - Mullen Automotive subsidiary Bollinger Motors partners with EO Charging
C7 - Feb-20-25 09:30AM - Bollinger Motors Partners with EO Charging to Provide Cost-Effective Fleet Electrification Solutions
C8 - Feb-20-25 09:30AM 09:15AM - Mullen Subsidiary, Bollinger Motors, Partners with EO Charging to Provide Cost-Effective Fleet Electrification Solutions

Prior AI Reports for MULN:
1. 2025-03-25 – Score: 18 – Target: 0.3701 – Highs: 0.7221 / 0.2549 / 0.23
mullen-automotive-struggles-amidst-bearish-market-trends-and-high-investor-pessimism

(Note: Highs = Same day / 2nd day / 3rd day)

ONLY 3 RULES for AI:
==============
1) I am a document retrieval system. You are the analyst-investigator.
2) You can request items from my lists to get more info on Mullen Automotive (MULN)
3) AFTER requesting and reading News and SEC filings you'll write a summary, set a score, high price target and headline.
Now, your response should be only 2 or 3 chars. You can say ex., C1, C2, etc., or NEX
The NEX command delivers the NEXt list of News/SEC/Metrics
There are several more lists that use our unified document retrieval system in subsequent prompts.
Your predictons will be compared to reality to rate your accuracy. Try to predict accurately. GOOD LUCK!
Please request a document, read, summarize and score. Say something like "C1".

MULN_IN_2 [2025-03-31 09:11:01 -0400] 2 Bytes | 2 tokens | Cum: 694 tkns (8.67% of 8k)
==========================================================================

C1

MULN_OUT_3 [2025-03-31 09:11:07 -0400] 1106 Bytes | 312 tokens | Cum: 1006 tkns (12.57% of 8k)
==========================================================================

Showing C1 (chunk 1 of 10): C1:
**In a Landmark Decision, Mullen Defeats Defendants' Motion to Dismiss in Its Entirety, Allowing the Federal Spoofing Lawsuit to Combat Artificially Deflated Stock Prices to Proceed**
Date: Today 09:00AM
Source: (GlobeNewswire)
URL: https://www.globenewswire.com/news-release/2025/03/31/3052339/0/en/In-a-Landmark-Decision-Mullen-Defeats-Defendants-Motion-to-Dismiss-in-Its-Entirety-Allowing-the-Federal-Spoofing-Lawsuit-to-Combat-Artificially-Deflated-Stock-Prices-to-Proceed.html

March 31, 2025 09:00 ET| Source:Mullen Automotive, Inc.Mullen Automotive, Inc.

In a significant victory for Mullen and other emerging companies who have alleged losses due to stock manipulation, a federal judge denied IMC, Clear Street, and UBS’s motion to dismiss the lawsuit, finding Mullen’s claims were adequately pled.  The litigation will now move forward into full discovery

In the Federal Court’s decisi

--> You can ask for 1) More of this item with: MOR, 2) the NEXt section with: NEX, or 3) a different item by it's handle (ex. C3, S2) (only 3 chars don't summarize yet)

MULN_IN_4 [2025-03-31 09:11:07 -0400] 471 Bytes | 89 tokens | Cum: 1095 tkns (13.69% of 8k)
==========================================================================

Mullen Automotive has won a significant legal victory, as a federal judge denied a motion to dismiss a lawsuit filed by the company against IMC, Clear Street, and UBS. Mullen and other emerging companies have accused these entities of stock manipulation which has led to their alleged losses. The court found that Mullen's claims were adequately pled, allowing the litigation to proceed into full discovery. This lawsuit aims to combat artificially deflated stock prices.

MULN_OUT_5 [2025-03-31 09:11:07 -0400] 1039 Bytes | 315 tokens | Cum: 1410 tkns (17.62% of 8k)
==========================================================================

We present this news so you can catch the big movers from recently breaking news.
Here's a list of news articles you can literally read just by asking.
Usually the first item is the most important.

A1 - 2025-03-31T00:00:00Z - In a Landmark Decision, Mullen Automotive Defeats Defendants' Motion to Dismiss in Its Entirety, All...
A2 - 2025-03-30T13:23:00Z - ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Mullen Automotive, Inc. f/k/a Net Element, Inc. In...
A3 - 2025-03-29T16:00:00Z - ROSEN, LEADING INVESTOR COUNSEL, Encourages Mullen Automotive, Inc. f/k/a Net Element, Inc. Investor...
A4 - 2025-03-28T21:40:00Z - MULN Investors Have Opportunity to Lead Mullen Automotive, Inc. f/k/a Net Element, Inc. Securities F...
A5 - 2025-03-28T21:40:00Z - MULN Investors Have Opportunity to Lead Mullen Automotive, Inc. f/k/a Net Element, Inc. Securities F...

Request an article by its reference number. (Ex., "A1" gets the first item)
You may also say NEX to go to the next listing.
Response to this prompt limited to 3 chars.

MULN_IN_6 [2025-03-31 09:11:07 -0400] 2 Bytes | 2 tokens | Cum: 1412 tkns (17.65% of 8k)
==========================================================================

A1

MULN_OUT_7 [2025-03-31 09:11:11 -0400] 1098 Bytes | 317 tokens | Cum: 1729 tkns (21.61% of 8k)
==========================================================================

Showing A1 (chunk 1 of 6): A1:
**In a Landmark Decision, Mullen Automotive Defeats Defendants' Motion to Dismiss in Its Entirety, Allowing the Federal Spoofing Lawsuit to Combat Artificially Deflated Stock Prices to Proceed**Date: 2025-03-31Source: {'uri': 'greenstocknews.com', 'dataType': 'news', 'title': 'Green Stock News'}URL: https://greenstocknews.com/news/nasdaq/muln/in-a-landmark-decision-mullen-defeats-defendants-motion-to-dismiss-in-its-entirety-allowing-the-federal-spoofing-lawsuit-to-combat-artificially-deflated-stock-prices-to-proceedBREA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, successfully overcame a motion to dismiss brought by defendants IMC Financial Markets, Clear Street Markets LLC, UBS Securities, LLC and Does 1-10 ("Defendants").

In the lawsuit, which is pending in the Uni

--> You can ask for 1) More of this item with: MOR, 2) the NEXt section with: NEX, or 3) a different item by it's handle (ex. C3, S2) (only 3 chars don't summarize yet)

MULN_IN_8 [2025-03-31 09:11:11 -0400] 338 Bytes | 70 tokens | Cum: 1799 tkns (22.49% of 8k)
==========================================================================

Mullen Automotive Inc., an electric vehicle manufacturer, has won a landmark decision in court, defeating a motion to dismiss by defendants IMC Financial Markets, Clear Street Markets LLC, UBS Securities, LLC and Does 1-10. The case, which is ongoing, is related to a federal spoofing lawsuit to combat artificially deflated stock prices.

MULN_OUT_9 [2025-03-31 09:11:12 -0400] 1448 Bytes | 432 tokens | Cum: 2231 tkns (27.89% of 8k)
==========================================================================

This is our final list of news.
News AI can literally read just by asking.
Don't miss the breaking news!

B1 - 2025-03-30T13:23:00Z - ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Mullen Automotive, Inc. f/k/a Net Element, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MULN, NETE
B2 - 2025-03-21T20:00:00Z - MULN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Mullen Automotive, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
B3 - 2025-03-15T13:28:00Z - ROSEN, A TOP RANKED LAW FIRM, Encourages Mullen Automotive, Inc. f/k/a Net Element, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MULN, NETE
B4 - 2025-03-15T12:42:00Z - INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Mullen
B5 - 2025-03-14T20:00:00Z - MULN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Mullen Automotive, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
B6 - 2025-03-13T22:33:00Z - ROSEN, A LEADING LAW FIRM, Encourages Mullen Automotive, Inc. f/k/a Net Element, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MULN, NETE

Request an article by its reference number. (Ex., "B1" gets the first item)
You can say NEX to go to the next listing.
Response limited to 3 chars.

MULN_IN_10 [2025-03-31 09:11:12 -0400] 2 Bytes | 2 tokens | Cum: 2233 tkns (27.91% of 8k)
==========================================================================

B1

MULN_OUT_11 [2025-03-31 09:11:15 -0400] 1029 Bytes | 286 tokens | Cum: 2519 tkns (31.49% of 8k)
==========================================================================

Showing B1 (chunk 1 of 1): B1:
**ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Mullen Automotive, Inc. f/k/a Net Element, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MULN, NETE**Date: Unknown DateSource: Unknown SourceURL: https://www.globenewswire.com/news-release/2025/03/30/3051890/673/en/ROSEN-A-TRUSTED-AND-LEADING-LAW-FIRM-Encourages-Mullen-Automotive-Inc-f-k-a-Net-Element-Inc-Investors-to-Secure-Counsel-Before-Important-Deadline-in-Securities-Class-Action-MULN-NE.htmlRosen Law Firm is encouraging investors of Mullen Automotive, Inc. f/k/a Net Element, Inc. to seek legal counsel before the April 14, 2025 lead plaintiff deadline in a securities class action lawsuit. The lawsuit alleges that the company made false and misleading statements about its business operations and financial condition.

--> You can ask for 1) More of this item with: MOR, 2) the NEXt section with: NEX, or 3) a different item by it's handle (ex. C3, S2) (only 3 chars don't summarize yet)

MULN_IN_12 [2025-03-31 09:11:15 -0400] 351 Bytes | 66 tokens | Cum: 2585 tkns (32.31% of 8k)
==========================================================================

Rosen Law Firm is urging investors of Mullen Automotive, Inc., formerly known as Net Element, Inc., to seek legal representation ahead of the April 14, 2025 lead plaintiff deadline in a securities class action lawsuit. The firm alleges that Mullen Automotive made false and misleading statements regarding its business operations and financial health.

MULN_OUT_13 [2025-03-31 09:11:17 -0400] 1081 Bytes | 308 tokens | Cum: 2893 tkns (36.16% of 8k)
==========================================================================

This is our list of SEC filings.
If empty, the search returned no recent filings.

S1 - 2025-03-07 8-K Item 1.01 Entry into a Material Definitive Agrmt.

Securities Purchase Agrmt

On March 6, 2025 (the Execution Date ), Mullen Automotive Inc. (the Company ) entered into a securities purchase agreement (the Securities Purchase Agrmt ), with certain investors, pursuan...

S2 - 2025-03-07 8-K Item 1.01 Entry into a Material Definitive Agrmt.

Securities Purchase Agrmt

On March 6, 2025 (the Execution Date ), Mullen Automotive Inc. (the Company ) entered into a securities purchase agreement (the Securities Purchase Agrmt ), with certain investors, pursuan...

S7 - 2025-02-19 10-Q PART I. FIN INFO

Item 1. Fin Stmnts

MULLEN AUTOMOTIVE INC.

COND CONS BAL SHEETS

(unaudited)

December 31, 2024

September 30, 2024

ASSETS

CURRENT ASSETS

Cash and cash equiv

$ 2,325,190

$ 10,321,827

Restric...

Request filing by its reference number. (Ex., "S1" gets the first item)
You can say NEX to go to the next listing.
Response limited to 3 chars.

MULN_IN_14 [2025-03-31 09:11:17 -0400] 2 Bytes | 2 tokens | Cum: 2895 tkns (36.19% of 8k)
==========================================================================

S1

MULN_OUT_15 [2025-03-31 09:11:23 -0400] 1098 Bytes | 254 tokens | Cum: 3149 tkns (39.36% of 8k)
==========================================================================

Showing S1 (chunk 1 of 6): S1:
Item 1.01 Entry into a Material Definitive Agreement.

Securities Purchase Agreement

On March 6, 2025 (the Execution Date ), Mullen Automotive Inc. (the Company ) entered into a securities purchase agreement (the Securities Purchase Agreement ), with certain investors, pursuant to which upon the terms and subject to the conditions contained therein, the investors agreed to purchase upon execution an aggregate principal amount of approximately $4.0 million of 5% Original Issue Discount Secured Notes (the Notes ) convertible into shares of common stock, par value $0.001 per share (the Common Stock ), and five-year warrants exercisable for shares of Common Stock (the Warrants ).

For a period beginning on the Execution Date and ending on the one year anniversary from the later of (i) the date a registration statement covering all registrable securities is declared effective or (ii) t

--> You can ask for 1) More of this item with: MOR, 2) the NEXt section with: NEX, or 3) a different item by it's handle (ex. C3, S2) (only 3 chars don't summarize yet)

MULN_IN_16 [2025-03-31 09:11:23 -0400] 635 Bytes | 120 tokens | Cum: 3269 tkns (40.86% of 8k)
==========================================================================

As a financial analyst, I understand that Mullen Automotive Inc. has entered into a securities purchase agreement with certain investors on March 6, 2025. Under this agreement, the investors have agreed to purchase about $4.0 million worth of 5% Original Issue Discount Secured Notes which can be converted into common stock shares. The agreement also includes five-year warrants that can be exercised for shares of common stock. The agreement will be effective for a period starting from the execution date and will end on the one-year anniversary of the effective date of a registration statement covering all registrable securities.

MULN_OUT_17 [2025-03-31 09:11:36 -0400] 5022 Bytes | 1480 tokens | Cum: 4749 tkns (59.36% of 8k)
==========================================================================

This is our set of metrics.
Please analyze the numbers.

+--------------------+------------------------+------------------------+------------------------+
| Volume: 57,753,800 | Perf Month: -96.11% | Option/Short: No / Yes | Sales Y/Y TTM: 996.94% |
+--------------------+------------------------+------------------------+------------------------+
| Avg Volume: 13.94M | Perf Quarter: -99.82% | Short Float: 52.24% | ROE: -950.02% |
+--------------------+------------------------+------------------------+------------------------+
| Rel Volume: 4.20 | Index: - | Short Ratio: 0.11 | ROI: - |
+--------------------+------------------------+------------------------+------------------------+
| RSI (14): 21.22 | Market Cap: 0.42M | Short Interest: 1.58M | Sales Surprise: - |
+--------------------+------------------------+------------------------+------------------------+
| ATR (14): 1.05 | Shs Outstand: 3.67M | Beta: 2.56 | EPS Surprise: - |
+--------------------+------------------------+------------------------+------------------------+
| SMA20: -86.63% | Shs Float: 3.03M | Sales Q/Q: - | P/E: - |
+--------------------+------------------------+------------------------+------------------------+
| SMA50: -98.73% | Inst Own: 2.94% | Sales past 5Y: 20.02% | Earnings: - |
+--------------------+------------------------+------------------------+------------------------+
| SMA200: -100.00% | Insider Own: 17.43% | Employees: 388 | |
+--------------------+------------------------+------------------------+------------------------+
| Perf Week: -60.21% | Insider Trans: -52.68% | Debt/Eq: - | |
+--------------------+------------------------+------------------------+------------------------+

The next section covers any insider trading.
If this section may be blank due to no recent filings.

Inside Trans: MULLEN AUTOMOTIVE INC. (MULN) by WINTER MARY (Unknown Title) on 2025-03-03
- Common Stock: 62000 shares at $0 (D) Footnote: Shares granted pursuant to Issuer's 2022 Equity Incentive Plan.
- Common Stock: 62000 shares at $2.01 (D)

Inside Trans: MULLEN AUTOMOTIVE INC. (MULN) by Michery David (CEO, President) on 2025-03-04
- Common Stock: 20000 shares at $0 (D)

Inside Trans: MULLEN AUTOMOTIVE INC. (MULN) by WINTER MARY (Unknown Title) on 2025-02-27
- Common Stock: 2716 shares at $3.73 (D)

Inside Trans: MULLEN AUTOMOTIVE INC. (MULN) by NOVOA IGNACIO (Unknown Title) on 2025-01-07
- Common Stock: 152865 shares at $0.8712 (D)
- Common Stock: 10135 shares at $0.8801 (D)
- Common Stock: 2000 shares at $0 (D)
- Common Stock: 2000 shares at $4.61 (D)

[Company Financial Summary]
[Company Details]
Name: N/A
Market Cap: N/A
Shares Outstanding: N/A
Sector: N/A

[Financial Statements - Latest Quarter]
Total Assets: N/A
Total Liabilities: N/A
Total Equity: N/A
Revenue (Quarter): {'value': 1094322.0, 'unit': 'USD', 'label': 'Revenues', 'order': 100}
Net Income: {'value': -505826551.0, 'unit': 'USD', 'label': 'Net Income/Loss', 'order': 3200}
Earnings Per Share (EPS): N/A

[Price Metrics - Last 30 Days]
Latest Close: 0.115
Average Volume: 36692723.3
30-Day High: 2.15
30-Day Low: 0.115

[Detailed Financials: TTM 2024]
- Total Assets: $178,631,289.0
- Total Liabilities: $195,177,166.0
- Total Equity: $-16,545,877.0
- Current Assets: $63,174,638.0
- Current Liabilities: $183,172,298.0

[Income Statement: TTM 2024]
- Revenue: $1,094,322.00
- Net Income: N/A
- Gross Profit: N/A
- Operating Income: N/A
- Earnings Per Share (EPS): -1425.61

[Cash Flow Statement: TTM 2024]
- Net Cash Flow: $-144,947,792.0

[Detailed Financials: FY 2024]
- Total Assets: $178,631,289.0
- Total Liabilities: $195,177,166.0
- Total Equity: $-16,545,877.0
- Current Assets: $63,174,638.0
- Current Liabilities: $183,172,298.0

[Income Statement: FY 2024]
- Revenue: $1,094,322.00
- Net Income: N/A
- Gross Profit: N/A
- Operating Income: N/A
- Earnings Per Share (EPS): -1425.61

[Cash Flow Statement: FY 2024]
- Net Cash Flow: $-144,947,792.0
==== END OF FINANCIAL REPORT ====

You are now requested to make a summary analysis.
Save explaining why you didn't have enough information for the final survey.

Now, complete this report with the following:

1) Brief Summary: explain your findings in succinct wording.
2) MARKET_SCORE: If you calculate a 92% likelihood of an upward moves, say: MARKET_SCORE[92]
3) PRICE_TARGET: If you think the high today will be 50% higher, add to the price.
Eg., If the current price is $5.00, add 50%. Thus, PRICE_TARGET[$7.50] -- It should be at or above the current price.
4) Provide a thought-provoking take, 6-10 words, to use for the headline of this news story.
Like this: AI_RPT_HEADLINE: [6-12 words headline for news story, distilled from summary]

1) Brief Summary, 2) MARKET_SCORE, 3) PRICE_TARGET, and 4) AI_RPT_HEADLINE

MULN_IN_18 [2025-03-31 09:11:36 -0400] 1080 Bytes | 239 tokens | Cum: 4988 tkns (62.35% of 8k)
==========================================================================

1) Brief Summary: The company has experienced a significant drop in performance over the past month, quarter, and year, with respective performance drops of 96.11%, 99.82%, and 100.00%. This is reflected in their high short float of 52.24% and negative ROE of -950.02%. However, sales have increased significantly, up 996.94% Y/Y TTM. Insider ownership is high at 17.43%, but recent insider transactions have been a mix of purchases and sales at varying prices. The company's current assets and liabilities indicate potential financial instability, with liabilities exceeding assets.

2) MARKET_SCORE: Based on these metrics, the company's financial stability is questionable and the market score is significantly low. MARKET_SCORE[30]

3) PRICE_TARGET: Given the company's current performance and financial situation, it's difficult to predict a substantial increase in the share price. Assuming a conservative 10% increase from the current price of $0.115, we have PRICE_TARGET[$0.127]

4) AI_RPT_HEADLINE: "Major Sales Surge Amidst Dim Financial Outlook for Mullen Automotive"

MULN_OUT_19 [2025-03-31 09:11:38 -0400] 676 Bytes | 167 tokens | Cum: 5155 tkns (64.44% of 8k)
==========================================================================

Finally, if more data could have improved your confidence which would you have chosen? **Choose one option:**
-> X0 <- Nothing more would have helped my analysis
-> X1 <- More stock-specific news
-> X2 <- More SEC filings (10-K, 10-Q, 8-K) Financials, risk disclosures, and business changes
-> X3 <- More SEC Insider Trading (Form 3, 4, 5) Direct buys/sells from executives and institutions
-> X4 <- Broader sector & market news
-> X5 <- Your past analysis on similar companies (specify metrics)
-> X6 <- More financial metrics
-> X7 <- Your past analysis on this exact company
-> X8 <- Something altogether different (explain...)

MULN_IN_20 [2025-03-31 09:11:38 -0400] 94 Bytes | 28 tokens | Cum: 5183 tkns (64.79% of 8k)
==========================================================================

-> X2 <- More SEC filings (10-K, 10-Q, 8-K) Financials, risk disclosures, and business changes

MULN_IN_21 [2025-03-31 09:11:38 -0400] 126 Bytes | 29 tokens | Cum: 5212 tkns (65.15% of 8k)
==========================================================================

====================================
[2025-03-31 09:11:38] # Analysis Completed
Elapsed Time: 38.81 seconds




Scroll to Top