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Debt Financing / Related, Bankruptcy / Related

Mullen Automotive Entered Into A "Stalking Horse" Asset Purchase Agreement With David W. Carickhoff And Electric Last Mile

Published: 09/19/2022 21:29 GMT
(ELMSQ) - Mullen Automotive - on Sept 16, 2022, Co Entered Into a "stalking Horse" Asset Purchase Agreement With David W. Carickhoff and Electric Last Mile Inc.mullen Automotive - to Buy Certain Assets of Debtors Out of Bankruptcy for About $55.0 Million Plus Assumption of Monetary Liabilities.
Mullen Automotive Inc - Monetary Liabilities Related to Assumed Contracts, Including Land Contract, Estimated to Be About $37 Million.
Mullen Automotive - Pursuant to Agreement, Co Agreed to Purchase Certain Assets of Debtors, Including a Plant in Mishawaka, Indiana.
Mullen Automotive Inc - Provided a Deposit of $5.5 Million, Which Will Be Applied Towards Purchase Price.
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