A Manatt team led by Capital Markets Partners Katherine Blair and Thomas Poletti represented Mullen Automotive, an electric vehicle company based in Southern California, in the closing on a $150 million sale of convertible notes. This deal team also included Corporate and Finance Associates Danli Lan and Kai-Jen Chen.
Additionally, a Manatt team led by Bankruptcy Partner Carl Grumer and Capital Markets Partners Katherine Blair and Thomas Poletti assisted Mullen Technologies in using $103 million of its proceeds to acquire ELMS assets out of bankruptcy. This deal team also included Corporate and Finance Associate Danli Lan, Corporate and Finance Associate Kai-Jen Chen, Real Estate Counsel Christopher Nicosia, and Intellectual Property Protection and Enforcement Counsel Charles Kertell. The ELMS assets acquisition of all intellectual property and inventory will allow Mullen to launch into the commercial market much earlier, providing critical manufacturing capacity at a much lower investment than previously planned.
Manatt previously represented Mullen in its stock-for-stock reverse merger with Net Element, a global technology and value-added solutions group that supports electronic payments, and the previous sale of over $150 million of securities by Mullen.
To learn more about the closing, click here.
To learn more about the ELMS Assets acquisition, click here.