Mullen Automotive’s (NASDAQ: MULN) CEO and Chairman David Michery appeared on “Making Money with Charles Payne” on Fox Business on Thursday, Aug. 31, to discuss the lawsuit against large brokerage firms for unlawful trading practices of the company’s stock and other matters. The company today announced its response to a question asked during Michery’s appearance on the program, which aired on Fox Business at 2:55 p.m. ET on Aug. 31, 2023. Michery and Wes Christian of the law firm of Christian Attar were interviewed by host Charles Payne to discuss various matters and, notably, Mullen’s recent lawsuit against large brokerage firms including TD Ameritrade, Charles Schwab, National Finance Services and others alleging that these broker-dealers engaged in a scheme to manipulate the share price of the company’s securities. Mullen hired the services of Christian Attar in partnership with Warshaw Burstein, LLP to file the lawsuit and has taken a number of measures to combat illegal short-selling activities to protect retail investors. “During the broadcast yesterday, the feed provided by Fox lost its audio connection with us and as a result we did not have a chance to respond at the end of the segment,” said David Michery, CEO and chairman of Mullen Automotive. “Below is our response to Charles’ last question.”

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About Mullen Automotive Inc.

Mullen is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. For more information about the company, visit www.MullenUSA.com.

NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN

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