Mullen Technologies to merge with Net Element.

Mullen Technologies, an electric vehicle company, agreed to merge with Net Element, a global technology and value-added solutions group, in a stock-for-stock reverse merger in which Mullen's stockholders will receive the majority of the outstanding stock in the post-merger company. “We feel, after considering an array of strategic alternatives, that the agreement with Mullen provides our shareholders with the most compelling opportunity. We conducted an extensive search of companies that have disruptive technologies, and believe that Mullen represents the best path forward,” Oleg Firer, Net Element Chairman and CEO.