Mullen Automotive, Inc. f/k/a Net Element, Inc. Investors Urged to Seek Legal Guidance as Deadline Approaches in Securities Class Action Litigation.

ROSEN, A TOP-RANKED LAW FIRM, ENCOURAGES MULLEN AUTOMOTIVE INC. (FKA NET ELEMENT INC.) INVESTORS TO SECURE COUNSEL BEFORE THE MAY 27, 2023 DEADLINE IN THE SECURITIES CLASS ACTION

New York, NY - Rosen Law Firm, a global investor rights law firm, reminds purchasers of Mullen Automotive Inc. (fka Net Element Inc.) (NASDAQ: MULN) securities between April 29, 2021 and March 14, 2023, inclusive (the "Class Period"), of the important May 27, 2023 lead plaintiff deadline in the securities class action commenced by the firm.

According to the lawsuit, throughout the Class Period, Mullen Automotive Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's financial statements were inaccurate; (2) Mullen Automotive Inc. had not completed the necessary steps to become a publicly traded company; and (3) the Company's business was not as strong as it had been portrayed.

On March 14, 2023, the Company announced that it had received a "going concern" opinion from its auditor, which raised concerns about the Company's ability to continue as a going concern. On this news, the Company's stock price fell precipitously, damaging investors.

A class action has been filed on behalf of all persons who purchased Mullen Automotive Inc. securities between April 29, 2021 and March 14, 2023. If you purchased Mullen Automotive Inc. securities during the Class Period and would like to join the action, please contact Laurence Rosen, Esq. of Rosen Law Firm at lrosen@rosenlawfirm.com or 212-395-9704 or https://www.rosenlawfirm.com/cases/mullen-automotive-inc-fka-net-element-inc/.

To join this action, simply email your information to lrosen@rosenlawfirm.com or call 212-395-9704. A class action lawsuit has already been filed. If you are a member of the class described above, you may retain counsel of your choice or take no action and be automatically included in the class action. You may retain Rosen Law Firm at no cost to you, or you may retain other counsel of your choice. A lead plaintiff must file the case by May 27, 2023. A class action lawsuit has already been filed. You may retain counsel of your choice or take no action and be automatically included in the class action. You may retain Rosen Law Firm at no cost to you, or you may retain other counsel of your choice. A lead plaintiff must file the case by May 27, 2023. If you are a member of the class described above, you may retain counsel of your choice or take no action and be automatically included in the class action. You may retain Rosen Law Firm at no cost to you, or you may retain other counsel of your choice. A lead plaintiff must file the case by May 27, 2023.