Net Element Inc. NETE Archives - Page 7 of 20

MondayAug 24, 2020 11:18 am

Net Element Inc. (NASDAQ: NETE) Full Speed into Electric Vehicle Market Via Merger with Mullen Technologies

NETE transforming into pure-play electric vehicles company through merger with Mullen Technologies Reverse merger will allow Mullen stakeholders to acquire majority of newly formed company, accelerating process of Mullen going public EV sales growing at 25% per year on average, expected to account for over 20% of sales by 2030 Electric vehicle (“EV”) sales in the U.S. have been growing by an average of 25% per year (http://ibn.fm/Uy6ss) - stellar results when compared to the dismal 1.76% drop experienced by the entire industry in 2019 (http://ibn.fm/tIyK3). In a bold move aimed at maximizing shareholder value, Net Element (NASDAQ: NETE) recently announced its…

FridayAug 21, 2020 12:20 pm

QualityStocksNewsBreaks – Mullen Technologies Inc.’s MX-O5 Featured as Stiff Competition for Tesla Inc.’s (NASDAQ: TSLA) Model Y in Carscoops Article

Mullen Technologies, an emerging electric vehicle ("EV") manufacturer and technology company, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE) in a stock-for-stock reverse merger, was featured in a recent Carscoops article. The piece titled, “New Tesla Model Y Rival Has Over 600 Miles Of Range,” describes some stiff competition Tesla Inc.'s (NASDAQ: TSLA) Model Y is about to face from electric crossovers, specifically Fisker Inc.'s (NYSE: SPAQ) Fisker Ocean, the Mercedes EQA and, new competitor, the Mullen MX-05. The article reads, “California-based U.S. startup Mullen Technologies is also joining the electric crossover bandwagon with the…

ThursdayAug 20, 2020 12:08 pm

Net Element Inc. (NASDAQ: NETE) Announces Merger Agreement with Internationally Distributed EV Company

NETE, Mullen Technologies sign definitive merger agreement Newly formed company will be dedicated to development of environmentally friendly, affordable technology offering energy solutions Agreement calls for Net Element’s wholly owned, newly formed subsidiary to acquire all outstanding shares of Mullen Net Element (NASDAQ: NETE), a global financial technology and value-added solutions group, has signed a definitive merger agreement with Mullen Technologies Inc. The agreement outlines a stock-for-stock reverse merger plan resulting in Mullen, a privately held electric vehicle company, and its stockholders owning a majority of the outstanding stock in the post-merger company (http://ibn.fm/5LwBp). “We are excited to move forward…

WednesdayAug 19, 2020 11:51 am

QualityStocksNewsBreaks – Net Element Inc. (NASDAQ: NETE) Clarifies Share Information in Shareholder Letter

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale, is sharing clarification regarding the expected number of shares that will be outstanding at closing of its pending merger with Mullen, if approved. The additional information was shared in a letter from NETE executive chairman and CEO Oleg Firer, which was released on Aug. 19, 2020. The letter noted that the merger agreement provides for a cap of 75 million outstanding shares at transaction closing, an amount that cannot be exceeded without approval from both parties. The letter also…

TuesdayAug 18, 2020 3:31 pm

QualityStocksNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Receives Valuation by Zacks Small-Cap Research

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (“POS”), e-commerce and mobile devices, has received a valuation by Zacks Small-Cap Research (“ZCR”). Among other highlights, the ZCR report cites NETE’s agreement to merge with Mullen Technologies, an electric vehicle assembler and manufacturer. The Mullen merger is anticipated to close in Q4 of 2020. The report reads, “Using the electric vehicle peer valuation of 10x EV/sales, and owning 15-21.7% of the post merger company the company could be worth $30.00 per share once the deal closes and…

FridayAug 14, 2020 10:28 am

QualityStocksNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Announces Q2 2020 Financial Results

Net Element (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payments acceptance in a multichannel environment including point-of-sale (“POS”), e-commerce and mobile devices, on Thursday reported its financial results for the second quarter ended June 30, 2020. "The COVID-19 pandemic continued to negatively impact our financial results during the second quarter of this year. Our ability to adapt quickly by implementing safety protocols to protect our employees has been successful so far, and we are happy to report we have had zero cases of COVID-19 among our employees. We also implemented cost-cutting initiatives while boosting support…

WednesdayAug 12, 2020 11:45 am

Electric Sports Car Manufacturing Coming to Washington State Via Proposed Merger Between Net Element Inc. (NASDAQ: NETE) and Mullen Technologies

Mullen Technologies plans to open electric vehicle manufacturing facility in West Plains via proposed merger with NETE Reverse merger will give Mullen stakeholders majority in newly formed company while accelerating process of taking Mullen public Proposed 1.3 million square foot manufacturing facility is expected to create up to 4000 jobs by 2026 Mullen Technologies (“Mullen”) plans to bring electric vehicle (“EV”) manufacturing to West Plains, Washington through a proposed merger with Net Element (NASDAQ: NETE), a global technology group based in Miami that operates electronic payment services. While still in its planning stages, the new EV manufacturing facility will comprise…

TuesdayAug 11, 2020 12:35 pm

QualityStocksNewsBreaks – Net Element, Inc.’s (NASDAQ: NETE) Pending Merger Partner to Present at J.P. Morgan Virtual Auto Conference

Mullen Technologies ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer and technology company, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE) in a stock-for-stock reverse merger, today announced that the Company will present at the J.P. Morgan Virtual Auto Conference. During the presentation, scheduled to take place at 9:20 a.m. Eastern Time on Wednesday, August 12, Mullen’s CEO, David Michery, will outline the Company's path to electric vehicle production in 2022 and its proprietary technology platform. Interested parties may access the Company’s presentation live at J.P Morgan/MullenTech. A question and answer session for…

MondayAug 10, 2020 10:27 am

QualityStocksNewsBreaks – Mullen Technologies, Inc., with Net Element, Inc. (NASDAQ: NETE), Announces Independent Testing Results of Its Solid-State Polymer Battery Technology

Mullen Technologies, Inc. ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer and technology company, which previously announced a definitive agreement to merge with Net Element (NASDAQ: NETE), in a stock-for-stock reverse merger in which Mullen's stockholders will receive a majority of the outstanding stock in the post-merger company, today announced results from the independent testing of its licensed solid-state polymer battery technology. According to the update, the testing was undertaken by EV Grid, Inc. ("EV Grid"), an independent lab based in San Dimas, California. The results support that the technology may be capable of enabling an electric vehicle…

WednesdayAug 05, 2020 9:30 am

QualityStocksNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Enters Definitive Merger Agreement with Mullen Technologies, Inc.

Net Element (NASDAQ: NETE) today announced the execution of a definitive agreement to merge with privately held Mullen Technologies, Inc., a Southern California-based electric vehicle company. According to the update, in the stock-for-stock reverse merger, Mullen’s shareholders will receive a majority of the outstanding stock in the post-merger company. “Our team at Mullen Technologies is very proud to take the next step in completing this acquisition of Net Element," Mullen’s CEO and Founder David Michery stated in the news release. "Mullen is dedicated to the development of environmentally friendly, affordable technology that will bring energy solutions to consumer products and…

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