NEW YORK, NY / ACCESSWIRE / August 7, 2020 / Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger between Net Element, Inc. (NASDAQ:NETE) and Mullen Technologies, Inc. ("Mullen") is fair to Net Element shareholders. The investigation concerns whether Net Element and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed merger.
If you are a Net Element shareholder and would like to discuss your legal rights and options, please visit Net Element Merger or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
On August 5, 2020, Net Element announced the execution of a definitive agreement to merge with privately-held Mullen, a California-based electric vehicle company, in a stock-for-stock reverse merger. Upon completion of the merger, Net Element shareholders will own 15% of the issued and outstanding shares of the combined company. According to the announcement, Net Element will have the right to acquire up to an additional 6.7% of the combined company depending on the amount of loans from Net Element to Mullen prior to closing.
If you are a Net Element shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/net-element-inc-nete-stock-merger-mullen-technologies/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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SOURCE: Halper Sadeh LLP