International law firm McDermott Will & Emery represented Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle (EV) manufacturer, in its acquisition of a controlling interest in Bollinger Motors, an EV truck innovator. The purchase price is $148.2 million in cash and stock for a 60% controlling interest.
This is Mullen’s first EV acquisition and propels the company into the medium duty truck classes 3-6, along with the B1 and B2 sport utility trucks and positions Bollinger to capture the electric sport utility and commercial vehicle markets.
The McDermott team advising Mullen Automotive is led by Bob Cohen and Eric Klee and includes Jeronimo Soares de Sousa, Alex Laznovsky, Darren Yang, Cristell Fortune, Michael Siekman, Evan Belosa, Stephanie Stein, Mark Bilut and Ty Carson.
For more details, read Mullen Automotive’s press release here.
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