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-0.0168941490884795 -0.00734943208933855 -0.0321656962871051 0.000248162641977765 -0.00734943208933855 -0.00544048868951039 -0.0168941490884795 -0.0837071680824664
Stock impact report

Mullen Files for Foreign Trade Zone Status in Tunica, Mississippi

Mullen Automotive, Inc. (MULN) 
Company Research Source: GlobeNewswire
On Monday, March 25, 2024, Company filed FTZ application and expects final determination within 30 to 90 days FTZ status and benefits would include opportunity for improving Company cash flow through reduction of taxes, fees and deferment of import duties Mullen estimates that resulting deferred working capital on domestic sales could result in deferred capital outlays of $10 million for the remainder of fiscal year 2024 BREA, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today the Company has filed for Foreign Trade Zone (“FTZ”) status with the U.S. Department of Commerce at its commercial vehicle manufacturing and assembly center located in Tunica, Mississippi. Mullen filed its application on March 25, 2024, and expects final determination within 30 to 90 days.  Upon approval as a designated FTZ site, Mullen would qualify for a Show less Read more
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