Goldman Sachs Slowly Building its Stake in Mullen Automotive

According to a recent Form 13F filing submitted to the SEC, Goldman Sachs Group Inc disclosed a noteworthy and bullish investment in MULN stock. Here’s what you need to know about Mullen Automotive, Inc., as well as Goldman Sachs Group and their long position in shares of MULN stock:

About Goldman Sachs Group Inc.

The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company’s Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services. This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities; and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans, and emerging-and growth-market debt, as well as originates structured securities. Its Global Markets segment is involved in client execution activities for cash and derivative instruments; credit and interest rate products; and provision of equity intermediation and equity financing, clearing, settlement, and custody services, as well as mortgages, currencies, commodities, and equities related products. The company’s Asset Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, as well as invests in corporate, real estate, and infrastructure entities. Its Consumer & Wealth Management segment offers wealth advisory and banking services, including financial planning, investment management, deposit taking, and lending; private banking; and unsecured loans, as well as accepts saving and time deposits. The company was founded in 1869 and is headquartered in New York, New York.

About Mullen Automotive, Inc. (MULN)

Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.

Goldman Sachs Buys Stock in MULN

According to the most recent 13F filed by Goldman Sachs Group the firm added 136,753 shares of MULN stock to it holdings in the recent quarter. That brings their total long position in Mullen Automotive, Inc. to 189,994 shares, representing approximately 0.0332% of the 572,894,028 MULN shares outstanding. Based on the most recent closing price of $0.31 per share of MULN, the entire Goldman Sachs Group position in Mullen Automotive, Inc. is worth roughly $58,689.15.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Goldman Sachs Group Inc. Also be sure to check out more recent 13F filing analysis news here.