mullen automotive inc shares were up 17 to 22 cents after the company said it closed on the acquisition of electric last mile solutions assets on wednesday in an allcash purchase valued at 105 million the electricvehicle maker said the acquisition will allow it to launch into the commercial market much earlier than previously planned upon the completion of final certification it is anticipated that mullen will be delivering class 1 products in the first quarter of 2023 followed by its class 3 vehicles in the following quarter the buy includes a mishawaka ind factory which previously produced general motors hummer h2 and the mercedesbenz rclass vehicles the stock closed wednesdays session down 5 and is down 65 in the past three months