Additionally, Mullen Automotive terminated a Purchase Agreement with Volt Mobility Holding Ltd., which had involved the sale of Mullen's commercial electric vehicles in the United Arab Emirates. In corporate governance updates, Mullen expanded its equity incentive plan, adding 20 million shares for awards and introducing an automatic annual increase. Amendments were also made to the CEO's performance stock award agreements to extend milestone deadlines. Furthermore, Mullen received a Nasdaq delisting warning due to its Market Value of Listed Securities falling below the minimum requirement, with a 180-day period granted to regain compliance. The company is actively monitoring its status and exploring options to meet Nasdaq's listing standards. These developments highlight Mullen Automotive's ongoing efforts to navigate the competitive EV market and address financial and operational challenges.