Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. _)*
MULLEN AUTOMOTIVE INC.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
62526P109
(CUSIP Number)
November 21, 2022
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 62526P109 | Schedule 13G | Page 1 of 7 |
| 1 | NAMES OF REPORTING PERSONS
Davis-Rice Pty Limited | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ (b) ☐
|
| 3 | SEC USE ONLY
| |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Australia | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
178,410,495(1) |
| 6 | SHARED VOTING POWER
0 | |
| 7 | SOLE DISPOSITIVE POWER
178,410,495(1) | |
| 8 | SHARED DISPOSITIVE POWER
0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
178,410,495(1) | |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
☐ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.00%(1) | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |
(1) Includes shares of Common Stock (as defined below) underlying outstanding Warrants (as defined below) held by the Reporting Persons (as defined below). Upon a cash exercise of the Warrants, the Reporting Persons have the right to acquire 178,410,495 shares of Common Stock. The Warrants include a cashless exercise provision, which may result in the issuance of a greater number of shares of Common Stock. Upon a cashless exercise of the Warrants, as of February 27, 2023, the Reporting Persons had the right to acquire 196,419,469 shares of Common Stock. The percentage ownership is calculated using 1,803,496,699 shares of Common Stock outstanding, which is based on 1,747,209,236 shares of Common Stock outstanding as of February 9, 2023 as disclosed in the Issuer’s Quarterly Report on Form 10-Q and 56,287,463 shares of Common Stock issued to the Reporting Persons on February 14, 2023.
| CUSIP No. 62526P109 | Schedule 13G | Page 2 of 7 |
| 1 | NAMES OF REPORTING PERSONS
The Davis-Rice Property Trust | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ (b) ☐
|
| 3 | SEC USE ONLY
| |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Australia | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
178,410,495(1) |
| 6 | SHARED VOTING POWER
0 | |
| 7 | SOLE DISPOSITIVE POWER
178,410,495(1) | |
| 8 | SHARED DISPOSITIVE POWER
0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
178,410,495(1) | |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
☐
|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.00%(1) | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |
| CUSIP No. 62526P109 | Schedule 13G | Page 3 of 7 |
| 1 | NAMES OF REPORTING PERSONS
Davis Rice Developments Pty Ltd. | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ (b) ☐
|
| 3 | SEC USE ONLY
| |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Australia | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
178,410,495(1) |
| 6 | SHARED VOTING POWER
0 | |
| 7 | SOLE DISPOSITIVE POWER
178,410,495(1) | |
| 8 | SHARED DISPOSITIVE POWER
0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
178,410,495(1) | |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
☐
|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.00%(1) | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO | |
| CUSIP No. 62526P109 | Schedule 13G | Page 4 of 7 |
| 1 | NAMES OF REPORTING PERSONS
Timothy Davis-Rice | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ (b) ☐
|
| 3 | SEC USE ONLY
| |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Australia | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER
178,410,495(1) |
| 6 | SHARED VOTING POWER
0 | |
| 7 | SOLE DISPOSITIVE POWER
178,410,495(1) | |
| 8 | SHARED DISPOSITIVE POWER
0 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
178,410,495(1) | |
| 10 | CHECK IF THE AGGRE GATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
☐
|
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.00%(1) | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN | |
| CUSIP No. 62526P109 | Schedule 13G | Page 5 of 7 |
| Item 1(a). | Name of Issuer: |
Mullen Automotive Inc. (the “Issuer”)
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
1405 Pioneer Street, Brea, California 92821
| Item 2(a). | Name of Person Filing: |
This Statement is filed by Davis-Rice Pty Limited, The Davis-Rice Property Trust, Davis Rice Developments Pty Ltd. and Timothy Davis-Rice (the “Reporting Persons”). The Davis-Rice Property Trust is the sole owner of Davis-Rice Pty Limited. Davis Rice Developments Pty Ltd. is the trustee of The Davis-Rice Property Trust. Timothy Davis-Rice is the sole director of Davis Rice Developments Pty Ltd. and Davis-Rice Pty Ltd. Accordingly, The Davis-Rice Property Trust, Davis Rice Developments Pty Ltd. and Timothy Davis-Rice may be deemed to have sole power to vote and dispose of the shares of the Issuer directly owned by Davis-Rice Pty Limited.
| Item 2(b). | Address of Principal Business Office or, if None, Residence: |
The address of the principal business office of the Reporting Persons is 4 Murchison Street, Mittagong, NSW 2575, Australia.
| Item 2(c). | Citizenship: |
Each of Davis-Rice Pty Limited and Davis Rice Developments Pty Ltd. is an Australian private company limited by shares. The Davis-Rice Property Trust is a trust formed under the laws of Australia. Timothy Davis-Rice is a citizen of Australia.
| Item 2(d). | Title of Class of Securities: |
Common Stock, par value $0.001 per share, of the Issuer (the “Common Stock”)
| Item 2(e). | CUSIP Number: |
62526P109
| Item 3. | If This Statement is Filed Pursuant to Rules 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
| (a) | ☐ | Broker or dealer registered under Section 15 of the Exchange Act; |
| (b) | ☐ | Bank as defined in Section 3(a)(6) of the Exchange Act; |
| (c) | ☐ | Insurance company as defined in Section 3(a)(19) of the Exchange Act; |
| (d) | ☐ | Investment company registered under Section 8 of the Investment Company Act; |
| (e) | ☐ | An investment adviser in accordance with Rule 13d-1(b)(ii)(E); |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
| (g) | ☐ | A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G); |
| (h) | ☐ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; |
| (j) | ☐ | A non-U.S. institution, in accordance with Rule 13d-1(b)(1)(ii)(J); or |
| (k) | ☐ | Group, in accordance with Rule 13d-1(b)(1)(ii)(K). |
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: _______________
| CUSIP No. 62526P109 | Schedule 13G | Page 6 of 7 |
| Item 4. | Ownership: |
| (a) | Amount Beneficially Owned: 178,410,495 shares |
| (b) | Percent of Class: 9.00% |
| (c) | Number of shares as to which the person has |
| (i) | Sole power to vote or direct the vote: 178,410,495 shares |
| (ii) | Shared power to vote or direct the vote: 0 shares |
| (iii) | Sole power to dispose or direct the disposition: 178,410,495 shares |
| (iv) | Shared power to dispose or direct the disposition: 0 shares |
| Item 5. | Ownership of Five Percent or Less of a Class: |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☐
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person: |
None.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person: |
None.
| Item 8. | Identification and Classification of Members of the Group: |
None.
| Item 9. | Notice of Dissolution of Group: |
None.
| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
| CUSIP No. 62526P109 | Schedule 13G | Page 7 of 7 |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
EXHIBIT A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file jointly with the Securities and Exchange Commission (the “SEC”) any and all statements on Schedule 13D or Schedule 13G (and any amendments or supplements thereto) required under section 13(d) of the Securities Exchange Act of 1934, as amended, in connection with purchases and sales by the undersigned of the securities of Mullen Automotive Inc. until such time as the undersigned file with the SEC a statement terminating this Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G.
| Dated: March 1, 2023 | DAVIS-RICE PTY LIMITED | |
| By: | /s/ Timothy Davis-Rice | |
| Name: | Timothy Davis-Rice | |
| Title: | Director | |
| THE DAVIS-RICE PROPERTY TRUST | ||
| By: | DAVIS RICE DEVELOPMENTS PTY LTD., | |
| as Trustee | ||
| By: | /s/ Timothy Davis-Rice | |
| Name: | Timothy Davis-Rice | |
| Title: | Director | |
| DAVIS RICE DEVELOPMENTS PTY LTD. | ||
| By: | /s/ Timothy Davis-Rice | |
| Name: | Timothy Davis-Rice | |
| Title: | Director | |
| /s/ Timothy Davis-Rice | ||
| Timothy Davis-Rice | ||