Mullen Automotive Inc. Announces Reverse Stock Split Effective Sept. 17, 2024
Mullen Automotive, Inc. (MULN)
Company Research
Source: GlobeNewswire
BREA, Calif., Sept. 13, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that it will effect a 1-for-100 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective on Sept. 17, 2024, at 12:01 a.m. Eastern Time. The Common Stock will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the existing symbol MULN and will begin trading on a split-adjusted basis when the market opens on Sept. 17, 2024. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P505. The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement. At the Company’s Special Meeting of Stockholders held
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MULN
Sec Filings
- 9/16/24 - Form EFFECT
- 9/13/24 - Form 424B3
- 9/13/24 - Form 8-K
- MULN's page on the SEC website