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Posted On: 04/09/2025 4:49:35 PM
Post# of 1075
NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Enact 1-for-100 Reverse Stock Split on April 11
Mullen Automotive (NASDAQ: MULN) will implement a 1-for-100 reverse stock split effective April 11, 2025, aiming to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Post-split, Mullen’s common stock will continue to trade under the ticker MULN, with a new CUSIP of 62526P703. The move, approved by shareholders in March, will reduce the number of outstanding shares from approximately 220 million to 2.2 million and apply proportionate adjustments to equity instruments. No fractional shares will be issued, with all such holdings rounded up.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://nnw.fm/MULN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Mullen Automotive (NASDAQ: MULN) will implement a 1-for-100 reverse stock split effective April 11, 2025, aiming to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Post-split, Mullen’s common stock will continue to trade under the ticker MULN, with a new CUSIP of 62526P703. The move, approved by shareholders in March, will reduce the number of outstanding shares from approximately 220 million to 2.2 million and apply proportionate adjustments to equity instruments. No fractional shares will be issued, with all such holdings rounded up.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://nnw.fm/MULN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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