Mullen Automotive (MULN) announced that it will effect a 1-for-100 reverse stock split of its common stock, par value $0.001 per share, that will become effective on April 11, 2025. The Common Stock will continue to trade on The Nasdaq Capital Market under the existing symbol MULN and will begin trading on a split-adjusted basis when the market opens on April 11, 2025. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P703.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MULN:
- Mullen Automotive files to sell 200M shares of common stock for holders
- Mullen announces Mullen, Bollinger vehicle inventory 100% assembled in U.S.
- Mullen successfully overcame motion to dismiss brought by IMC Financial
- Mullen begins additional staff reductions, elimination of property leases
- Mullen reports Q2 GAAP quarterly revenue of $3.18M as of March 21