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Mullen Automotive ( (MULN) ) has shared an announcement.
Mullen Automotive Inc. has announced a 1-for-100 reverse stock split, effective September 17, 2024, aimed at satisfying Nasdaq’s minimum bid price requirement for continued listing. Stockholders need not take action as the split will be adjusted automatically in their accounts, with fractional shares rounded up to whole shares. The split will not change the par value or the number of authorized shares, ensuring stockholders maintain their proportional equity interest. The company’s common stock will continue to be traded under the symbol “MULN” with a new CUSIP number.
Find detailed analytics on MULN stock on TipRanks’ Stock Analysis page.
