Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Mullen Automotive ( (MULN) ) has provided an announcement.
On January 31, 2025, Mullen Automotive held a Special Meeting of Stockholders where a 1-for-60 reverse stock split of its common stock was approved to meet Nasdaq’s $1.00 minimum bid price requirement. Effective February 18, 2025, the company’s shares began trading on a split-adjusted basis with no change in the total authorized shares or the par value. The move aims to maintain Mullen’s Nasdaq listing, with adjustments made to convertible securities and warrants to reflect the new stock structure.
More about Mullen Automotive
Mullen Automotive Inc. is a Southern California-based company specializing in the production of electric vehicles (EVs). It operates two manufacturing plants in the United States, located in Tunica, Mississippi, and Mishawaka, Indiana. The company produces commercial EVs, including the Mullen ONE and Mullen THREE, which are certified by the California Air Resource Board and EPA, and available for sale in the U.S. Mullen has expanded its commercial dealer network across key regions in the U.S.
YTD Price Performance: -80.50%
Average Trading Volume: 10,326,822
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $12.8M
Find detailed analytics on MULN stock on TipRanks’ Stock Analysis page.
