Mullen Automotive to Implement 1-for-60 Reverse Stock Split; Shares Fall

MT Newswires Live

2025/02/14

Mullen Automotive (MULN) said Thursday it will implement a 1-for-60 reverse stock split to help bring the company into compliance with Nasdaq's $1 minimum bid price requirement for continued listing.

The electric vehicle manufacturer said it expects its shares to start trading on a split-adjusted basis Feb. 18.

The company's shares were down about 16% in recent trading.

Price: 0.25, Change: -0.05, Percent Change: -16.45

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