Mullen Automotive (MULN) said Thursday that the Nasdaq Stock Market notified the company that it is now in compliance with the exchange's minimum bid price requirement for continued listing.
The electric vehicle maker said it is fully compliant with all listing requirements and its scheduled Nov. 14 hearing before a Nasdaq panel has been cancelled.
The company's shares were up more than 4% in recent trading.
Price: 2.38, Change: +0.10, Percent Change: +4.17
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.