- Mullen Automotive (NASDAQ:MULN) will enact 1-for-100 reverse stock split of its common stock effective June 2, 2025.
- The stock will continue trading on the Nasdaq under the ticker “MULN” on a split-adjusted basis starting June 2, 2025.
- The reverse split aims to help the company regain compliance with Nasdaq’s $1.00 minimum bid price requirement.
- MULN shares fall nearly 22% on Thursday.
- Source: Press release
Mullen Automotive to enact 1-for-100 reverse stock split to regain Nasdaq compliance
