Where is Mullen automotive based?

Mullen Automotive Inc. is a southern California-based electric vehicle company, which engages in the manufacture of passenger electric vehicles and commercial vehicles. The company was founded on April 20, 2010 and is headquartered in Brea, CA. MULN | Complete Mullen Automotive Inc. stock news by MarketWatch.

Is Mullen's stock worth a zero right now?

Mullen's only option to raise cash is to sell stock, but the plunging share price and a very different market environment from 2020-2021 present real roadblocks on that front. To be fair, a stock that "probably is a zero" over time is not necessarily worth zero right now.

What is Mullen's market capitalization?

The first is Mullen's market capitalization, which at the moment sits around $400 million. (As of Mar. 31, the company had 284.8 million common shares outstanding, along with 11.3 million shares of preferred stock convertible on a 1-to-1 basis.)

Did Mullen sell a slug stock after a quarter-end?

After quarter-end, they issued 14.3M shares for $15M. If you look at some of the other meme stocks, they were able to move pretty big slugs at really inflated prices. (Naked/Cenntro was a great example - the cash used for that fake SPAC came solely from selling into the bubble.) Doesn't look like Mullen did that.