Does Mullen stock have a big move on X?

Mark R. Basile, Esq., whose law firm was hired by Mullen to review its funding initiatives, commented on MULN stock’s large move to the upside on X, the platform formerly known as Twitter: announced Randy Marion Automotive Group RMA expects to deliver raise capital

Will muln stock be delisted in 2024?

In order to regain compliance, MULN must close at or above $1 for 20 consecutive business days by Jan. 22, 2024. MULN stock faces being delisted from the Nasdaq if it is unable to achieve this. In a letter to shareholders, CEO David Michery acknowledged the impact of another reverse split on shareholders and also hinted at raising capital in 2024:

Will Mullen reverse split its shares?

Instead, fractional shares will be rounded up to the nearest whole share. Mullen seeks to reverse split its shares for a third time in order to regain compliance with Nasdaq’s minimum bid requirement of $1. In order to regain compliance, MULN must close at or above $1 for 20 consecutive business days by Jan. 22, 2024.

Is Mullen a car company?

Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California. [Read more]

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