Mullen Automotive Inc., an electric vehicle manufacturer, has announced a 1-for-100 reverse stock split of its common stock, effective June 2, 2025. This move aims to help the company comply with Nasdaq's $1.00 minimum bid price requirement. Following the split, approximately 80 million shares will be reduced to around 800,000 shares. The stock will continue trading under the symbol MULN.
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.