TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) to Enact 1-for-100 Reverse Stock Split on April 11
Mullen Automotive (NASDAQ: MULN) will implement a 1-for-100 reverse stock split effective April 11, 2025, aiming to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Post-split, Mullen’s common stock will continue to trade under the ticker MULN, with a new CUSIP of 62526P703. The move, approved by shareholders in March, will reduce the number of outstanding shares from approximately 220 million to 2.2 million and apply proportionate adjustments to equity instruments. No fractional shares will be issued, with all such holdings rounded up. To view the full press release, visit https://ibn.fm/HLfQI About Mullen Automotive Inc. Mullen Automotive is a…