June 17, 2024
Mullen Automotive shares plunge on reverse stock split announcement

Mullen Automotive shares plunge on reverse stock split announcement

Mullen Automotive Inc. will conduct a 1-for-25 reverse stock split as the electric-vehicle company looks to maintain its Nasdaq listing.

The company’s stock, which has been attracting meme-like attention, ended Wednesday’s session down 21.1%.

The stock will continue to trade on the Nasdaq Capital Market under the existing symbol “MULN” and…

Source

Leave a Reply

Your email address will not be published. Required fields are marked *