MULN Delist? If compliance cannot be demonstrated by September 5, 2023 (WARNING)
Shares of Mullen Automotive (NASDAQ:MULN) are barely in the green today, clawing back from an over 10% decline during the morning trading hours. However, time is ticking for MULN stock to close at or above $1 for at least 10 consecutive business days, but generally no more than 20 consecutive business days.
Nasdaq had previously provided Mullen with a deadline of Sept. 5. Including today, there are only six business days between now and Sept. 5, which does not include the Labor Day holiday on Sept. 4. As a result, it seems that Mullen will not be able to regain compliance on time and risks being delisted from the Nasdaq.
“If compliance cannot be demonstrated by September 5, 2023, Staff will provide written notification that the Company’s securities will be delisted. At that time, the Company may appeal Staff’s determination to a Hearings Panel,
Original Source:MULN Stock Has Just 1 Week to Achieve Nasdaq Compliance
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