Mullen Automotive Announces 1-For-100 Reverse Stock Split Effective Sept. 17, 2024
Mullen Automotive Announces 1-For-100 Reverse Stock Split Effective Sept. 17, 2024
Mullen Automotive Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announced today that it will effect a 1-for-100 reverse stock split ("Reverse Stock Split") of its common stock, par value $0.001 per share ("Common Stock"), that will become effective on Sept. 17, 2024, at 12:01 a.m. Eastern Time. The Common Stock will continue to trade on The Nasdaq Capital Market ("Nasdaq") under the existing symbol MULN and will begin trading on a split-adjusted basis when the market opens on Sept. 17, 2024. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P505.
Mullen Automotive Inc.(纳斯达克:MULN)(“Mullen”或“公司”),一家电动车(“EV”)制造商,今天宣布将对其普通股进行1比100的逆向股票拆分(“逆向股票拆分”),每股面值为0.001美元的(“普通股”),该拆分将于2024年9月17日美国东部时间凌晨12:01正式生效。普通股将继续在纳斯达克资本市场(“纳斯达克”)上交易,交易代码仍为MULN,从2024年9月17日市场开盘起将根据拆分后的基准进行交易。逆向股票拆分后普通股的新CUSIP编号将为62526P505。
The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement.
逆向股票拆分主要是为了使公司符合纳斯达克维持上市的最低市价要求1美元。公司不能保证能达到最低市价要求。
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