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.
電動汽車（「電動汽車」）製造商馬倫汽車公司（納斯達克股票代碼：MULN）（「馬倫」 或 「公司」）今天宣佈，它將對面值每股0.001美元的普通股（「普通股」）進行1比100的反向股票拆分（「反向股票拆分」），該拆分將於美國東部時間2024年9月17日凌晨 12:01 生效。普通股將繼續以現有代碼MULN在納斯達克資本市場（「納斯達克」）上交易，並將於2024年9月17日市場開盤時開始按拆分調整後的方式進行交易。反向股票拆分後，普通股的新CUSIP號碼將爲 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.
反向股票拆分主要旨在使公司遵守維持在納斯達克上市的1.00美元的最低出價要求。無法保證公司會達到最低出價要求。
