Summary by Moomoo AI
Mullen Automotive Inc. has announced the registration of a new class of securities with the SEC, specifically Rights to Purchase Series A-1 Junior Participating Preferred Stock, to be listed on the Nasdaq Capital Market. On May 1, 2024, the company's Board of Directors declared a dividend distribution of one right for each outstanding share of common and preferred stock, with the dividend payable to stockholders of record as of May 13, 2024. These rights are not exercisable until the Distribution Date, which is triggered by certain events such as a person acquiring beneficial ownership of 10% or more of the outstanding Common Stock. The Rights will become exercisable to purchase a portion of a share of Series A-1 Junior Participating Preferred Stock at a...Show More
