Mullen Automotive (MULN) Announces 1-for-100 Reverse Stock Split

Apr 11, 2025

Mullen Automotive (MULN, Financial) announces a significant move to address Nasdaq's listing requirements.
The company will execute a 1-for-100 reverse stock split on April 11, 2025.
This strategic action consolidates its outstanding shares, impacting shareholder value and market perception.

Mullen Automotive's Strategy: A 1-for-100 Reverse Stock Split

Mullen Automotive (MULN) is taking decisive action to comply with Nasdaq's $1.00 minimum bid price requirement by executing a 1-for-100 reverse stock split. This strategic decision is scheduled to take effect on April 11, 2025.

Understanding the Impact of the Reverse Stock Split

The reverse stock split will effectively consolidate approximately 220 million shares into just 2.2 million shares. For investors, this means that every 100 shares of Mullen Automotive currently held will be converted into a single share.

What This Means for Trading and Shareholders

Trading on a split-adjusted basis is set to commence immediately following the reverse split. This tactic is aimed at enhancing the company's share price, meeting Nasdaq's compliance threshold, and potentially renewing investor interest and confidence.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.