: Mullen Automotive shares plunge on reverse stock split announcement

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: Mullen Automotive shares plunge on reverse stock split announcement

By: market watch Posted On: May 03, 2023 View: 70

Mullen Automotive Inc. will conduct a 1-for-25 reverse stock split as the electric-vehicle company looks to maintain its Nasdaq listing.

The company’s stock, which has been attracting meme-like attention, ended Wednesday’s session down 21.1%.

The stock will continue to trade on the Nasdaq Capital Market under the existing symbol “MULN” and...

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