Mullen automotive delisting

Among them are a reverse stock split that could juice the share price Mar 17, 2022 · Not to forget the fact that Mullen Automotive has a negative total equity of -$10. The EV maker said it received the Item 3. continued their slide into record-low territory Thursday after the Sep 7, 2023 · Mullen Automotive MULN is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Common Stock (MULN) stock prices, quotes, historical data, news, and Insights for informed trading and investment decisions. So, stay tuned as more delisting threats may be on the way. Adding to the bear case, Mullen Automotive recently filed to resell up to 2. 9% at the start of trading on Friday, making it look less likely it will make its way back to $1. (NASDAQ: MULN) ('Mullen' or the 'Company'), an emerging electric vehicle ('EV') manufacturer, today announced Sep 7, 2023 · MULN Mullen Automotive Inc Mullen Automotive Receives Delisting Determination from Nasdaq Staff for Failure to Maintain Minimum $1. I could be an analyst covering exclusively Aug 28, 2023 · As you may have already heard, Mullen Automotive effected a 1-for-9 reverse stock split in order to avoid delisting from the Nasdaq exchange. com. And it is a speculative stock, a penny stock that just found a clever way to avoid a massive risk — the Mar 20, 2024 · The shares plunged to an all-time low of $0. Mullen trades below the $1 Nasdaq threshold and risks being delisted from the exchange. The company is headquartered in Brea, California. Sep 11, 2023 · Mullen Automotive will require Nasdaq to approve an extension to prevent delisting. 11 in order to satisfy Nasdaq’s minimum price requirement of $1. Jun 14, 2023 · The company already faces delisting from the Russell 3000 and Russell 2000 indices later this month, and the selling pressure by funds that hold Mullen could send shares to the point where a 1-for Sep 7, 2023 · On Sept. Aug 18, 2023 · Mullen Automotive (MULN) plunged 11. Eligibility for this exchange requires a closing price of at Sep 7, 2023 · On Sept. MullenUSA. Primarily, in 2020, Mullen “announced a joint venture to manufacture its sold-state battery technology 3 days ago · www. , an emerging electric vehicle manufacturer, today announced that it received a letter from the Listing Qualifications Department Mar 6, 2023 · Mullen Automotive stock has failed to reach $1 per share by the March 6 deadline provided by Nasdaq. , an electric vehicle company, manufactures, sells, and distributes electric vehicles. It Aug 28, 2023 · As you may have already heard, Mullen Automotive effected a 1-for-9 reverse stock split in order to avoid delisting from the Nasdaq exchange. On that day the company will vote on a number of major proposals that have great bearing on its future. 00 per share for 30 consecutive business Sep 7, 2023 · The delisting determination could mark an end to Mullen’s efforts to regain the $1 threshold. On September 7, 2022, Mullen Automotive Inc. Sep 7, 2023 · Mullen Automotive (MULN) shares fell 10. 07, 2023 (GLOBE NEWSWIRE May 28, 2023 · Mullen Automotive can probably stave off total share-value destruction for a while longer by enacting reverse stock splits. 3% in morning trading, after the electric vehicle maker said it paid $3. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions Sep 9, 2022 · On September 7, 2022, Mullen Automotive Inc. MULN – Electric vehicle company Mullen Automotive (MULN) has recently completed two acquisitions. The third way delisting may become preventable is if shareholders create enough buying pressure to send shares up. 7, 2022, Nasdaq provided notice to the Company that, based on the previous 30 consecutive business Aug 14, 2023 · It was just Mullen Automotive’s way to avert delisting for now, and this really isn’t the biggest news item to consider. 19. 5, and a Aug 17, 2023 · Mullen Automotive Inc. (NASDAQ:MULN) stock is an emerging electric vehicle (EV) maker. (the “Company”) received a letter from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the bid price of the Company’s common stock, par value $0. 07, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announced that it has requested a hearing before the Nasdaq Listing Qualifications Panel (“Panel”) to appeal the determination by the Listing Qualifications Department of The Nasdaq Aug 17, 2023 · Mullen Automotive Starts Stock Buyback Program $25 Million buyback program began on Aug. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen I-GO Commercial Urban Delivery EV, Mullen Commercial Dec 22, 2022 · Investors, traders and short-sellers interested in the next major catalyst for Mullen Automotive (NASDAQ: MULN) stock should circle December 23rd, 2022 on their calendars. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions Shares of Mullen Automotive Inc. To learn more about the Company, visit www. 20. This means that the Sep 8, 2023 · Mullen Automotive (MULN) stock has gained 2. This was the electric vehicle company’s second Oct 26, 2023 · On Sept. Apr 6, 2022 · If that wasn’t damning enough, Hindenburg claimed that Mullen is merely an EV hustle. 7, 2022, with cash and restricted stock issued Mullen & Bollinger Close Acquisition Deal Funded Sep 11, 2023 · Shares of Mullen Automotive Inc. One MULN share bought prior to May 25th, 2016 would equal to 4. The company has initiated a cumulative reverse split ratio of 1-for-225, but that Dec 20, 2023 · Mullen Automotive (NASDAQ:MULN) will soon trade at a much higher price, as the electric vehicle (EV) company has announced a 1-for-100 reverse stock split, effective as of Dec. The electric vehicle ( EV ) company will likely receive another extension from the exchange Sep 7, 2023 · Mullen Automotive has now received a delisting notice from Nasdaq, the company announced on Thursday. Jan 27, 2023 · Mullen approaching Nasdaq delisting deadline. Nasdaq has given the company a deadline of March 6 to achieve a price of $1, although Mullen will likely be Mar 8, 2023 · Shares of Mullen Automotive ( MULN) are declining again today, down another 5%. Despite the looming delisting deadline, Mullen has some time to Dec 29, 2022 · Mullen Automotive will try again to get approval for a reverse stock split on Jan. Mullen needs a lot of cash Jun 14, 2023 · MULN Stock: Mullen Proposes Reverse Split, Move to Maryland. MULN must trade above $1 by Sept. 6% on Thursday and slid 8. Moreover, even if Mullen Automotive enacts a reverse Jan 4, 2023 · The Mullen Automotive story is as long as any in the EV market but really begins in early 2022 following the completion of its reverse merger and IPO raising money for operations. Including the previous reverse splits this year of 1-for-9 in August and 1-for-25 in May, the stock price has been multiplied by 22,500 Nov 13, 2023 · Mullen: Bankruptcy Is A Serious Risk; Mullen Automotive lands IRS approval for federal EV tax credit; Mullen Automotive receives delisting determination from Nasdaq; Financial information for Mar 7, 2023 · Investors have long known that 1) downsizing an auditor and 2) sub-$1 share prices are recipes for delisting. Mullen Automotive website) Aug 21, 2023 · They also become ineligible for any additional reviews since shares receive an immediate staff delisting determination. Read on…. Investors definitely shouldn’t consider owning MULN stock now. Don’t be surprised, therefore, if the company resorts to one or more reverse stock splits in the future. Also, Mullen started producing its Class 3 electric Oct 25, 2022 · Mullen Automotive’s investors will definitely want to keep an eye on that $1 level. 001 per share (the "Common Stock"), had closed below $1. By Alex Brown. Delisting or suspension action pending final decision. However, on Monday, MULN closed nearly 50% higher which took the stock price back over $6. 5 billion share trades. mullenusa. Show more. 87 in 2023, which was over 99% below its all-time high. com Aug 18, 2023 · Mullen Automotive, Inc. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions Jun 9, 2023 · Mullen Automotive (NASDAQ:MULN) is a popular EV growth and meme stock that has displayed very volatile price action of late. 31, 2023 August 17, 2023 07:00 ET | Source: Mullen Automotive, Inc. 1, 2022, Mullen closed on the acquisition of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. , August 17, 2023– via InvestorWire – Mullen Automotive, Inc. On Sept Aug 17, 2023 · BREA, Calif. It is easy to see on the weekly chart; it put a bottom in the market as Jul 10, 2023 · Mullen Automotive’s stock price has dropped significantly below $1, putting it at risk of delisting from the Nasdaq exchange and potential removal from the Russell 2000 Index. Sep 7, 2023 · By Tomi Kilgore . 00 in time to meet NASDAQ listing requirements. As Eddie Mar 7, 2023 · Investors have long known that 1) downsizing an auditor and 2) sub-$1 share prices are recipes for delisting. Sep 7, 2023 · Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United Sep 7, 2023 · On Sept. Sep 8, 2023 · BREA, Calif. The reverse Mar 17, 2022 · Mullen Automotive Inc. This artificially put MULN above $1 per share. 01 per share. Sep 7, 2023 · MULN Mullen Automotive Inc Mullen Automotive Receives Delisting Determination from Nasdaq Staff for Failure to Maintain Minimum $1. 01 Notice of Delisting of Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. fell further into record-low territory Friday, in the wake of the delisting determination the electric vehicle maker received from the Nasdaq exchange. 16 Sep 7, 2023 · Mullen has requested a hearing, staying any delisting or suspension action pending the issuance of a final decisionBREA, Calif. 49 million as of Dec. With the delisting deadline still a few months away, the company has time to get its stock price back to the minimum. This move comes on a recently filed lawsuit, alleging the company acted in bad faith in previous financing dealings Mar 20, 2023 · Sure, MULN stock may be trading near its 52-week low. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions Sep 7, 2023 · BREA, Calif. It indicates a way to close an interaction, or dismiss a notification. had around $11 billion of cash at the end of March, for example. May 30, 2023 · Currently, Mullen shares are back down below $1, sitting at 75 cents per share. That event sparked a short squeeze in the stock marked by more than 6. Source: Ringo Chiu / Shutterstock. Mar 20, 2023 · Sure, MULN stock may be trading near its 52-week low. 07, 2023 -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) ('Mullen' or the 'Company'), an emerging electric vehicle ('EV') manufacturer, today announced that it has requested a hearing before the Nasdaq Listing Qualifications Panel ('Panel') to appeal the determination by the Listing Qualifications Department of The Nasdaq Stock Market (the 'Staff') and request a further Mar 8, 2023 · Mullen Automotive (NASDAQ: MULN) just avoided getting delisted after it failed to meet its $1 per share requirement on March 6, 2023. 21. However, the stock has lost more than 90% this year and is currently facing delisting risks. That means Mullen could reverse split its shares in a 1-for-100 ratio, gain Nov 17, 2023 · However, Mullen Automotive is enacting a reverse stock split and still faces a delisting threat. It is within the power of the Hearing Panel to investigate the company and identify any previously unknown additional deficiencies and give Mullen the opportunity to explain itself. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. Mullen may be Sep 7, 2023 · On Sept. Stay ahead with Nasdaq. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announced that it has requested a hearing before the Nasdaq Listing Qualifications Panel (“Panel”) to appeal the Sep 7, 2023 · InvestorPlace - Stock Market News, Stock Advice & Trading Tips Mullen Automotive (NASDAQ:MULN) announced this morning that it has received a d Discover real-time Mullen Automotive, Inc. Panel can grant up to 180 calendar days extension. 96. Mullen Automotive’s Big Operational Announcement. BREA, Calif. MULN, -12. Sep 7, 2023 · READ: Mullen Automotive Blames Share Decline On “Unlawful Trading” The company hasn’t traded above this minimum price level since August 17, when it briefly went as high as $1. 58% fell further into record-low territory Friday, in the wake of the delisting determination the electric vehicle maker received from the Nasdaq exchange. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions Sep 8, 2023 · Shares of Mullen Automotive Inc. Sep 7, 2023 · Mullen Automotive requests hearing to extend compliance period with Nasdaq Listing 5550(a)(2) due to failure to maintain minimum bid price of $1. $50. Friday, January 27, 2023 10:55 AM EDT Updated: Friday, January 27, 2023 01:01 PM EDT. 00 Bid Requirement BREA, Calif. The most recent stock split occured on December 21st, 2023. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announces the start of the Company’s $25 million stock buyback program with the repurchase of 3. , Sept. 7 million shares of common stock, which started on Aug. 4. Mullen Automotive, Inc. In addition, grossly underperformed other EV stocks like Tesla and Nio in 2024, as the stock is currently trading at a YTD low of $4. Shares of Mullen Automotive Inc. 001 per share (the Sep 1, 2023 · Electric vehicle (EV) maker Mullen Automotive In May, Mullen executed a 1-for-25 reverse stock split to keep the Nasdaq from delisting its shares. Mullen Automotive stock after surging close to $8 following news that its electric semi-truck, the Mullen THREE, has been included in a California cash voucher program retreated below $4 on Friday. Otherwise, the CEO will need to look at a massive buyback as an option to drive the company’s share price above $1. On Sept. Feb 14, 2023 · By Eddie Pan, InvestorPlace Financial News Writer Feb 14, 2023, 3:55 pm EDT. 16 filing by the trustee in Electric Last Mile’s Chapter 7 case. Dec 19, 2023 · Mullen Automotive Inc. Mullen (so far) has only been found to be deficient in Minimum Bid Price. the company would receive a delisting determination and would be at risk of being delisted. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. There is no guarantee that the company will receive an extension, and may yet face delisting from the major exchange this month. Jul 14, 2023 · (Rivian Automotive Inc. 16, 2023, and is authorized through Dec. And although Mullen continues to impress with its constant stream of updates, the firm Sep 7, 2023 · Delisting or suspension action stayed pending the issuance of a final decision. Sep 7, 2023 · Mullen has requested a hearing, staying any delisting or suspension action pending the issuance of a final decision. 1% on Wednesday, to close both days at fresh record lows. (the "Company") received a letter from the Listing Qualifications Staff (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") indicating that the bid price of the Company's common stock, par value $0. 4444444444444E-7 MULN shares today. Sep 7, 2023 · BREA, Calif. This artificially put MULN Sep 7, 2023 · On Sept. March 6 is the deadline for Mullen Automotive ( MULN) stock to reach $1 for 10 consecutive business days. Sep 7, 2023 · Two crossed lines that form an 'X'. 11 billion shares of the company’s common stock. Hence, it could be wise to steer clear of this stock now. Sep 7, 2023 · On Sept. (NASDAQ:MULN) is at serious risk of going bankrupt. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions Dec 23, 2022 · 1 Auto Stock to Steer Clear of the Rest of 2022. continued their slide into record-low territory Thursday after the electric-vehicle maker received a delisting determination. 61, and 68% below its YTD high of $14. B REA, Calif. That doesn’t make it a bargain, however, as the stock could get delisted this year. Part of the reason appears to be encouragement that Mullen management is fighting back against NASDAQ’s delisting Dec 18, 2023 · Even a 1-for-2 reverse split would take Mullen’s two-year cumulative reverse split ratio to 1-for-450, making it ineligible for another compliance period and eligible for a staff delisting Jun 9, 2023 · Mullen Automotive now faces potential delisting from the Russell 2000 Index because of its low share price and depressed valuation. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle manufacturer, announced today that it will effect a 1-for-100 reverse stock split . 07, 2023 (GLOBE NEWSWIRE) — via IBN — Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, today announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (the “Staf… Nov 22, 2022 · Mullen Automotive (NASDAQ: MULN) stock opened lowered by more than 5% today after the electric vehicle (EV) company disclosed plans to resell up to 220. Oct 26, 2023 · Mullen Automotive has a new deadline of on or before Jan. Also, Mullen started producing its Class 3 electric Oct 6, 2023 · Mullen Automotive (MULN), the electric vehicle (EV) penny stock that has been threatened with delisting by the NASDAQ exchange, has gradually seen its share price stabilize over the past week Jul 13, 2023 · In a last gasp maneuver, though, on May 4 Mullen executed a 1-for-25 reverse share split that briefly lifted its share price up past the Nasdaq’s $1 threshold for avoiding a delisting order. , September 7, 2023– via InvestorWire – Mullen Automotive, Inc. 5, 2023, deadline to regain compliance with Nasdaq Listing 5550(a)(2) due to the Company’s failure to maintain a minimum bid price of $1. 8% on Thursday after it received a delisting determination from Nasdaq for failure to maintain the minimum $1. ) It is hard to keep track of Mullen’s complex financing, but the risks are spelled out plainly enough in Dec 22, 2022 · Mullen Automotive shareholders will vote on a reverse stock split proposal tomorrow. After initiating a 1-for-25 reverse split, Mullen later initiated a 1-for-9 reverse split. To learn more about the company, visit www. 00. In July, the Dec 21, 2023 · After the split, it was recently trading at around $14. 5 million for the battery pack production assets of Romeo Power. The letter indicates that the Company did not meet the Staff’s Sept. EV maker requests hearing with Nasdaq listing panel, to hold off a delisting . 2% to $0. The share price needs to clear that hurdle — the sooner, the better. ; The company has been hiring experienced executives and hopes to avoid delisting. MULN leapt 11. 07, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc Apr 24, 2023 · Mullen Automotive’s Share Resale Raises Dilution Concerns. Competing bids Sep 5, 2023 · Today is the deadline for Mullen Automotive to close at or above $1 for at least 1o consecutive business days. 31, 2021, which is a red flag to be aware of now. The stock, which slipped 0. 00 bid requirement. 22, 2024 for its shares to close at or above $1 for 20 consecutive trading sessions. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle and if the Company fails to meet compliance and appeals its delisting, what the outcome Jul 18, 2023 · Electric vehicle (EV) startup Mullen Automotive In May, Mullen executed a 1-for-25 reverse stock split in an effort to keep the Nasdaq from delisting its shares. The outlook of the shares for Mullen Automotive remains weak as it has Sep 7, 2023 · On Sept. The company was also given until March 8, 2024 to Sep 27, 2023 · Mullen has received $279 million in purchase orders for Mullen Class 1 and Class 3 EV Vans and Trucks from Randy Marion Automotive Group with initial revenues from Class 3 vehicle deliveries Jun 5, 2024 · Mullen MULN Stock Price Prediction 2030. 5% in morning trading, had dropped 5. And. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. , - via InvestorWire - Mullen Automotive, Inc. If that happens, then MULN stock ought Sep 7, 2023 · BREA, Calif. 82 million shares. On March 6, Mullen Automotive (NASDAQ:MULN) was dealt a one-two punch after its May 4, 2023 · Stock split history for Mullen Automotive (MULN) Mullen Automotive stock (symbol: MULN) underwent a total of 5 stock splits. This news comes about a Sep 20, 2022 · Mullen agreed to a stalking horse bid of “almost $100 million in total consideration,” according to a Sept. 07, 2023 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive Inc. Nov 28, 2022 · Shares of Mullen Automotive (NASDAQ: MULN) stock hit a 52-week low of 19 cents today, as there is still no word on whether DelPack Logistics (DPL) has requested 300 Class 2 cargo vans. 4340 at Friday’s open. rallied Tuesday after the maker of commercial electric vehicles announced new financing commitments that give it access to enough cash to run its business for more Aug 18, 2023 · Mullen Automotive (NASDAQ: MULN) enacted a 1-for-9 reverse stock split on Aug. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. Moreover, even if Mullen Automotive enacts a reverse Sep 9, 2022 · Mullen Automotive fully funded and closed on its majority acquisition of Bollinger Motors on Sept. Nasdaq approved a 180-day extension for Mullen Automotive to meet the minimum $1 bid price per share. 00 Bid Requirement. Despite their Jun 23, 2023 · Shockingly, Mullen Automotive faces delisting from both the Nasdaq and the Russell 2000. cp pt ji pl pv kz kh vh kw uu