Mullen automotive inc. announces 1-for-9 reverse stock split effective august 11, 2023

Brea, calif., aug. 10, 2023 (globe newswire) -- via investorwire -- mullen automotive inc. (nasdaq: muln) (“mullen” or the “company”), an emerging electric vehicle manufacturer, announced today that it will effect a 1-for-9 reverse stock split (“reverse stock split”) of its common stock, par value $0.001 per share (“common stock”), that will become effective on august 11, 2023, at 12:01 a.m., eastern time. mullen's 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 august 11, 2023. the new cusip number for the common stock following the reverse stock split will be 62526p 307.
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