As Mullen Automotive (NASDAQ:MULN) prepares to host its special meeting of stockholders on December 23, all eyes are on the electric vehicle (EV) company’s stock.
Please be reminded: Nothing on EV EDITION is financial advice
At the meeting, shareholders will vote on a number of proposals, the main one being a reverse stock split that ranges from 1-for-2 to 1-for-25.
“According to Mullen, they won’t submit Proposal No. 1, or the reverse split amendment, “before to the later of March 6, 2023 and 180 days after such date.” as read in article written by investors place.
MULN stock has until March 6 to meet the requirements of Nasdaq by trading at a minimum closing bid price of at least $1 for 10 consecutive days.
Mullen must fulfill this condition in order for Nasdaq to grant a 180 calendar day extension.
