Mullen Automotive ( (MULN) ) has shared an announcement.
Mullen Automotive announced a 1-for-100 reverse stock split of its common stock, effective April 11, 2025, to comply with Nasdaq’s minimum bid price requirement. The reverse split reduced the number of outstanding shares from approximately 238.7 million to 2.4 million, while maintaining the same trading symbol and adjusting the CUSIP number. This move aims to stabilize the company’s stock price and maintain its Nasdaq listing.
Spark’s Take on MULN Stock
According to Spark, TipRanks’ AI Analyst, MULN is a Underperform.
Mullen Automotive’s overall stock score is low, driven by severe financial challenges and negative technical indicators. The termination of strategic agreements and compliance issues further stress the company’s situation. Despite some positive corporate governance changes, the stock remains high-risk due to persistent financial instability and market conditions.
To see Spark’s full report on MULN stock, click here.
More about Mullen Automotive
Mullen Automotive, based in Southern California, is an electric vehicle manufacturer with production facilities in Tunica, Mississippi, and Mishawaka, Indiana. The company produces commercial EVs, including the Mullen ONE cargo van and Mullen THREE cab chassis truck, both certified by CARB and EPA. Mullen has expanded its dealer network across key U.S. markets.
YTD Price Performance: -99.95%
Average Trading Volume: 33,551,266
Technical Sentiment Signal: Strong Buy
Current Market Cap: $146.9K
See more insights into MULN stock on TipRanks’ Stock Analysis page.