Shares of Mullen Automotive Inc. continued their slide into record-low territory Thursday after the electric-vehicle maker received a delisting determination.
The company said it requested a hearing before the Nasdaq Listing Qualifications Panel to request an extension and to present its plan to regain compliance. Mullen’s stock has closed below $1 since Aug. 16, even after the company implemented a 1-for-25 reverse stock split effective May 4 and a 1-for-9 reverse split that was effective Aug. 11.
Car Car Latest News, Car Car Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »