MULN - Mullen Automotive Regains Compliance with Nasdaq Minimum Bid Price Requirement | Benzinga
BREA, Calif., Jan. 24, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces today that it has received formal notice from The Nasdaq Stock Market LLC confirming the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). Mullen will continue to be listed and traded on The Nasdaq Capital Market.
As previously disclosed, the Nasdaq Hearings Panel has also granted the Company until March 8, 2024, to demonstrate compliance with the annual shareholder meeting requirement set forth in Nasdaq Listing Rule 5620(a). Mullen has scheduled its Annual Meeting of Stockholders to be held on February 29, 2024.
About Mullen
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 States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed ...