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home / news releases / MULN - Mullen Automotive starts stock buyback program

MULN - Mullen Automotive starts stock buyback program

Mullen Automotive Inc.

2023-08-17 07:44:21 ET

  • Mullen Automotive Inc ( NASDAQ: MULN ) Thursday announced the start of the company’s $25 million stock buyback program with the repurchase of 3.7 million shares of common stock, which started on Aug. 16, 2023, and can continue through Dec. 31, 2023, for an aggregate of $3,626,000.
  • David Michery, CEO and chairman of Mullen also purchased 102,040 shares in the open market on Aug. 16, 2023, at a price of $0.9842 per share.
  • The company is committed to taking all available measures to regain compliance with the NASDAQ minimum $1.00 bid price requirement.
  • Source: Press Release

For further details see:

Mullen Automotive starts stock buyback program
Stock Information
Company Name: Mullen Automotive Inc.
Stock Symbol: MULN
Market: NASDAQ
Website: mullenusa.com
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