MULN Stock Alert: Mullen’s Reverse Stock Split Takes Effect TOMORROW
MULN stock won't trade in the 10-cent range for long
Mullen Automotive’s (MULN) shares will begin trading on a 1-for-9 reverse stock split adjusted basis starting tomorrow, Aug. 11.
Nasdaq had provided the company with a deadline of Sept. 5 to reach a minimum price of $1 for at least 10 consecutive business days.
Every nine shares of MULN stock will consolidate into one share.
Mullen Automotive’s (MULN) shares will begin trading on a 1-for-9 reverse stock split adjusted basis starting tomorrow, Aug. 11.
Nasdaq had provided the company with a deadline of Sept. 5 to reach a minimum price of $1 for at least 10 consecutive business days.
Every nine shares of MULN stock will consolidate into one share.
Earlier this week, Mullen Automotive (NASDAQ:MULN) announced that its shares would undergo a 1-for-9 reverse stock split. This decision was made after shareholders at the company’s recent annual meeting of stockholders voted in favor of authorizing a reverse split in a range between 1-for-2 and 1-for-100.
Today, Mullen announced that the 1-for-9 reverse split would become effective as of tomorrow, Aug. 11. Due to the reverse split, every nine shares of MULN stock held will consolidate into one share, while the price of MULN will increase by a factor of nine. Mullen stated that fractional shares will not be issued, but instead will be rounded up to the nearest whole share. Percentage ownership of MULN will not be affected by the reverse split, excluding the effects of rounded-up shares.
This time $muln reverse splits - should i either?
Today, Mullen announced that the 1-for-9 reverse split would become effective as of tomorrow, Aug. 11. Due to the reverse split, every nine shares of MULN stock held will consolidate into one share, while the price of MULN will increase by a factor of nine. Mullen stated that fractional shares will not be issued, but instead will be rounded up to the nearest whole share. Percentage ownership of MULN will not be affected by the reverse split, excluding the effects of rounded-up shares.
This time $muln reverse splits - should i either?
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lucaspan : u buy yourself
Ravi_Sharma : worst stock