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Mullen Automotive | 8-K: Mullen Automotive Regains Compliance with Nasdaq Minimum Bid Price Requirement

SEC announcement · Jan 24 15:05

MULN -9.00%

Summary by Moomoo AI

On January 24, 2024, Mullen Automotive Inc., an emerging electric vehicle manufacturer, announced that it has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on The Nasdaq Capital Market. The company received formal notice from The Nasdaq Stock Market LLC confirming this compliance. Additionally, Mullen Automotive has been granted an extension until March 8, 2024, by the Nasdaq Hearings Panel to meet the annual shareholder meeting requirement. The company has scheduled its Annual Meeting of Stockholders for February 29, 2024. This announcement follows Mullen's strategic moves, including the acquisition of Bollinger Motors and assets from Electric Last Mile Solutions, positioning the company as a growing player in the electric vehicle industry with a portfolio that includes the Mullen FIVE EV Crossover and commercial electric vehicles.

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