Mullen Automotive shares plunge after reverse stock split is announced


Mullen Automotive Inc. will conduct a 1-for-25 reverse stock split as the electric vehicle company looks to maintain its Nasdaq listing.

The company’s stock, which has been attracting meme-like attention, fell 18.9% Wednesday.

The stock will continue to trade on the Nasdaq Capital Market under the existing symbol ‘MULN’ and will begin trading…

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