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…
This article was originally published by Marketwatch.com. Read the original article here.