- Mullen failed to keep its share price above $1 for ten consecutive sessions.
- NASDAQ will delist MULN stock on or soon after September 5.
- Management handed its officers and CEO stock-based compensation on August 21.
- MULN stock rallied 68% on Wednesday following CEO shareholder letter.
Mullen Automotive (MULN) stock slid 18% on the first hour of Wall Street trading on Thursday. The stock is trading near $0.58 a day after MULN shares rallied hard after the chief executive released a shareholder letter.
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