- MULN stock has fallen 19% since receiving notice that NASDAQ exchange would continue to honor its listing.
- Mullen Automotive had been in violation of a rule requiring its share price to remain above $1.
- NASDAQ has given Mullen until January 22, 2024, to keep its share price above $1 for 20 consecutive trading sessions.
- Mullen CEO David Michery will hold a shareholder meeting on December 15 to vote on a reverse split with a ratio between 1-for-2 to 1-for-100.
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