Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, is now in full compliance with all Nasdaq continued listing requirements and will continue to be listed and traded on the Nasdaq Capital Market. On Mar. 6, 2024, Mullen received formal notice from the Nasdaq Stock Market LLC confirming that the company has regained compliance with the annual shareholder meeting requirements set for in Nasdaq Listing Rule 5620(a). The company had previously announced on Jan. 24, 2024, that it had regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The company anticipates being removed from Nasdaq’s list of noncompliant companies within approximately four business days from the Mar. 6 receipt of Nasdaq’s notification of compliance.
To view the full press release, visit https://ibn.fm/EgkyH
About Mullen Automotive Inc.
Mullen is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in its two United States-based assembly plants. Mullen’s EV development portfolio includes the Mullen FIVE EV Crossover, Mullen-GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of Electric Last Mile Solutions’ (“ELMS”) assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. For more information about the company, visit www.MullenUSA.com.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://ibn.fm/MULN
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