Summary by Futu AI
Mullen Automotive Inc. (Mullen), a Delaware corporation, announced a Special Meeting of Stockholders to be held virtually on September 13, 2024, at 9:30 A.M. Pacific Time. The meeting will address proposals including a reverse stock split, an amendment to the company's 2022 Equity Incentive Stock Plan to increase the number of shares authorized for issuance, and the potential adjournment of the meeting if necessary. The reverse stock split aims to regain compliance with Nasdaq Capital Market listing requirements by reducing the number of outstanding shares, with the exact ratio to be determined by the Board. The amendment to the Equity Incentive Stock Plan proposes an additional 11,000,000 shares to be authorized for issuance. Stockholders of record as of August 15, 2024, are entitled to vote at the meeting. Proxy materials are available at www.proxyvote.com, and stockholders are encouraged to vote if they cannot attend. The Board of Directors recommends voting in favor of all proposals.