Summary by Futu AI
Mullen Automotive Inc., a Delaware-based company, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC) on September 20, 2024. The filing is intended to register additional shares of the company's common stock that are issuable under the Mullen Automotive Inc. 2022 Equity Incentive Plan, as amended, and the 2022 and 2023 Performance Stock Award Agreements. This action follows the approval by stockholders at a special meeting on September 9, 2024, and is a result of a 1-for-100 reverse stock split of its common stock that took place on September 17, 2024. The reverse stock split led to a proportionate reduction in the number of shares previously registered. The additional shares are also meant for issuance to David Michery, CEO and founder, based...Show More