Mullen Automotive Inc. (Mullen), a Delaware corporation, announced the filing of a preliminary proxy statement with the U.S. Securities and Exchange Commission (SEC) for a Special Meeting of Stockholders scheduled for September 13, 2024. The meeting will be held virtually, allowing stockholders to attend and vote online. The primary agenda includes a proposal to approve a reverse stock split, necessary for the company to regain compliance with the Nasdaq Capital Market's continued listing requirements. The Board of Directors has proposed an amendment to Mullen's Second Amended and Restated Certificate of Incorporation to effect a reverse stock split of the company's outstanding common stock at a ratio between 1-for-2 to 1-for-100, as determined by the Board. Additionally, the meeting...Show More

Mullen Automotive Inc. (Mullen), a Delaware corporation, announced the filing of a preliminary proxy statement with the U.S. Securities and Exchange Commission (SEC) for a Special Meeting of Stockholders scheduled for September 13, 2024. The meeting will be held virtually, allowing stockholders to attend and vote online. The primary agenda includes a proposal to approve a reverse stock split, necessary for the company to regain compliance with the Nasdaq Capital Market's continued listing requirements. The Board of Directors has proposed an amendment to Mullen's Second Amended and Restated Certificate of Incorporation to effect a reverse stock split of the company's outstanding common stock at a ratio between 1-for-2 to 1-for-100, as determined by the Board. Additionally, the meeting will address the approval of an amendment to Mullen's 2022 Equity Incentive Stock Plan to increase the number of shares authorized for issuance by an additional 11,000,000 shares and to approve the adjournment of the Special Meeting, if necessary. The Board has fixed August 15, 2024, as the record date for determining stockholders entitled to vote and participate in the Special Meeting.