Mullen Automotive Regains Compliance With Nasdaq Minimum Bid Price Requirement; Mullen Will Continue To Be Listed And Traded On Nasdaq Capital Market
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive has regained compliance with the Nasdaq minimum bid price requirement, according to a recent SEC filing. This means that Mullen's stock will continue to be listed and traded on the Nasdaq Capital Market without facing the risk of delisting due to bid price deficiencies.
January 24, 2024 | 8:03 pm
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Mullen Automotive has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the Nasdaq Capital Market.
Regaining compliance with Nasdaq's minimum bid price requirement is a positive development for Mullen Automotive. It removes the immediate risk of delisting, which can be seen as a vote of confidence in the company's financial stability and future prospects. This news is likely to be viewed positively by investors and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100