Saturday, August 13, 2022 10:39:38 AM
For the next sixteen trading days they only have to have the stock price close above $1 once to reset the clock and come back into compliance.
If they don’t, they receive a notice of non-compliance and that comes with an automatic 180 calendar day extension. However, during that extension the bid price has to go above $1 for 10 consecutive days to come back into compliance.
At the end of the 180 days they can apply for another 180 days but that requires they submit a plan for compliance which in 95% of the cases involved a reverse split and the second 180 days is the time given to effectuate it.
The stock is not getting delisted anytime soon, but in 16 days they move into the next phase of that process if the closing bid price does not hit $1 before then.
"Harsh reality is always better than false hope"
Recent MULN News
- Bollinger Motors Taps Amerit Fleet Solutions for Mobile Service & Warranty for the Company's B4 All-Electric Class 4 Commercial Truck • PR Newswire (US) • 05/07/2024 01:30:00 PM
- Mullen Announces Bollinger Motors Taps Amerit Fleet Solutions for Mobile Service and Warranty for the Company’s B4 All-Electric Class 4 Commercial Truck • GlobeNewswire Inc. • 05/07/2024 01:00:00 PM
- Form 8-A12B - Registration of securities [Section 12(b)] • Edgar (US Regulatory) • 05/06/2024 02:08:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 02:00:49 PM
- Mullen Signs Agreement with California Based and HVIP Approved, National Auto Fleet Group • GlobeNewswire Inc. • 05/06/2024 01:15:00 PM
- Mullen Announces Adoption of Limited Duration Stockholder Rights Plan • GlobeNewswire Inc. • 05/06/2024 01:00:00 PM
- Pritchard EV and Mobile Road Service Solutions Debut All Electric Mullen ONE Roadside Assistance Vehicle at American Towman Showcase in Las Vegas • GlobeNewswire Inc. • 05/02/2024 01:00:00 PM
- Mullen Adds One of the Largest US Commercial Dealers, Pritchard EV, to Dealer Network • GlobeNewswire Inc. • 05/01/2024 01:00:00 PM
- California Issues HVIP Approval, Granting Mullen’s Class 3 EV Trucks a $45,000 Cash Voucher Per Vehicle Sold • GlobeNewswire Inc. • 04/29/2024 01:00:00 PM
- Mullen Announces New CARB Approval for 2025 Class 3 EV Cab Chassis Truck • GlobeNewswire Inc. • 04/25/2024 01:15:00 PM
- Mullen’s New High Energy Facility Marks Phase One Completion of Battery Pack Assembly Line • GlobeNewswire Inc. • 04/22/2024 01:25:00 PM
- Mullen Achieves Manufacturing Milestone with 500th Commercial Vehicle Produced • GlobeNewswire Inc. • 04/18/2024 12:25:00 PM
- Mullen Streamlines Business Operations to Focus on Near Term Commercial Opportunities • GlobeNewswire Inc. • 04/08/2024 12:30:00 PM
- Mullen Files for Foreign Trade Zone Status in Tunica, Mississippi • GlobeNewswire Inc. • 04/01/2024 12:00:00 PM
- Mullen Continues Prioritization of Commercial EVs • GlobeNewswire Inc. • 03/14/2024 01:15:00 PM
- Mullen Automotive Provides Timeline Update on US Government Ruling for Class 1 EV Cargo Vans • GlobeNewswire Inc. • 03/13/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 02:15:27 PM
- Mullen Regains Full Nasdaq Compliance • GlobeNewswire Inc. • 03/07/2024 02:00:00 PM
- BOLLINGER MOTORS NAMES NEXT TWO DEALERS IN SEVEN STATES AT 11 LOCATIONS • PR Newswire (US) • 03/05/2024 01:50:00 PM
- Mullen Subsidiary, Bollinger Motors, Names Next 2 Dealers in 7 States and 11 Locations • GlobeNewswire Inc. • 03/05/2024 01:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 11:00:22 AM
- Mullen’s Solid-State Polymer Battery Pack Hits the Road for Class 1 Vehicle Testing on Feb. 26, 2024 • GlobeNewswire Inc. • 02/29/2024 02:20:00 PM
- Mullen Emphasizes Focus on Commercial Vehicle Segment with First Mover Advantage Across Class 1 and 3 Electric Cargo Vans and Trucks • GlobeNewswire Inc. • 02/26/2024 03:00:00 PM
- Mullen Automotive Provides Timeline Update on US Customs and Border Protection Ruling for Class 1 EV Cargo Vans • GlobeNewswire Inc. • 02/21/2024 02:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/21/2024 12:03:40 AM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM