Mullen Automotive Inc (MULN)

[double_m]

This thing is getting interesting! Researching 'poison pills' show that this could also be a discounted shareselling maneuver that ends in more and more dilution. Mr. Hankey is taking everyone for a ride and no one knows where he's going.

double_m
Re: None

Monday, May 06, 2024 10:14:52 AM
Post# 70966 of 70968
This confirms it. Someone's coming after MULN!🤣

On May 1, 2024, the Board of Directors of Mullen Automotive Inc. (the “Company”) declared a dividend distribution of one right (a “Right”), for each outstanding share of common stock, par value $0.001 per share, of the Company and preferred stock, par value $0.001 per share, of the Company. The dividend is payable to holders of record as of the close of business on May 13, 2024. In connection with the distribution of the Rights, the Company entered into a Rights Agreement (the “Rights Agreement”), dated as of May 1, 2024, between the Company and Continental Stock Transfer & Trust Company, as rights agent.