Replies to post #37287 on Mullen Automotive Inc (MULN)

[jmoney360]

NOT HAPPENING MY FRIEND
LOOKS LIKE THIS COMPANY HAS TILL MARCH 6 2023

On September 7, 2022, Mullen Automotive Inc. (the “Company”) received a letter from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the bid price of the Company’s common stock, par value $0.001 per share (the “Common Stock”), had closed below $1.00 per share for 30 consecutive business days and, as a result, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2), which sets forth the minimum bid price requirement for continued listing on the Nasdaq Capital Market (the “Minimum Bid Requirement”). Nasdaq’s notice has no immediate effect on the listing of the Company’s ordinary shares on Nasdaq.



Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, until March 6, 2023, to regain compliance with the Minimum Bid Requirement. To regain compliance, the closing bid price of the Company’s Common Stock must be at least $1.00 per share for a minimum of ten consecutive business days during this 180-day period, at which time the Staff will provide written notification to the Company that it complies with the Minimum Bid Requirement, unless the Staff exercises its discretion to extend this ten-day period pursuant to Nasdaq Listing Rule 5810(c)(3)(G).

[howardriggin]

And then it starts to descend in price every day for. Eternity. No cars. No plan. The tour cars I think are lost