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shamalamadingdong

10/05/23 11:09 AM

#66686 RE: Craig305 #66683

September 6th, Mullen sent in the hearing request; it usually takes thirty days from the demand for a hearing to receive the hearing date; today is 30 days, so the hearing should be sometime within the next fifteen days after the hearing, NASDAQ can take up to three days to inform Mullen about their decision. I think between October. 20th and October 23rd, we should know what the decision is.

On Sept. 6, 2023, the Company requested a hearing before the Nasdaq Listing Qualifications Panel (“Panel”) to request a further extension of time and present its plan to regain compliance with Nasdaq Listing 5550(a)(2). Had the Company not requested this hearing, it would have been subject to delisting on Sept. 15,

2023. https://www.globenewswire.com/en/news-release/2023/09/07/2739290/0/en/Mullen-Automotive-Receives-Delisting-Determination-from-Nasdaq-Staff-for-Failure-to-Maintain-Minimum-1-00-Bid-Requirement.html
https://www.sec.gov/Archives/edgar/data/1499961/000110465922098921/tm2225513d1_8k.htm