Why is MULN stock down sharply?

The stock price of MULN has experienced a significant drop from July 1 to July 2. Mullen Automotive's stock decline can be attributed to **Recent Capital Raise**. Mullen Automotive has recently undergone a capital raise, which often leads to a dilution of existing shares and can be perceived negatively by the market. Such events can result in a sell-off of shares, causing the stock price to fall. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |MULN|MULN.O|Mullen Automotive|20250626|-15.5556|186| |MULN|MULN.O|Mullen Automotive|20250627|-21.7105|186| |MULN|MULN.O|Mullen Automotive|20250630|-27.4454|186| |MULN|MULN.O|Mullen Automotive|20250701|-28.6773|186| |MULN|MULN.O|Mullen Automotive|20250702|-11.04254628126016|186|