Mullen Automotive Plunges 15% on 200M Share Offering

Mullen Automotive's stock price plummeted by 15% in pre-market trading on April 8, 2025, marking a significant downturn for the electric vehicle manufacturer.

Mullen Automotive, Inc. has filed to sell up to 200 million shares of common stock, a move that could potentially dilute existing shareholders' stakes. This filing comes as the company seeks to expand its capital base, aiming to leverage its US-sourced components and technology.

The decision to offer such a large number of shares has raised concerns among investors about the potential impact on the company's stock price. The increased supply of shares could lead to a decrease in demand, further driving down the stock price.

Additionally, the filing has sparked discussions about the company's strategic direction and its ability to manage its capital structure effectively. Investors are closely monitoring Mullen Automotive's next steps, as the outcome of this share offering could have significant implications for the company's future performance.