Mullen Automotive Soars 16.83% on Reverse Split, Bollinger Stake
Before the BellWednesday, Jun 25, 2025 9:25 am ET
1min readOn June 25, 2025, Mullen Automotive's stock surged by 16.83% in pre-market trading, marking a significant rise in investor interest and confidence in the company's future prospects.
Mullen Automotive recently completed a 1-for-100 reverse stock split, which means shareholders now hold one share for every 100 shares they previously owned. This move is often seen as a strategy to boost the stock price and attract more investors by making the shares more accessible and valuable.
Additionally,
has increased its stake in Bollinger Motors to 95% by acquiring an additional 21% ownership. This strategic acquisition is expected to enhance Mullen's position in the electric vehicle (EV) market, as Bollinger Motors is known for its innovative and high-performance EV designs.With these developments, Mullen Automotive is poised to capitalize on the growing demand for EVs and the advancements in battery technology, positioning itself as a key player in the rapidly evolving automotive industry.
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