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Mullen Automotive Stock Soars 6960.98% on Reverse Split
Generated by AI AgentAinvest Pre-Market Radar
Monday, Jun 2, 2025 9:02 am ET1min read
Mullen Automotive's stock surged an astonishing 6960.98% in pre-market trading on June 2, 2025, marking a significant milestone for the company.
Mullen Automotive, a Southern California-based automotive company, announced a 1-for-100 reverse stock split of its common stock. This move is aimed at increasing the stock price and potentially attracting more investors by making the shares more accessible.
The reverse stock split, effective from June 2, 2025, is part of Mullen Automotive's strategic efforts to enhance shareholder value and stabilize its stock performance. The company's decision to implement this corporate action reflects its commitment to long-term growth and financial stability.
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