Mullen Automotive, Inc (MULN) Regains Nasdaq Compliance

Mullen Automotive Inc. (Nasdaq: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, today announces that on Oct. 16, 2024, the Company received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) confirming that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). Mullen is now in full compliance with all Nasdaq continued listing requirements and will continue to be listed and traded on The Nasdaq Capital Market.

Based on the foregoing, the previously scheduled Nasdaq hearing before the Panel has been cancelled and the matter is now closed. Pursuant to applicable Nasdaq procedures, the Company anticipates being removed from Nasdaq’s list of noncompliant companies within approximately four business days from the Oct. 16, 2024, receipt of Nasdaq’s notification of compliance.

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