Mullen Trades Above $1 Minimum Bid Price Requirement for 10 Consecutive Days

May 18, 2023

(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that its stock has traded above Nasdaq’s $1 minimum bid price requirement for 10 consecutive days. On March 8, 2023, Nasdaq approved the Company’s request for a 180-day extension through Sept. 5, 2023, to meet the $1 minimum bid price requirement. Mullen Automotive Trades on NASDAQ Capital MarketsStock Ticker Symbol: MULNAbout MullenMullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (“EVs”) that will be manufactured in two Company-owned United States-based assembly plants. Forward-Looking StatementsCertain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements.

The source of this news is from Mullen Automotive