Mullen Automotive, amidst challenges and opportunities, undertakes key strategic decisions. The company recently implemented a 1-for-100 reverse stock split effective June 2, 2025. Additionally, Mullen settled a longstanding legal dispute with GEM Group, leading to a pause in collection efforts and potential acquisition of its Mishawaka facility, along with an expansion of the Tunica plant to enhance production capacity. Furthermore, Mullen’s progress includes securing a notable $1.4 million order for 20 Class 3 electric trucks from Cashflow on Wheels, based in Houston, reflecting the increasing demand for environmentally friendly commercial vehicles in the last-mile logistics sector.
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