Mullen Automotive, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to email@example.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
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On April 6, 2022, Hindenburg Research published a report alleging, among other things, that Mullen misrepresented results of certain battery testing. Furthermore, the report claimed that a 2020 joint venture to manufacture Mullen’s battery technology “didn’t exist at all” and was “an apparent fabrication.”
On this news, Mullen’s stock fell $0.34, or 12.5%, over two consecutive trading sessions to close at $2.38 per share on April 7, 2022, thereby injuring investors.