MULN Stock Flirts with $1 as Mullen Files to Resell Up to 85 Million Shares

On Friday, Mullen announced that it would resell up to 85 million shares upon the conversion of notes and the exercise of warrants. This is significant, as there were 24.85 million shares of common stock outstanding prior to the announcement. In other words, more dilution is on the way. MULN Stock Nears $1 After Filing to Resell 85 Million Shares As for the selling stockholders, the top three are Esousa Holdings, JADR Capital and Ault Lending. Esousa can resell up to 54.64 million shares, followed by JADR a ...