Shares of Mullen Automotive (NASDAQ:MULN) are once again near the pivotal $1 level. This comes despite the company enacting three reverse stock splits in 2023 — 1-for-25, 1-for-9 and 1-for-100. These splits add up to a cumulative ratio of 1-for-22,500. MULN stock is down by 91% year-to-date (YTD) and 99% year-over-year (YOY).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 shar ...