Shares of Mullen Automotive (NASDAQ:MULN) stock are accelerating over 30% higher after the company disclosed that it had adopted a poison pill plan. A poison pill plan is a strategy to deter another investor or investment firm from acquiring a large stake in a company. In the case of Mullen, this stake is defined as 10% or greater. As Mullen explained: “The Rights Plan is designed to enable all Company stockholders to realize the long-term value of their investment and is intended to protect Mullen and its ...