Mullen Automotive's 1-for-100 reverse stock split is a critical move to maintain Nasdaq listing compliance. While it doesn't change the company's $184 million market cap, it's a red flag for investors. This drastic measure often indicates financial distress and can lead to further dilution. The stock has plummeted 99.9% over the past year, reflecting severe challenges. Positive aspect : it provides a chance to regain compliance and continue access to capital markets. Negative aspect : it doesn't address underlying financial issues. Investors should scrutinize Mullen's cash position, burn rate and product roadmap before considering it as a viable investment.