To The Moon

Mullen Automotive Inc. said Thursday it will convene a special shareholder meeting on Dec. 15 to vote on the board's proposal for a reverse stock split at an exchange ratio of between 1-for-2 to 1-for-100. The move is aimed at giving the electric vehicle company a stock price of at least $1 so it can comply with Nasdaq minimum listing requirements. The stock was down 6.8% in premarket trade after closing Wednesday at 34 cents. The stock has fallen 99% in the year to date, while the S&P 500 has gained 12%.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

Shares of game development software provider Unity rose more than 4% in morning trading after the company announced it is parting ways with its CEO, John Riccitiello. Investors welcomed the decision,

After a price increase last year, Unity is rolling out an entirely new type of fee.

Mullen Automotive will collaborate with Phenix Truck Bodies & Van Equipmentto develop a lightweight truck body for its Class 3 electric vehicle .The Class 3 EV has a range of 130 miles and a max payload of 5,802 lbs.MULN stock is down about 95% year-to-date .Mullen Automotive stock is in the spotlight after the electric vehicle company announced that it would begin developing a lightweight truck body for its Class 3 EV in collaboration with Phenix Truck Bodies & Van Equipment. Phenix will take on the brunt of the work and develop a “unique, light-weight body configuration designed to satisfy the needs of Class 3 service body truck fleets.”MULN Stock: Mullen Announces Class 3 Collaboration with Phenix. For those with range anxiety, Mullen Automotive Advanced Energy Solution’s energy management module seeks to fix that. The module was tested on Mullen’s Class 1 EV cargo van, showing a “more than 75% increase in range for a 42-kWh lithium-ion battery pack.” Mullen seeks to introduce