New Deadline for Getting Payment on Mullen’s $7.25M Investor Settlement Over IPO Scandal

Hey guys, I already posted about this settlement, but since they changed the filing deadline and gave investors some more time to participate, I decided to share it again. For newbies, back in 2021, Mullen went public with big promises, positioning itself as an EV innovator with cutting-edge technology and game-changing vehicles. But, shortly after, they were accused of overstating production, partnerships, and tech. Basically, they were accused of artificially inflated prices before the merger to promote it. The company couldn’t deliver what it promised, and $MULN dropped over 90% from its IPO highs. When this news came out, investors filed a lawsuit against them.  The good news is that Mullen has already decided to pay investors a $7.25M settlement, and moved the filing deadline to April, so if you invested back then, you can still check the info and [file for payment here](https://11thestate.com/cases/mullen-investor-settlement) or through the settlement admin. Anyways, do you think MULN was doomed from the start? And for those who held $MULN shares back then, how much did you lose?