Electric-vehicle startup Mullen Automotive Inc. shares climbed after the company said it gained court approval to buy an Indiana manufacturing plant and other assets from now-defunct Electric Last Mile Solutions Inc. for $92 million.
Mullen shares, down about 93% so far this year, rose 64% in Wednesday trading to 36 cents. Electric Last Mile put its assets up for sale after shutting its business and filing a bankruptcy liquidation case in June.
Source: finance.yahoo.com
Related posts:
Daily Spotlight: Gold Prices Back to Peak
Here are the key retirement provisions in the $3.5 trillion reconciliation bill
Warren Buffett-backed BYD is just over 3,000 cars away from overtaking Tesla as the world’s biggest ...
Shale King Harold Hamm Is Passing Billions to His Heirs Tax-Free
'An Anvil, Not A Shoe': Elon Musk Warns Of A Crushing Blow To Commercial Real Estate — Here Are The ...