Mullen Automotive stock keeps sinking after delisting determination from Nasdaq

Shares of Mullen Automotive Inc. continued their slide into record-low territory Thursday after the electric-vehicle maker received a delisting determination.

The EV maker said it received the determination letter from the Nasdaq Stock Market’s Listing Qualifications Department, as the company failed to meet the Sept. 5 deadline to regain compliance with the $1 minimum bid requirement for its stock.

The…