Shares of Mullen Automotive, Inc. (Nasdaq: MULN) experienced a significant surge of over 69% after enlisting the services of legal firms to combat naked short selling activities.

The company suspects market manipulation and is committed to investigating potential wrongdoing. Christian Attar (formerly known as Christine Levine Law Group) and Warshaw, Burstein, LLP have a successful track record in prosecuting such schemes and recovering damages.

$MULN closed at $0.17, reflecting an increase of $0.07 (69.38%) on Wednesday.

In other news, Histogen Inc. (Nasdaq: HSTO) announced that it has completed a review of its business and decided to pause further development of its programs.

The company aims to explore strategic alternatives to enhance shareholder value and has engaged Roth Capital Partners, LLC as a strategic advisor. Potential options include acquisition, merger, reverse merger, sale of assets, financing alternatives, licensing, or other strategic transactions. The outcome and timing of any such transaction are uncertain.

$HSTO was trading at $0.93 in after-hours, up $0.20 (27.76%) following the announcement.

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