Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) received a notice from Nasdaq stating the company's Class A common stock failed to meet the $1.00 per share minimum bid price requirement for 30 consecutive trading days, according to a company statement.

Nasdaq provided the electric vehicle company with a 180-day extension until September 16, 2026, to regain compliance under Listing Rule 5810(c)(3)(A). The company must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days, though Nasdaq staff may extend this period up to 20 trading days.

The notice does not immediately affect the continued listing status of Faraday Future's common stock on the Nasdaq Capital Market under the symbol "FFAI." If the company's share price closes at or above $1.00 for the required consecutive trading days during the extension period, Nasdaq will provide written confirmation of compliance.

Faraday Future stated it remains committed to meeting all Nasdaq listing requirements and will monitor its share price closely. The company said it opposes implementing a reverse stock split unless necessary and expressed confidence in regaining compliance through business execution and strategic initiatives.

The California-based company, founded in 2014, began deliveries of its flagship FF 91 vehicle in 2023. Faraday Future plans to launch its second brand, FX, with the Super One model targeted for delivery in 2026.