Faraday Future Intelligent Electric (FFIE) Provides Update on Actions to Fight Illegal Trading Activities

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Faraday Future Continues Actions to Protect Stockholders Against Potential Illegal Trading Activities

December 14, 2023 10:03 PM EST

LOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (Faraday Future, FF or Company), a California-based global shared intelligent electric mobility ecosystem company, today announced that it has completed the first phase analysis of identifying potential illegal trading activity, and is taking additional steps to help mitigate such activity with ShareIntel-Shareholder Intelligence Services, LLC into a second phase of work.

As announced in October of this year, FF engaged ShareIntel to help identify potential illegal short selling and other abusive trading activities. To date, ShareIntel's DRIL-Down analysis has identified reporting... More