Faraday Future (FFIE) receives compliance notice from Nasdaq
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EV startup Faraday Future's sinking share price prompts Nasdaq notice
December 29, 2023 7:52 AM EST(Reuters) - Faraday Future Intelligent Electric got a notice from the Nasdaq exchange on Thursday over its failure to comply with listing rules that require a minimum closing share price of $1, the electric-vehicle startup disclosed in a filing.
The firm, whose shares closed at 26 cents on Thursday, has... More
Faraday Future Intelligent Electric (FFIE) Receives Nasdaq Non-compliance Notice
December 29, 2023 6:03 AM ESTOn December 28, 2023, Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (the Company) received written notice from the Nasdaq Stock Market LLC (Nasdaq) stating that the Company has failed to maintain a minimum bid price of at least $1.00 per share for the prior 30 consecutive trading day period from November 9, 2023 to December 27, 2023, based upon the closing bid price for its common stock, as required by Nasdaq Listing Rule 5550(a)(2) (the Minimum Bid Price Requirement).
Pursuant to... More
