FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI): Nasdaq/NYSE listing notice — Faraday Future receives Nasdaq extension to Oct 30, 2023; launches Generative AI product

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Received 180-day extension from Nasdaq until October 30, 2023 to meet $1 minimum bid price.
May effect a reverse stock split of up to 10:1, approved by stockholders on Nov 3, 2022.
Announced Generative AI Product Stack integrating ChatGPT/GPT-4 for in-vehicle use in FF 91.
FF 91 production build completed April 14, 2023; vehicle features 1,050 hp, 381-mile range.
Company plans to release more generative AI features at an upcoming launch event.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

FARADAY FUTURE INTELLIGENT ELECTRIC INC. received a nasdaq extension granted notice regarding minimum bid price (rules 5810(c)(3)(A)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5810(c)(3)(A)

Exact text from the filing

ng market that operates in substantially the same manner as The Nasdaq Global Market. As previously reported, on October 31, 2022, the Company received a written notice from Nasdaq stating that the Company was not in compliance with the Minimum Bid Price Requirement. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company originally had 180 calendar days, or until May 1, 2023, to regain compliance with the Minimum Bid Price Requirement. In connection with obtaining such additional compliance period, the Company notified Nasdaq of the Company’s intention to cure the non-compliance with the M

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FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-035687

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