FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI): Nasdaq/NYSE listing notice — Faraday Future receives Nasdaq non-compliance notice for minimum bid price below $1.00

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Nasdaq letter dated Dec 28, 2023: FFIE's closing bid price below $1.00 for 30 consecutive trading days.
Company has 180 days, until June 25, 2024, to regain compliance by closing bid >= $1.00 for 10 consecutive days.
If not compliant by June 25, may qualify for second 180-day period by meeting other listing standards and notifying intent to cure.
Failure to regain compliance could result in delisting; Company may appeal to Nasdaq Listing Qualifications Panel.
Potential cure includes reverse stock split if needed.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

FARADAY FUTURE INTELLIGENT ELECTRIC INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

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 Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until June 25, 2024, to rega

View on SEC.gov

Browse all listing & compliance notices →

FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-099323

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.