secwatch.observer — SEC 8-K summary
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Issuer:     FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)
CIK:        0001805521
Form:       8-K
Filed at:   2023-12-29T23:59:59+00:00
Accession:  0001213900-23-099323
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Faraday Future receives Nasdaq non-compliance notice for minimum bid price below $1.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805521/000121390023099323/0001213900-23-099323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805521/000121390023099323/ea190870-8k_faraday.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-099323

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