FF: Reverse stock split to maintain Nasdaq listing
[FF: Reverse stock split to maintain Nasdaq listing status] On July 22, Faraday Future ("FF") announced a reverse stock split to maintain Nasdaq listing status. FF stated that the implementation of the reverse stock split is a proactive risk management measure taken by the board of directors after careful evaluation, aiming to avoid the risk of Nasdaq delisting triggered by the possible closing purchase price of the stock being equal to or lower than US$0.10 for 10 consecutive trading days.
On July 22, Faraday Future ("FF") announced a reverse stock split to maintain Nasdaq listing status. FF stated that the implementation of the reverse stock split is a proactive risk management measure taken by the board of directors after careful evaluation, aiming to avoid the risk of Nasdaq delisting triggered by the possible closing purchase price of the stock being equal to or lower than US$0.10 for 10 consecutive trading days.