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8-K: Faraday Future Receives Anticipated Letter from Nasdaq Regarding Form 10-Q

SEC ·  May 29 10:39

Summary by Futu AI

Faraday Future Intelligent Electric Inc. (Faraday Future), a California-based electric vehicle company, has received a notice from The Nasdaq Stock Market LLC on May 21, 2024, indicating potential delisting due to the company's failure to file its Quarterly Report on Form 10-Q for the period ended March 31, 2024. This delay follows previous notifications from Nasdaq regarding non-compliance with listing rules, including a bid price deficiency and a delayed filing of the Annual Report on Form 10-K for the year ended December 31, 2023. Faraday Future has requested a hearing with the Nasdaq Hearings Panel to present its plans to file the overdue Form 10-Q and address the stock price issue. The company expects its securities to continue trading on Nasdaq during the hearing process. Faraday Future is actively exploring options to regain compliance with Nasdaq's listing requirements.
Faraday Future Intelligent Electric Inc. (Faraday Future), a California-based electric vehicle company, has received a notice from The Nasdaq Stock Market LLC on May 21, 2024, indicating potential delisting due to the company's failure to file its Quarterly Report on Form 10-Q for the period ended March 31, 2024. This delay follows previous notifications from Nasdaq regarding non-compliance with listing rules, including a bid price deficiency and a delayed filing of the Annual Report on Form 10-K for the year ended December 31, 2023. Faraday Future has requested a hearing with the Nasdaq Hearings Panel to present its plans to file the overdue Form 10-Q and address the stock price issue. The company expects its securities to continue trading on Nasdaq during the hearing process. Faraday Future is actively exploring options to regain compliance with Nasdaq's listing requirements.

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