On June 25th, GeLongHui reported that Faraday Future (FFIE.US) pre-market trading fell by nearly 37%, to $0.206. In terms of news, Faraday Future announced that the board of directors has proposed a reverse stock split plan to raise the company's stock price and reduce the risk of being required to delist by Nasdaq. The proposed plan will be submitted to shareholders for approval at the upcoming annual shareholder meeting. Faraday's proposed ordinary stock reverse stock split plan has a ratio range of 2:1 to 90:1 of issued ordinary shares, but if the stock price naturally reaches long-term compliance levels, the company may choose to postpone or not implement the reverse stock split.
美股异动｜法拉第未来盘前大跌近37% 董事会建议反向拆股以满足纳斯达克上市规定
US stocks change｜Faraday Future fell nearly 37% before the market, and the board of directors recommends reverse stock split to meet Nasdaq listing requirements.
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