Faraday Future (FFIE.US) announced that it has received notification from NASDAQ approving the company's continued listing on NASDAQ, but two main conditions must be met, including Faraday's submission of regular financial reports before July 31 and achieving the minimum purchase price requirement before August 31.
Faraday stated that it will take measures to meet the requirements as soon as possible and plans to update shareholders on the company's significant progress in compliance related to the listing on NASDAQ in a timely manner.
Faraday's overnight (27th) stock price surged 30.86% to $0.6, but the stock price fell 7.5% after hours.