Summary by Moomoo AI
Faraday Future Intelligent Electric Inc. (Faraday Future), a company listed on NASDAQ under the symbol FFIE, has received a notification from The Nasdaq Stock Market LLC on April 24, 2024, indicating non-compliance with the Nasdaq Listing Rule 5810(c)(3)(A)(iii). The rule violation is due to the company's securities having a closing bid price of $0.10 or less for ten consecutive trading days, leading to a delisting determination. Previously, on December 28, 2023, Nasdaq had notified Faraday Future of non-compliance with Listing Rule 5550(a)(2) as the bid price of its securities was below $1.00 for 30 consecutive business days. The company was given until June 25, 2024, to regain compliance. Additionally, Faraday Future has not filed its Form 10-K for the year ended December 31, 2023, resulting in...Show More