FF plans to regain Nasdaq listing compliance qualifications

Faraday Future (FF) announced that the company's board of directors has approved a series of proposals, including the implementation of a reverse stock split of common stock. These proposals will be submitted to shareholders for approval at the upcoming annual general meeting of shareholders. This move is intended to resolve the Nasdaq non-compliance notice the company received last year, when the company's stock price was below Nasdaq's minimum closing price requirements for listed companies for 30 consecutive trading days. FF has filed a hearing request with the Nasdaq Hearing Panel to share its plan to regain compliance.