Faraday Future Confirms Receipt of Minimum Bid Deficiency Notice and 180-Day Extension from Nasdaq to Meet The $1 Per Share Minimum Bid Price Requirement
- Nasdaq’s notice has no immediate effect on the continued listing status of the Company’s common stock on the Nasdaq Capital Market under the symbol “FFAI” and the Company plans to take all necessary actions within the prescribed period to regain compliance.
LOS ANGELES–(BUSINESS WIRE)–
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, announced today that the Company has received a notice from the Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company’s Class A common stock failed to meet the $1.00 per share minimum bid price requirement 30 consecutive trading days, and providing 180 days to regain compliance, as outlined in Nasdaq Listing Rule 5810(c)(3)(A). The Company now has until Wednesday Sept. 16, 2026, to meet the requirement for its shares of its Class A common stock to maintain a closing bid price of at least US$1.00 per share for a minimum of ten consecutive trading days, unless the Nasdaq staff exercises its discretion to extend this ten trading day period (up to as many as 20 trading days).
Nasdaq’s extension notice has no immediate effect on the continued listing status of the Company’s Class A common stock on the Nasdaq Capital Market LLC under the symbol “FFAI”. If at any time during the additional 180-day extension, the bid price of the Company’s Class A common stock closes at or above $1.00 per share for a minimum of ten consecutive trading days (unless the Nasdaq staff exercises its discretion to extend this ten business day period to up to as many as 20 trading days), Nasdaq will provide the Company with a written confirmation of compliance and the matter will be closed.
FF remains committed to full compliance with all Nasdaq listing requirements and will continue to monitor its share price closely. The Company will take all necessary actions within the prescribed period to regain compliance. This includes accelerating its business execution and advancing its strategic initiatives and fighting against potentially illegal short selling and market manipulation. The Company firmly opposes implementing a reverse split unless absolutely necessary, but is confident that it will regain compliance.
ABOUT FARADAY FUTURE
Faraday Future is a California-based global intelligent Company founded in 2014 and is dedicated to reshaping the future of mobility through vehicle electrification, intelligent technologies, and AI innovation. Its flagship vehicle, the FF 91, began deliveries in 2023 and reflects the brand’s pursuit of ultra-luxury, cutting-edge technology, and high performance. FF’s second brand, FX, targets the high-volume mainstream vehicle market. Its first model, Super One, is positioned as a first-class EAI-MPV, with deliveries planned to begin in 2026. FF recently announced its entry into the Embodied AI Robotics business with sales beginning this year, connecting its future strategy of bringing a new era of EAI vehicles and EAI robotics. For more information, please visit https://www.ff.com/.
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Forward-looking statements are based on the Company’s current plans and expectations and involve risks and uncertainties which are, in many instances, beyond the Company’s control, and which could cause actual results to differ materially from those included in or contemplated or implied by the forward-looking statements. Such risks and uncertainties include, among others, the failure to timely regain compliance with the $1.00 per share minimum bid price requirement, the need to implement a reverse stock split to regain compliance, the potential failure to obtain stockholder approval for a reverse stock split, automatic delisting that would occur if the Company’s Class A common stock closes at $0.10 per share or less for ten consecutive trading days, and the other risks, uncertainties and factors detailed in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 31, 2025, and Form 10-Qs for the quarters ended June 30, 2025 and September 30, 2025 filed with the SEC on May 9, 2025, August 19, 2025 and November 21, 2025, respectively, and other documents filed by the Company from time to time with the SEC.. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260320037783/en/
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KEYWORDS: United States North America California
INDUSTRY KEYWORDS: Hardware Automotive Manufacturing Alternative Energy Energy Manufacturing Technology Robotics Finance EV/Electric Vehicles Professional Services Autonomous Driving/Vehicles Artificial Intelligence General Automotive Automotive Software Vehicle Technology
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