{"id":754027,"date":"2023-05-02T19:01:28","date_gmt":"2023-05-02T23:01:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/faraday-future-confirms-receipt-of-an-additional-180-day-extension-from-nasdaq-to-meet-nasdaq-minimum-bid-price-requirement\/"},"modified":"2023-05-02T19:01:28","modified_gmt":"2023-05-02T23:01:28","slug":"faraday-future-confirms-receipt-of-an-additional-180-day-extension-from-nasdaq-to-meet-nasdaq-minimum-bid-price-requirement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/faraday-future-confirms-receipt-of-an-additional-180-day-extension-from-nasdaq-to-meet-nasdaq-minimum-bid-price-requirement\/","title":{"rendered":"Faraday Future Confirms Receipt of an Additional 180-day Extension From NASDAQ to Meet NASDAQ Minimum Bid Price Requirement"},"content":{"rendered":"

<\/p>\n

\nFaraday Future Confirms Receipt of an Additional 180-day Extension From NASDAQ to Meet NASDAQ Minimum Bid Price Requirement<\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–
\nFaraday Future Intelligent Electric Inc.\u00a0(NASDAQ: FFIE) (\u201cFaraday Future,\u201d \u201cFF,\u201d or \u201cCompany\u201d), a\u00a0California-based global shared intelligent electric mobility ecosystem company, announced today that the Company has received a second 180-day extension (or until\u00a0October 30, 2023) to meet NASDAQ\u2019s\u00a0$1\u00a0minimum bid price requirement for ten consecutive trading days from NASDAQ Stock Market LLC.\u00a0 With this extension, the Company has been given an additional 180 days to regain compliance.<\/p>\n

ABOUT FARADAY FUTURE<\/b><\/p>\n

\nFF is the pioneer of the Ultimate Intelligent TechLuxury ultra spire market in the intelligent EV era, and a disruptor of the traditional ultra-luxury car industry. FF is not just an EV company, but also a software-driven company of intelligent internet AI product.<\/p>\n

FOLLOW FARADAY FUTURE:<\/b><\/p>\n

https:\/\/www.ff.com\/
\n<\/a>
http:\/\/appdownload.ff.com
\n<\/a>
https:\/\/twitter.com\/FaradayFuture
\n<\/a>
https:\/\/www.facebook.com\/faradayfuture\/
\n<\/a>
https:\/\/www.instagram.com\/faradayfuture\/
\n<\/a>
www.linkedin.com\/company\/faradayfuture<\/a><\/p>\n

NO OFFER OR SOLICITATION<\/b><\/p>\n

\nThis communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.<\/p>\n

FORWARD LOOKING STATEMENTS<\/b><\/p>\n

\nThis press release includes \u201cforward looking statements\u201d 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 \u201cestimates,\u201d \u201cprojected,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cforecasts,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cfuture,\u201d \u201cpropose\u201d and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include, among other things, statements regarding the anticipated start of delivery plan for our FF 91 Vehicle (which remains subject to timely receipt of financing, parts and completion of crash tests), additional funding and timing for receipt thereof, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company\u2019s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include whether the Amended Shareholder Agreement between the Company and FF Top, dated as of\u00a0January 13, 2023, complies with the listing requirements of\u00a0The Nasdaq Stock Market LLC, the market performance of the shares of the Company\u2019s common stock; the Company\u2019s ability to regain compliance with, and thereafter continue to comply with, the Nasdaq listing requirements; the Company\u2019s ability to satisfy the conditions precedent and close on the various financings previously disclosed by the Company and any future financings, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company\u2019s ability to amend its certificate of incorporation to permit sufficient authorized shares to be issued in connection with the Company\u2019s existing and contemplated financings; whether the Company and the City of Huanggang could agree on definitive documents to effectuate the non-binding Cooperation Framework Agreement; the Company\u2019s ability to remain in compliance with its public filing requirements under the Securities Exchange Act of 1934, as amended; the outcome of the\u00a0SEC\u00a0investigation relating to the matters that were the subject of the Special Committee investigation and other litigation involving the Company; the Company\u2019s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company\u2019s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company\u2019s vehicles; the success of other competing manufacturers; the performance and security of the Company\u2019s vehicles; potential litigation involving the Company; the result of future financing efforts and general economic and market conditions impacting demand for the Company\u2019s products; recent cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; and the ability of the Company to attract and retain directors and employees. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the \u201cRisk Factors\u201d section of the Company\u2019s prospectus supplement filed pursuant to Rule 424(b)(3) on\u00a0April 20, 2023, and other documents filed by the Company from time to time with the\u00a0SEC. 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 vents or otherwise, except as required by law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230502006234\/en\/<\/a><\/span><\/p>\n

\nInvestors (English):\u00a0ir@faradayfuture.com
\n<\/a>
Investors (Chinese):\u00a0cn-ir@faradayfuture.com
\n<\/a>
Media:\u00a0john.schilling@ff.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Vehicle Technology Automotive Automotive Manufacturing General Automotive EV\/Electric Vehicles Manufacturing Performance & Special Interest<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Faraday Future Confirms Receipt of an Additional 180-day Extension From NASDAQ to Meet NASDAQ Minimum Bid Price Requirement LOS ANGELES–(BUSINESS WIRE)– Faraday Future Intelligent Electric Inc.\u00a0(NASDAQ: FFIE) (\u201cFaraday Future,\u201d \u201cFF,\u201d or \u201cCompany\u201d), a\u00a0California-based global shared intelligent electric mobility ecosystem company, announced today that the Company has received a second 180-day extension (or until\u00a0October 30, 2023) to meet NASDAQ\u2019s\u00a0$1\u00a0minimum bid price requirement for ten consecutive trading days from NASDAQ Stock Market LLC.\u00a0 With this extension, the Company has been given an additional 180 days to regain compliance. ABOUT FARADAY FUTURE FF is the pioneer of the Ultimate Intelligent TechLuxury ultra spire market in the intelligent EV era, and a disruptor of the traditional ultra-luxury car industry. FF is not just an … <\/p>\n

Continue reading “Faraday Future Confirms Receipt of an Additional 180-day Extension From NASDAQ to Meet NASDAQ Minimum Bid Price Requirement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-754027","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFaraday Future Confirms Receipt of an Additional 180-day Extension From NASDAQ to Meet NASDAQ Minimum Bid Price Requirement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/faraday-future-confirms-receipt-of-an-additional-180-day-extension-from-nasdaq-to-meet-nasdaq-minimum-bid-price-requirement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Faraday Future Confirms Receipt of an Additional 180-day Extension From NASDAQ to Meet NASDAQ Minimum Bid Price Requirement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Faraday Future Confirms Receipt of an Additional 180-day Extension From NASDAQ to Meet NASDAQ Minimum Bid Price Requirement LOS ANGELES–(BUSINESS WIRE)– Faraday Future Intelligent Electric Inc.\u00a0(NASDAQ: FFIE) (\u201cFaraday Future,\u201d \u201cFF,\u201d or \u201cCompany\u201d), a\u00a0California-based global shared intelligent electric mobility ecosystem company, announced today that the Company has received a second 180-day extension (or until\u00a0October 30, 2023) to meet NASDAQ\u2019s\u00a0$1\u00a0minimum bid price requirement for ten consecutive trading days from NASDAQ Stock Market LLC.\u00a0 With this extension, the Company has been given an additional 180 days to regain compliance. 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ABOUT FARADAY FUTURE FF is the pioneer of the Ultimate Intelligent TechLuxury ultra spire market in the intelligent EV era, and a disruptor of the traditional ultra-luxury car industry. 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