Faraday Future Intelligent Electric Inc (FFIE) Announces 1:40 Reverse Share Split
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Faraday Future Announces Reverse Stock Split and Authorized Share Reduction
August 15, 2024 6:00 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (Faraday Future, FF or the Company), a California-based global shared intelligent electric mobility ecosystem company, today announced that the Company intends to implement a reverse stock split of the issued and outstanding shares of the Companys common stock, par value $0.0001 per share (the common stock), at a ratio of 1-for-40 (the reverse stock split), that is expected to become effective at 5:00 p.m. ET on August 16, 2024. The Companys common stock is expected to begin trading on a split-adjusted basis commencing upon market open on August 19,... More
