Troubled electric vehicle manufacturer Faraday Future is at risk of being delisted from the Nasdaq with its share price falling below $1.
The company recently received a written notice from the Nasdaq noting that it had failed to maintain a minimum bid price of at least $1 per share for 30 consecutive trading days from November 9, 2023, to December 27, 2023. At the time of writing, the firm’s share price was sitting at $0.23 and has dropped around 96% since the beginning of September.
Read Article