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Faraday: Delivery Issues, Reverse Split - Los Angeles Business Journal

Faraday Future Intelligent Electric Inc.made several announcements recently, and shareholders of the electric vehicle maker weren’t pleased about them.For one, the Gardena-based carmaker said it was planning a reverse stock split. The split is designed to push up the price of the stock, thereby helping Faraday get in compliance with Nasdaq’s requirement that shares trade for more than $1 – a benchmark Faraday’s stock is well below.

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