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.
Faraday Future Secures Extra Funding For FF 91 Production carscoops.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carscoops.com Daily Mail and Mail on Sunday newspapers.
Faraday Future Intelligent Electric (FFIE) Secures $105M Funding Commitment streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.