Faraday Future Granted 180-Day Grace Period by Nasdaq to Regain Compliance Without Reverse Stock Split

Faraday Future (FF) announced on March 21 that it has received a notification from Nasdaq stating that its Class A common stock has closed below $1.00 per share for 30 consecutive trading days, rendering it non-compliant with Nasdaq’s minimum bid price requirement for continued listing. Under Nasdaq rules, the company has been granted a 180-day compliance period and must regain compliance by achieving a closing bid price of at least $1.00 for a minimum of 10 consecutive trading days on or before September 16, 2026. FF stated it will fully focus on executing its business operations and strategic initiatives, firmly avoiding any reverse stock split, and expressed “full confidence” in regaining compliance without implementing such a measure. The company emphasized that it will continue closely monitoring its stock price performance to ensure full compliance with Nasdaq listing requirements.