Faraday Future Shares Slid Nearly 4% Premarket After Receiving Nasdaq Noncompliance Notice

Tiger Newspress2022-04-08

Faraday Future Shares Slid Nearly 4% Premarket After Receiving Nasdaq Noncompliance Notice.

  • Faraday Future Intelligent Electric (NASDAQ:FFIE) received a letter from Nasdaq as it was not in compliance with requirements as a result of not having timely filed its annual report on Form 10-K for the fiscal year ended December 31, 2021.
  • As previously disclosed, Nasdaq granted an exception giving the Company a new deadline of May 6, 2022 to file the Q3 Form 10-Q and the Form 10-K.
  • As a result of this additional delinquency, Company is required to submit an update to its original plan to regain compliance by April 19, 2022.
  • The Company intends to submit a timely update to its original plan.
  • As previously disclosed, Nasdaq has advised the Company that a failure to file the Q3 Form 10-Q and Form 10-K on or prior to May 6, 2022 would result in a notice of delisting of the Company’s securities.
  • The company is working diligently to finalize and file the Q3 Form 10-Q and the Form 10-K as soon as practicable and currently expects to file both on or prior to the May 6, 2022 deadline
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Comments

  • coolgame
    2022-04-20
    coolgame
    Why buy? Give me 5 reasons!
  • KLS
    2022-04-08
    KLS
    Buy
  • ThaigerB
    2022-04-08
    ThaigerB
    Like pls👍
  • KlWong
    2022-04-08
    KlWong
    Like pls 
  • xJimmy
    2022-04-08
    xJimmy
    like
  • KopiLim
    2022-04-08
    KopiLim
    Ok
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