I believe for those who actively invest in EV stocks, you should be familiar with the EV meme, Faraday Future! On Monday, Faraday unveiled its plan to regain compliance with Nasdaq's $1 minimum bid price requirement. This involves a proposal at the company's upcoming annual meeting of stockholders. The meeting will be held in July, although Faraday hasn't decided on a specific date yet. Faraday Future's FF91 Reverse stock split again! The proposal is a reverse stock split in a ratio between 1-for-2 and 1-for-40. The ratio will likely be much higher than 1-for-2, as Faraday stated that it would seek a stock price of at least $5 following a reverse split. FFIE stock must close at $1 or higher for at least 10 consecutive business days in order to regain compliance with Nasdaq's min
After the Surge: Will FFIE Drop Back to Penny Stock?
On December 30th, Faraday Future announced that it would officially deliver a brand-new FF 91 2.0 Futurist Alliance electric vehicle to Mr. Luke Hans, a prominent entrepreneur and leader in the Los Angeles Chinese community, in mid-January 2025. ------------ Following the announcement, FFIE surged 78% but subsequently dropped by 22%. Is this the end of FFIE’s rally? Will it fall below $1? Would you consider buying FFIE at $1?
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