Faraday Future Announces Reverse Stock Split and Authorized Share Reduction
Faraday Future Intelligent Electric Inc. (FFIE)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that the Company intends to implement a reverse stock split of the issued and outstanding shares of the Company’s common stock, par value $0.0001 per share (the “common stock”), at a ratio of 1-for-3 (the “reverse stock split”), that is expected to become effective at 5:00 p.m. ET on February 29, 2024. The Company’s common stock is expected to begin trading on a split-adjusted basis commencing upon market open on March 1, 2024.As previously disclosed, at the Company’s Special Meeting of Stockholders held on February 5, 2024, the Company’s stockholders voted to approve a proposal authorizing the Board of Directors of the Company to amend the Company’s Third Amended and Restated Certificate of Incorporation (as amended, the “Charter”) to effect a reverse stock spl
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FFIE
Sec Filings
- 4/26/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/15/24 - Form 8-K
- FFIE's page on the SEC website