Faraday Future Refutes Delisting Concerns After Failing to File Earnings Report
Troubled electric vehicle (EV) startup Faraday Future Intelligent Electric Inc. has told stakeholders that its stock is not at risk of being delisted from the Nasdaq, after the bourse issued a warning letter over its failure to file earnings for the third quarter.
Shares of Faraday will be stuck with an “out of compliance” label unless the firm submits a compliance plan within 60 days and releases its earnings within 180 days, according to a statement (link in Chinese) from the firm on Monday. The company was added to the Nasdaq’s noncompliant companies list on Nov. 17.
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