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Faraday Future announces Nasdaq delisting determination
Faraday Future Intelligent Electric Inc. on Friday said it has received a letter from Nasdaq, indicating that the company was not in compliance with listing rules, as its securities had a closing bid price of $0.10 or less for ten consecutive trading days. The letter indicated that, as a result, the Nasdaq staff has determined to delist the company’s securities from Nasdaq. The company intends to request a hearing to appeal the delisting determination by May 1. FFIE +2.55% after hours to $0.0482. Source: Press Release
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