牛逼,又闷杀了
Faraday Future Proposes Reverse Stock Split Ratio of Up to 40:1 for Regaining Compliance With Nasdaq’s Listing Standards
The Company is proposing a reverse stock split ratio of up to 40:1. The Company may defer or not implement a reverse stock split if its stock price naturally gets the Company into compliance with Nasdaq’s minimum bid requirements.The Company is also proposing an increase in authorized shares that would enable it to better pursue equity and equity-linked strategic financing.If the Company becomes current in its public filings, the only other current Nasdaq non-compliance issue will be the minimum bid price requirement for the Company’s stock. For the benefit of all FF stockholders, FF wants to keep the Company listed. The proposed reverse stock split is intended to increase the market price of the Common Stock to mitigate the risk of being delisted from The Nasdaq Capital Market. Nasdaq has several continued listing
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