Faraday Future Intelligent Electric Inc., a California-based global shared intelligent electric mobility ecosystem company, recently announced that it received a letter from The Nasdaq Stock Market indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to delayed filing of the Annual Report on Form 10-K. The company has 60 calendar days to submit a plan to regain compliance, with the potential for an extension of up to 180 calendar days. Despite the non-compliance, Faraday Future’s securities will continue to be listed on Nasdaq during this period.
The delay in filing the Form 10-K was disclosed in early April, with the company aiming to complete the filing by the end of the month. Faraday Future remains dedicated to advancing electric vehicle technology and offering a shared intelligent mobility ecosystem. The company’s ultimate goal is to become a User Company by providing innovative solutions in the intelligent EV era. While facing challenges, Faraday Future is committed to meeting the evolving needs and preferences of users worldwide through a focus on intelligent and AI-driven mobility.
Looking ahead, Faraday Future plans to submit a compliance plan to the Nasdaq Listing Qualifications Department and continues to work towards timely filing of the Form 10-K. This includes addressing internal weaknesses and focusing on financial stability. Despite uncertainties and risks, Faraday Future remains steadfast in its mission to redefine the traditional ultra-luxury car market and establish itself as a key player in the intelligent electric vehicle industry.