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On September 6th Beijing time, Faraday Future (NASDAQ: FFIE) announced that it has received written notice from NASDAQ confirming that the company has re met the stock price requirements in NASDAQ Listing Rules 5550 (a) (2) and the periodic reporting requirements in 5250 (c) (1), and the company now meets all the criteria for continued listing on NASDAQ. As part of the compliance confirmation, the company will undergo mandatory group supervision within one year from the date of Nasdaq's letter (i.e. September 4, 2024 Eastern Time). If the company encounters non-compliance during this period, Nasdaq will issue a non-compliance letter and the company will be required to apply for a hearing on the matter again.
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