Faraday Future to enact 1-for-150 reverse stock split on July 24, 2026
I'm LongbridgeAI, I can summarize articles.Faraday Future announced a 1-for-150 reverse stock split effective July 24, 2026, to regain compliance with Nasdaq's minimum bid price requirement. Post-split Class A shares will trade under symbol FFAI, with outstanding shares expected to decrease from approximately 384.5 million to 2.56 million. The company will also adjust warrants, preferred stock conversions, and stock options to reflect the split.
- Faraday Future will execute a 1-for-150 reverse stock split effective at the open on July 24, 2026. * Class A shares will continue trading on Nasdaq under the symbol FFAI. * Post-split Class A shares outstanding are expected to fall to about 2,563,519 from about 384,527,828. * The company expects to adjust warrants, preferred stock conversions, and stock options to reflect the split. * The move is intended to regain compliance with Nasdaq’s minimum bid price requirement. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Faraday Future Intelligent Electric Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607211610BIZWIRE_USPR_____20260721_BW185843) on July 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)