Faraday Future Expects Ability to Finance Future Growth with Reverse Stock Split and the Registration Statements on Form S-3
Portfolio Pulse from Benzinga Newsdesk
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has announced plans to finance future growth through a reverse stock split and the filing of Registration Statements on Form S-3. The company believes these actions will attract additional investors and support the production ramp of the Ultimate AI TechLuxury FF 91 2.0 Futurist Alliance. The company's common stock began trading on a split-adjusted basis following a reverse stock split of 1-for-80.
August 29, 2023 | 7:33 am
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Faraday Future's reverse stock split and Registration Statements on Form S-3 are expected to attract more investors and finance future growth. This could potentially lead to an increase in the company's stock price.
The reverse stock split and Registration Statements on Form S-3 are strategic moves by Faraday Future to attract more investors and finance future growth. These actions could potentially increase the demand for the company's stock, leading to a rise in its price.
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