Faraday Future Receives Written Notice From Nasdaq Stock Market Regarding Failure To Timely File Quarterly Report On Form 10-Q
Portfolio Pulse from Benzinga Newsdesk
Faraday Future has received a notice from Nasdaq regarding its failure to timely file its quarterly report on Form 10-Q. The company has requested a hearing to present its plan to file the report and address its stock price deficiency. Faraday Future expects its securities to continue trading on Nasdaq during the hearing process.
May 28, 2024 | 8:41 pm
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Faraday Future has received a notice from Nasdaq for not filing its quarterly report on time. The company plans to address this issue and its stock price deficiency in an upcoming hearing. Trading is expected to continue normally.
The notice from Nasdaq indicates regulatory issues and potential stock price volatility. The company's plan to address these issues in a hearing adds uncertainty, likely leading to short-term negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100