AI Analysis
AI-generated analysis. Always verify with the original filing.
On March 20, 2026, Faraday Future Intelligent Electric Inc. received a Nasdaq notice stating failure to maintain a $1.00 minimum bid price per share for Class A Common Stock for 30 consecutive trading days from February 5, 2026, through March 19, 2026, violating Nasdaq Listing Rule 5550(a)(2). The Company has 180 calendar days until September 16, 2026, to regain compliance by achieving $1.00 closing bid price for at least 10 consecutive trading days.
Key Takeaways
1Nasdaq notice received March 20, 2026, for Minimum Bid Price Requirement violation under Rule 5550(a)(2)
2Non-compliance period: 30 trading days from February 5, 2026, to March 19, 2026
3Compliance deadline: September 16, 2026 (180 calendar days)
4Regain compliance: $1.00 closing bid for minimum 10 consecutive trading days
5Delisting trigger: $0.10 or less closing bid for 10 consecutive trading days during period
6Possible second 180-day period if other Nasdaq Capital Market standards met, potentially via reverse stock split