ff announced that it has received a $30 million financing commitment and has met nasdaq's continued listing standards
2024-09-07
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on september 6, faraday future (ff), the smart car brand founded by jia yueting, announced that the company has received $30 million in financing commitments from investors in the middle east, the united states and asia. in addition, the company has received a written notice from nasdaq stock market llc, confirming that the company has re-satisfied the stock price requirements in nasdaq listing rule 5550(a)(2) and the periodic reporting requirements in 5250(c)(1), and the company now meets all nasdaq's standards for continued listing.
in april this year, ff received a delisting opinion letter from nasdaq, which means that the company is facing a very high risk of delisting. in response, jia yueting said that he would start commercializing his personal ip to make money from making cars, and work with the company's management team to strive to keep the company listed in compliance with regulations. (pengpai news reporter wu yuli)
the paper
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