Faraday Future: The annual general meeting of shareholders was not held in time, and was notified by Nasdaq that it did not meet the requirements for continued listing

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Pinwan News, January 10, according to Interface News, Faraday Future announced that the company received a notification from the Nasdaq Exchange on January 4, informing the company that it did not meet the requirements for continued listing because the company did not hold the annual general meeting of shareholders in time.

图源:法拉第未来 Source: Faraday Future

Faraday Future stated that the company intends to hold an annual meeting as soon as possible to actively draft a plan to respond to the notice, and plans to restore compliance in the near future in accordance with the notice and the requirements of the Nasdaq listing rules.

Faraday Future said the company now has 45 days to submit a plan to return to compliance. If Nasdaq accepts the plan, companies are given a grace period of up to 180 days beginning December 31, 2022 and ending June 29, 2023, to return to compliance.

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