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The latest update is out from Faraday Future Intelligent Electric (FFIE).
Faraday Future Intelligent Electric Inc. has announced that its Board of Directors will present two significant proposals for shareholder approval at their upcoming annual meeting: a reverse stock split in a range between 1-for-2 and 1-for-40, and an increase in the number of authorized common stock shares. These moves are part of the company’s strategy to meet Nasdaq listing requirements. Additionally, the CEO has released video updates discussing the company’s current status and details of the proposed shareholder resolutions.
Learn more about FFIE stock on TipRanks’ Stock Analysis page.