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Faraday Future Intelligent Electric (FFIE) has shared an announcement.
The Company recently announced a Reverse Stock Split and a reduction in authorized shares, coupled with the release of an updated master plan to propel growth in 2024. The CEO, Matthias Aydt, shared an open letter detailing this strategic vision. These developments, not considered formally filed with regulatory bodies, are part of an ongoing effort to streamline the Company’s stock structure and provide a clear roadmap for future expansion. Additionally, the Company has updated its registration statements to reflect these changes, ensuring compliance with the Securities and Exchange Commission’s regulations.
Learn more about FFIE stock on TipRanks’ Stock Analysis page.