Faraday Future announced that the company has received the approval from the Nasdaq Stock Market to list its common stock and warrants on the Nasdaq Capital Market starting from April 25. Based on guidance from Nasdaq , the company expects to receive a second 180-day extension to meet Nasdaq’s $1 minimum bid price requirement for ten consecutive trading days if it continues to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price requirement. Per Nasdaq’s standard procedures, the company expects to receive official notification of such extension on May 2.
Published first on TheFly
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