Faraday Future to implement 1-for-3 reverse stock split

Faraday Future announced that the company intends to implement a reverse stock split of the issued and outstanding shares of the company’s common stock, par value $0.0001 per share, at a ratio of 1-for-3, that is expected to become effective at 5:00 p.m. ET on February 29. The company’s common stock is expected to begin trading on a split-adjusted basis commencing upon market open on March 1.