Faraday Future Intelligent Electric Announces 1-For-150 Reverse Stock Split, Effective July 24
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future," "FF" or the "Company"), a California-based global Embodied AI (EAI) ecosystem company, announced today that it will
Faraday Future is combining 150 old shares into 1 new share—like trading 150 pennies for 1 dollar. When a company does this, it usually means the stock price was very low, so watch to see if the company's actual business gets stronger or if this was just a number change.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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