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FFIE / Faraday Future stock drops 25% after board approves reverse stock split proposal

Faraday Future stock drops 25% after board approves reverse stock split proposal
Shares of Faraday Future Intelligent Electric Inc. FFIE, +12.48% fell nearly 25% in the extended session Friday after the EV company said that its board is planning a reverse stock split, which would range from a 1-for-2 split to a 1-for-90 split. Faraday will submit the proposal to shareholders at a special meeting yet to be scheduled, and the board will decide on a final ratio after a potential approval. Read More
Posted: Jun 16 2023, 17:51
Author Name: Market Watch
Views: 0920100

FFIE News  

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By InvestorPlace
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3 EV Stocks That Don't Have a Chance of Making It Out on Top

The EV landscape continues to take shape. That's great for leading sector stocks like Tesla (NASDAQ: TSLA ) that benefit from strong market share, g more_horizontal

Faraday Future Announces Timing of Third Quarter 2023 Earnings Release and Investor Day

By Business Wire
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Faraday Future Announces Timing of Third Quarter 2023 Earnings Release and Investor Day

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (the “Company”), a California-based global shared intelligen more_horizontal

EV Maker Faraday Future Has a Master Plan, Like Tesla's. The Stock Is Up.

By Barrons
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EV Maker Faraday Future Has a Master Plan, Like Tesla's. The Stock Is Up.

Faraday Future expects to be profitable, like electric vehicle firm Tesla. It won't be easy. more_horizontal

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Faraday Future higher as cost-cutting plan unveiled

Electric vehicle start-up Faraday Future has announced a “masterplan” aimed at reducing costs and dependence on external funding, prompting shares more_horizontal

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By Market Watch
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Faraday Future to cut operational costs as part of plan to reach profitability

Faraday Future Intelligent Electric FFIE, +2.86% has adopted a masterplan to reach profitability and reduce dependence on external funding. more_horizontal

Faraday Future to Host Investor Presentation Webcast

By Business Wire
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Faraday Future to Host Investor Presentation Webcast

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California- more_horizontal

Why Is Faraday Future (FFIE) Stock Down 25% Today?

By InvestorPlace
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Why Is Faraday Future (FFIE) Stock Down 25% Today?

Faraday Future (NASDAQ: FFIE ) stock is falling on Wednesday after the electric vehicle (EV) company announced a share offering. A press release from more_horizontal

Cash-strapped Faraday Future's shares sink 20% on share sale plan

By Reuters
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Cash-strapped Faraday Future's shares sink 20% on share sale plan

Shares of Faraday Future Intelligent Electric slumped in premarket trading on Wednesday, after the cash-strapped electric-vehicle company announced pl more_horizontal


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