Faraday future announces reverse stock split and authorized share reduction

Los angeles--(business wire)--faraday future intelligent electric inc. (nasdaq: ffie) (“faraday future”, “ff” or “company”), a california-based global shared intelligent electric mobility ecosystem company, today 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 (the “common stock”), at a ratio of 1-for-3 (the “reverse stock split”), that is expected to become effective at 5:00 p.
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