According to Sina Technology, Faraday Future, the electric car company that Jia Yueting painstakingly built a car, received a notice from the Nasdaq stock exchange on April 4, saying that its delayed filing of the 10-K form did not meet the requirements for continued listing. . If Faraday Future wants to remain listed, the exchange wants the company to meet compliance standards by April 19, and Faraday Future is working toward that goal. It is reported that Faraday Future did not submit its annual report in time in March of this year, when it said it needed more time to complete an internal investigation, and a special committee of the company’s independent directors recommended an investigation. FF has disclosed that it expects operating losses to grow to $186 million in the third quarter of last year, compared with a loss of $18 million in the same period a year earlier. additional accruals and related waivers of certain FF 91 program assets. FF said it expected to submit last year’s annual report by May 6 this year, and last year’s third-quarter report ended September 30. It is also worth noting that in late March this year, Faraday Future said that several company executives had received subpoenas from securities regulators for allegedly sending investment .
[related_posts_by_tax taxonomies=”post_tag”]
The post Jia Yueting’s dream is broken?Faraday Future Receives Nasdaq Notice: Not Compliant with Continued Listing Rules appeared first on Gamingsym.