Ffie is at risk of delisting?

Faraday Future Intelligent Electric Inc. (FFIE) is at risk of delisting from the Nasdaq Stock Market. Here's why:

1. Non-compliance with Nasdaq Listing Rules: FFIE has not been in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), as the company's securities had a closing bid price of $0.10 or less for ten consecutive trading days. This non-compliance has led to the Nasdaq staff's determination to delist FFIE's securities from the Nasdaq Capital Market.
2. Failure to File Financial Reports: FFIE has also not filed its Form 10-K for the year ended December 31, 2023, which is another basis for delisting under Listing Rule 5250(c)(1).
3. Stock Price Below Minimum Requirements: FFIE's share price has fallen below Nasdaq's minimum requirements, which has prompted Nasdaq to initiate delisting procedures.
4. Appeal and Stay: FFIE has appealed the delisting decision and intends to request a hearing to appeal the Delisting Determination by May 1, 2024. This will stay the suspension of the company's securities for 15 days from the date of the request.

In summary, FFIE is at risk of delisting due to non-compliance with Nasdaq's rules regarding bid price, filing financial reports, and maintaining minimum stock price requirements. The company is actively seeking to address these issues and has appealed the delisting decision, hoping to regain compliance and maintain its listing on the exchange.