Will FFIE be delisted?


Aime
Faraday Future (FFIE) is not likely to be delisted from the Nasdaq Stock Market. Here's why:
- Current Compliance with Nasdaq Listing Requirements: FFIE's closing price as of September 5, 2024, is $5.211, which is well above the minimum bid price requirement of $4 per share. Additionally, FFIE's market capitalization is reported at $64.5 million2, which exceeds the minimum requirement for a company to maintain listing status on Nasdaq.
- Historical Compliance: There is no recent history of non-compliance with Nasdaq's listing requirements that would warrant delisting. FFIE's listing on Nasdaq has been ongoing, indicating a consistent adherence to the exchange's standards.
- Nasdaq's Delisting Criteria: Nasdaq's delisting criteria are quite stringent, requiring companies to meet various financial and operational benchmarks. FFIE's current stock price and market capitalization clearly exceed the thresholds that would trigger delisting.
- Market Capitalization and Revenue Standards: FFIE's market capitalization exceeds the minimum requirement of $160 million, which allows companies to bypass the cash flow and revenue requirements3. This further supports the conclusion that FFIE is not at risk of delisting.
- Broad Discretionary Authority: Nasdaq has broad discretionary authority over the initial and continued listing of securities, which allows it to maintain the quality of and public confidence in its market4. However, this authority is typically exercised in cases where a company has violated enumerated criteria or where there are public interest concerns. FFIE does not appear to be in such a situation.
- Recent Performance and Market Position: FFIE's stock price and market capitalization indicate a solid market presence and investor confidence. The company's performance in the market suggests that it is not facing any immediate challenges that would warrant delisting.
In conclusion, FFIE's compliance with Nasdaq's listing requirements, its current market capitalization and stock price, and the exchange's broad discretionary authority, all point to a low likelihood of delisting for FFIE.
FFIE Market Cap
Source:
1.
FFIE Closing Price
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