Faraday Future (FFAI) faces Nasdaq minimum bid-price deadline and delisting risk

Rhea-AI Filing Summary

Faraday Future Intelligent Electric Inc. received a Nasdaq notice on March 20, 2026 that its Class A common stock failed to meet the required $1.00 minimum bid price for 30 consecutive trading days from February 5 through March 19, 2026.

The company has 180 calendar days, until September 16, 2026, to regain compliance by having a closing bid price at or above $1.00 for at least 10 consecutive trading days. During this period, the shares remain listed on the Nasdaq Capital Market.

Nasdaq rules also provide that if the stock’s closing bid is $0.10 or less for 10 straight trading days, staff will issue an immediate delisting determination. Faraday Future may seek a second 180‑day compliance period and could use measures such as a reverse stock split, and it would have the right to appeal any delisting decision to a Nasdaq panel.

Positive

• None.

Negative

• Nasdaq bid-price deficiency and delisting risk: Faraday Future’s Class A common stock failed to maintain a $1.00 minimum bid price for 30 consecutive trading days, triggering a Nasdaq notice and starting a compliance window that could end in delisting if not resolved.
• Potential need for reverse stock split: The company states that curing the deficiency during any additional compliance period may require implementing a reverse stock split, a step that can signal stress and alter shareholders’ economic and trading dynamics.

Insights

Equity markets and listing standards analyst

Nasdaq minimum bid-price deficiency raises delisting and reverse-split risk for Faraday Future.

Faraday Future Intelligent Electric Inc. has fallen below Nasdaq’s $1.00 minimum bid-price requirement for 30 consecutive trading days. Under Listing Rule 5550(a)(2), the company now faces a September 16, 2026 deadline to restore compliance while its shares continue trading on the Nasdaq Capital Market.

The notice introduces concrete downside triggers. If the closing bid falls to $0.10 or less for 10 straight sessions, Nasdaq staff will move to delist the Class A common stock. If the company remains below $1.00 at the first deadline, it may seek a second 180‑day period by meeting other Nasdaq standards and outlining a cure plan.

Management explicitly notes that regaining compliance may require a reverse stock split, which can affect share count and trading dynamics. Any eventual delisting determination could be appealed to a Nasdaq Listing Qualifications Panel, during which the stock would remain listed until the panel issues its decision.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 20, 2026

Faraday Future Intelligent Electric Inc.

(Exact name of registrant as specified in its charter) 

Delaware		001-39395		84-4720320
(State or other jurisdiction		(Commission File Number)		(I.R.S. Employer
of incorporation)				Identification No.)

18455 S. Figueroa Street
Gardena, CA		90248
(Address of principal executive offices)		(Zip Code)

(424) 276-7616

(Registrant’s telephone number, including area code)  

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A common stock, par value $0.0001 per share		FFAI		The Nasdaq Stock Market LLC
Redeemable warrants, exercisable for shares of Class A common stock at an exercise price of $11,040.00 per share		FFAIW		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On March 20, 2026, Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (the “Company”) received written notice from the Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has failed to maintain a minimum bid price of at least $1.00 per share for the 30 consecutive trading day period from February 5, 2026, through March 19, 2026, based upon the closing bid price for its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), as required by Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until September 16, 2026, to regain compliance with the Minimum Bid Price Requirement. The rule also states that if during any such compliance period, the Company’s security has a closing bid price of $0.10 or less for ten consecutive trading days, the Nasdaq shall issue a staff delisting determination with respect to the Company’s Class A Common Stock immediately.

During the compliance period, the Company’s Class A Common Stock will continue to be listed and traded on the Nasdaq Capital Market. To regain compliance, the closing bid price of the Company’s Class A Common Stock must meet or exceed $1.00 per share for a minimum of 10 consecutive trading days, unless the Nasdaq staff exercises its discretion to extend this ten business day period (up to as many as 20 business days) pursuant to Nasdaq Listing Rule 5810(c)(3)(H).

If the Company does not regain compliance with Rule 5550(a)(2) by September 16, 2026, the Company may be afforded a second 180 calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, except for Minimum Bid Price Requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the deficiency during the second compliance period, which may include, if necessary, implementing a reverse stock split.  

If the Company does not regain compliance with Rule 5550(a)(2) by September 16, 2026, and is not eligible for an additional compliance period at that time, Nasdaq will provide notice to the Company that its securities will be subject to delisting. At that time, the Company may appeal Nasdaq’s delisting determination to a Nasdaq Listing Qualifications Panel (the “Panel”). The Company’s Class A Common Stock would remain listed pending the Panel’s decision.

Forward Looking Statements

This Current Report on Form 8-K includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Forward-looking statements are based on the Company’s current plans and expectations and involve risks and uncertainties which are, in many instances, beyond the Company’s control, and which could cause actual results to differ materially from those included in or contemplated or implied by the forward-looking statements. Such risks and uncertainties include, among others, the failure to timely regain compliance with the Minimum Bid Price Requirement, the need to implement a reverse stock split to regain compliance, the potential failure to obtain stockholder approval for a reverse stock split, and the other risks, uncertainties and factors detailed in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 31, 2025, and Form 10-Qs for the quarters ended June 30, 2025 and September 30, 2025 filed with the SEC on May 9, 2025, August 19, 2025 and November 21, 2025, respectively, and other documents filed by the Company from time to time with the SEC.. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FARADAY FUTURE INTELLIGENT ELECTRIC INC.
Date: March 20, 2026	By:	/s/ Koti Meka
	Name:	Koti Meka
	Title:	Chief Financial Officer

2

FAQ

Why did Faraday Future (FFAI) receive a Nasdaq minimum bid price notice?

Faraday Future received the notice because its Class A common stock closed below the required $1.00 minimum bid price for 30 consecutive trading days from February 5 through March 19, 2026, violating Nasdaq Listing Rule 5550(a)(2) for continued listing eligibility.

How long does Faraday Future (FFAI) have to regain Nasdaq bid price compliance?

Faraday Future has 180 calendar days, until September 16, 2026, to regain compliance. To do so, its Class A common stock must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive trading days during this grace period.

What happens if Faraday Future’s (FFAI) stock trades at or below $0.10 on Nasdaq?

If Faraday Future’s Class A common stock has a closing bid price of $0.10 or less for ten consecutive trading days, Nasdaq rules require staff to issue an immediate delisting determination for the shares, regardless of the broader 180‑day minimum bid-price compliance window.

Can Faraday Future (FFAI) get more time beyond September 16, 2026 to meet Nasdaq rules?

Faraday Future may qualify for a second 180‑day compliance period if it meets all other initial listing standards for the Nasdaq Capital Market, including market value of publicly held shares, and formally notifies Nasdaq of a specific plan to cure the minimum bid price deficiency.

How might Faraday Future (FFAI) attempt to regain Nasdaq bid price compliance?

The company indicates its plan to cure the deficiency during any second compliance period may include a reverse stock split. A reverse split consolidates shares to raise the trading price per share, which can help meet Nasdaq’s $1.00 minimum bid requirement without altering total market value.

What recourse does Faraday Future (FFAI) have if Nasdaq moves to delist the stock?

If Nasdaq issues a delisting determination because bid-price requirements remain unmet, Faraday Future can appeal to a Nasdaq Listing Qualifications Panel. During the appeal process, the company’s Class A common stock would remain listed pending the panel’s final decision on continued listing.

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 3.8 KB
• EX-101 XBRL DEFINITION FILE 26.1 KB
• EX-101 XBRL LABEL FILE 36.2 KB
• EX-101 XBRL PRESENTATION FILE 24.8 KB