Summary:
- Faraday Future (FFAI, Financial) opposes reverse stock split, aims to maintain Nasdaq compliance.
- The company has announced a five-point action plan to address stockholder value and market rumors.
- Upcoming vehicle rollout for FX program by year-end, with the Super One debut expected in late June.
Faraday Future Intelligent Electric Inc. (FFAI) has publicly declared its resolute opposition to a reverse stock split, except where necessary to comply with Nasdaq listing requirements. This stance is part of a comprehensive five-point action plan aimed at protecting stockholder value amidst circulating market rumors and perceived illegal short selling activities.
The five-point strategy unveiled by FFAI includes strategic capital management to optimize its capital structure without resorting to a reverse stock split unless essential. As part of this plan, the company has also launched investigations into potential illegal short selling and is considering legal actions if necessary.
In addition, the company is addressing tariff pressures through engagement with the U.S. government, which it views as a strategic opportunity rather than an impediment. This is underscored by upcoming meetings with White House officials to discuss U.S.-China cooperation in the electric vehicle sector, positioning Faraday Future as a potential "U.S.-China EV bridge."
The FX vehicle program is on track to accelerate, with the first vehicle rollout anticipated by the end of the year. The Super One model is expected to debut in late June, with pre-orders to follow. Strong interest from U.S. consumers and other market participants suggests promising demand, though concrete commitments remain to be seen.
To increase transparency and engagement with investors, the company plans to host an Investor Community and Co-Creation Day on April 24 in Los Angeles. This event is designed to facilitate direct dialogue with stakeholders and demonstrate the company's vision and progress.
As part of continued organizational development, Faraday Future will implement deep reforms to unlock growth potential, aiming for enhanced efficiency and operational capability. This move signals the company's commitment to long-termism and sustainable shareholder value amid external uncertainties and market challenges.
FFAI remains steadfast in its commitment to maintaining Nasdaq compliance and reinforcing its market position without resorting to financial maneuvers like a reverse stock split unless absolutely necessary.
