Fast Technology reported on May 17 that on May 16, local time, Faraday Future’s share price surged again.
It has been popular for five consecutive days, and its share price has increased by more than 30 times.
As of the end of the trading day on May 16, Faraday Future Automobile’s share price reached US$1.
65, which also means that the share price of Faraday Future Automobile founded by Jia Yueting successfully exceeded the US$1 delisting warning line, and the total market value climbed to US$70.
41 million.
, and after the stock price soared on May 14, FF said that this marked that founder Jia Yueting’s ongoing “FF listing qualification battle” had won a good start, giving the capital market and the company huge confidence.
, It is reported that on April 30, Faraday Future announced that it had received a letter from the Nasdaq Stock Exchange and would be delisted by Nasdaq because it did not comply with the Nasdaq listing rules.
Since then, in order to maintain FF’s listing qualification, Jia Yueting carried out a series of operations.
Jia Yueting released a video last week saying that he will consider co-CEO of the company with FF Global CEO Matthias and will start the commercialization of personal IP to make money and build cars.
Together with the company’s management team, he will take all feasible measures to ensure that the company maintains its compliant listing status and launch a battle to defend the qualifications of FF listed companies.
At present, Faraday Future Automobile’s share price has exceeded the “delisting warning line” of US$1, and Faraday will not have much risk of delisting in the short term in the future.
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