Text: Original by Dongchedi Xing Qiuhong
[Original by Dongchedi Industry] Recently, Faraday Future (FF) stated that it received a letter reminder from the US Securities and Exchange Commission (SEC) because it failed to submit its third-quarter financial report on time. The content of the warning letter pointed out that FF did not submit the third quarter financial report within the specified time limit and was listed as a listed company that does not meet the requirements.
For a moment, the news about FF receiving a delisting warning attracted the attention of many consumers. On November 29, FF officially issued a clarification statement saying: Nasdaq warning letter is only related to FF's delay in submitting Q3 financial reports, which is a normal procedure.
FF officially issued a clarification statement on "Delisting Warning"
Regarding receiving the Nasdaq warning letter, it means that Nasdaq requires FFIE to delist. FF clearly stated that this is a wrong interpretation.
FF 91
According to regulations, after receiving the delisting warning letter, FF is allowed to submit a compliance plan to Securities and Exchange Commission within 60 days. If approved by Nasdaq, compliance can be regained within 180 days after the financial statement expires.
Two days before receiving the warning letter, FF issued a report saying that the company had submitted a document to Nasdaq on why it delayed the release of its financial report. The document mentioned that FF is investigating allegations that shorting institutions have inaccurately disclosed by , and financial reports cannot be submitted before the investigation is over. As for when the investigation will end, FF itself cannot be sure of it.
FF, the first offline experience center,
FF, said that it is currently maintaining close contact with Nasdaq and is confident that it will return to normal status in the short term. As long as the company resumes normal SEC documents in a timely manner and submits them on time, there will be no actual risk of stock delisting.
