Faraday Future (FFAI, Financial) has rolled out a comprehensive five-point plan designed to safeguard stockholder interests and address misinformation and potential illegal short selling affecting its shares. This initiative follows an unusual dip in the company's stock price, which fell below the $1.00 mark, amid rampant market rumors. These rumors falsely claim that a recent Form D filing indicates imminent executive stock sales and that a reverse stock split would be triggered if the share price remains below $1.00. Additionally, there are unfounded concerns about tariff issues impacting the company's strategic operations.
To counter these developments, Faraday Future has emphasized its commitment to its stockholders, openly opposing any actions that could harm their interests. The company strongly denies pursuing a reverse stock split and remains focused on maintaining its Nasdaq listing. To bolster stockholder confidence, Faraday Future has launched what they term the "Battle to Achieve the Dream Counterattack Against Potential Illegal Short Selling," which encompasses five key initiatives to stabilize and protect its stock value.
