Faraday Future says opposes reverse stock split

Faraday Future (FFAI) announced a five-point action plan aimed at protecting stockholder value and countering misinformation about the company and potential illegal short selling. Following the submission of a Form D yesterday, a wave of market rumors began to circulate – including false claims that the Form D indicates executive stock sales, that a reverse stock split would be triggered immediately if our share price drops below $1.00 per share, and that new tariff uncertainties would derail the FX strategy and “bridge model” execution. FFAI’s stock price experienced abnormal volatility and closed below $1.00 per share. In response, the company makes the following statement: “FF stands firmly with its stockholders. We resolutely oppose a reverse stock split and are fully committed to maintaining our Nasdaq listing. To defend stockholder value and confidence, the Company is launching five major initiatives – the official start of our “Battle to Achieve the Dream Counterattack Against Potential Illegal Short Selling.”