Faraday Future Regains Nasdaq Compliance and Launches New Treasury Product

Faraday Future (NASDAQ: FFAI) has officially regained compliance as a publicly listed company after successfully completing a year-long review by the Nasdaq Stock Market. This marks a significant milestone for the electric vehicle manufacturer, which saw a period of regulatory scrutiny. Founder Jia Yueting took an active step in this process, purchasing approximately $560,000 worth of FFAI common stock through a 10b5-1 stock purchase plan. In addition to this investment, Yueting expressed his unwavering commitment to the company’s long-term vision by reinvesting his entire signing bonus back into Faraday Future. The company recently announced its launch of the FFAI C10 Treasury, a financial product based on a basket index of the top ten cryptocurrencies.