FF faces the risk of delisting, Jia Yueting reveals countermeasures

Jia Yueting, the founder of Faraday Future (FF), recently released a video on Weibo detailing the challenges and response strategies currently faced by the company. Jia Yueting admitted that FF is at a critical turning point. The company has received a delisting opinion letter from Nasdaq, which puts FF's listing status in jeopardy.

The data editor explained that Jia Yueting said in the video that once FF is delisted, it will cause irreparable losses to investors, shareholders, creditors and suppliers, and will also have a negative impact on the automobile industry in China, the United States and even the world. industry has a profound impact. In order to avoid this situation, Jia Yueting emphasized that he will work with the company's management to make every effort to restore compliance to ensure that FF can continue to maintain its listing qualifications. To this end, FF submitted a complaint to Nasdaq on May 1 regarding rectification to maintain listing qualifications.

Talking about the company’s historical difficulties, Jia Yueting pointed out that since FF was listed on Nasdaq in 2021, the company has experienced a series of twists and turns. He specifically mentioned that some directors used false short-selling reports and other means to suppress the company, which resulted in many Chinese start-up teams being treated unfairly, and he himself even faced the risk of being squeezed out of the company. Under the influence of this series of events, the mass production plan of FF91 was forced to be postponed, and the funds raised by the company's listing were almost exhausted.

#In order to save FF from its decline, Jia Yueting announced several major decisions. He will serve as co-CEO with Matthias and share responsibilities; at the same time, he will do his best to ensure that the company maintains its compliant listing status. In addition, he also plans to accelerate the financing process to ease the company's financial pressure. Furthermore, Jia Yueting plans to open up the technology chain and value chain accumulated by FF over the past ten years to the entire industry, in order to promote the upgrading of the global travel industry. He also revealed that he will raise funds through the commercialization of personal IP, part of which will be used to pay off debt, and part of which will be used to support FF’s basic operations. These measures demonstrate Jia Yueting's firm determination and comprehensive strategic layout to save FF.

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