— (Reuters) Start-up of electric vehicles As part of its efforts to get back into compliance with Nasdaq’s minimum bid price regulations, Faraday Future Intelligent Electric announced that it was preparing a reverse stock split.

Nasdaq mandates that share prices be above $1 and notifies a company when their prices fall below that level for 30 consecutive working days.

Companies then have a 180-day window in which the stock must trade over $1 for at least 10 consecutive days in order to comply with the regulations; however, if additional criteria are met, a second 180-day window may be allowed.

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