did ffie stock split? Timeline & impact

Did FFIE stock split? This article answers that question directly: Faraday Future (Nasdaq: FFIE) completed multiple reverse stock splits in 2023–2024. Read a detailed timeline, mechanics, rationale...

2026-01-13 11:27:00

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Did FFIE Stock Split?

did ffie stock split is a common question for investors and observers following the electric-vehicle startup Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE). As of August 25, 2023, according to Faraday Future press materials, and with subsequent actions through August 2024, FFIE implemented multiple reverse stock splits. This article provides a clear timeline of those splits, explains how they were executed, summarizes the company rationale, outlines immediate corporate effects on securities and fractional shares, points to the principal regulatory disclosures, describes market reaction, and lists investor considerations.

Key takeaways up front:

did ffie stock split? Yes — FFIE completed several reverse splits in 2023–2024. (See timeline below.)
These were reverse (consolidation) actions intended mainly to address Nasdaq listing-status concerns and to reduce outstanding share counts.
Reverse splits affect share counts, exercise/conversion prices for warrants and convertible instruments, and fractional-share treatment; they do not change an investor’s percentage ownership in the company.
For primary source details, see the company press releases and SEC filings cited by date in this article.

Background: Faraday Future and the FFIE ticker

Faraday Future Intelligent Electric Inc. is an electric-vehicle company that has operated under the Nasdaq ticker FFIE. As of June 16, 2023, Reuters reported on the company’s challenges with cash, production timelines, and the Nasdaq minimum-bid-price threshold, which provided the immediate corporate context for the subsequent reverse-split proposals.

The FFIE listing on Nasdaq meant the company was subject to exchange rules such as the minimum bid-price requirement. When a listed company’s share price falls below required thresholds for extended periods, the exchange can issue deficiency notices and potentially commence delisting procedures. Management often proposes reverse stock splits to quickly increase the per-share price and restore compliance with exchange rules.

Timeline of stock-split actions

Below is an overview of the main reverse-stock-split events that Faraday Future enacted in 2023 and 2024. Each event is summarized with dates, ratios, and key corporate actions. Official company press releases and SEC proxy statements provide the authoritative details referenced by date.

1-for-80 reverse split — August 2023

As of August 25, 2023, according to a company press release dated August 25, 2023, Faraday Future announced the effectiveness of a 1-for-80 reverse stock split. Trading on a split-adjusted basis began on August 28, 2023. The press release noted that the split also included an authorized-share adjustment described in the company’s announcements.

Key facts (1-for-80):

Action: 1-for-80 reverse stock split (share consolidation).
Company release date: August 25, 2023. (As of August 25, 2023, according to the company press release.)
Trading adjusted: August 28, 2023 (shares began trading on a split-adjusted basis on that date per company notice).
Corporate mechanics: consolidation of outstanding common shares and adjustment of authorized share counts per the company statement.

1-for-3 reverse split — March 2024

Faraday Future pursued an additional reverse split that became effective around late February/early March 2024. As of February 29–March 1, 2024, the company’s notices and proxy materials described a 1-for-3 consolidation that had been approved by the board or stockholders and implemented in order to further manage per-share price levels and address Nasdaq compliance risk.

Key facts (1-for-3):

Action: 1-for-3 reverse stock split.
Timing: effective around February 29 / March 1, 2024 (company notices and press coverage from that period reference these dates).
Approval: documented in company proxy and board resolutions (see regulatory filings referenced below).
Trading adjusted: trading on a split-adjusted basis commenced per broker/transfer-agent notices and company communications.

1-for-40 reverse split — August 2024

As of August 15, 2024, according to a Faraday Future press release, the company announced and implemented a 1-for-40 reverse stock split. The company’s August 2024 communications describe board approval, the effective date (mid-August 2024), commencement of trading on a split-adjusted basis, and a reduction in authorized shares.

Key facts (1-for-40):

Action: 1-for-40 reverse stock split.
Company announcement: dated August 15, 2024 (company investor release).
Effective date and trading change: the company listed effective dates in mid-August 2024 (reported effective dates include August 16–19, 2024 for internal corporate processing and August 19, 2024 for trading adjustments in some notices).
Corporate mechanics: board approval, consolidation of shares, and authorized-share reduction described in the company release.

Rationale for reverse splits

Companies typically implement reverse stock splits for several common reasons. In Faraday Future’s case, company notices and contemporaneous reporting cited motivations that align with these standard rationales.

Common reasons cited for reverse splits:

Regain compliance with Nasdaq minimum bid-price requirements: exchanges may issue deficiency notices when a stock trades below prescribed thresholds for a sustained period.
Reduce the outstanding share count to raise the per-share price quickly without fundamentally changing the company’s market capitalization.
Address listing risk: a higher per-share price can remove immediate delisting threats and buy the company time to pursue operational or financial improvements.
Manage capital structure and administrative simplicity: fewer outstanding shares can simplify some corporate mechanics and reflect other board-level capital-management strategies.

Company-specific motivations for FFIE:

As of June 16, 2023, reporting noted Nasdaq-related pressures and the company’s need to demonstrate compliance or remediation plans; subsequent reverse splits were consistent with efforts to resolve listing-status risk.
Press releases for each action referenced the board’s belief that consolidation would help maintain listing and improve trading dynamics.

Mechanics and immediate corporate effects

A reverse split is a consolidation of a company’s existing shares — for example, in a 1-for-40 split, each 40 pre-split shares are combined into one post-split share. Below are the key mechanical effects and how Faraday Future implemented them according to company statements.

How the reverse splits were implemented:

Consolidation of shares: outstanding common shares were reduced proportionally according to the stated ratios (1-for-80, 1-for-3, 1-for-40) and trading was adjusted to reflect consolidated share counts.
No fractional-share issuance policies: the company’s releases described procedures for fractional entitlements (see the fractional-share subsection below). Faraday Future’s press releases and proxy statements specified how fractional shares would be treated — typically by rounding, cash-out payments, or aggregation through an exchange agent.
Adjustment of authorized shares: the company reduced its authorized share number to align with the consolidated outstanding share count and corporate governance actions documented in the filings.
New CUSIP numbers and transfer-agent handling: when applicable, consolidation events can trigger new CUSIPs or adjusted identifiers; the transfer agent and exchange agent handled exchange mechanics and communications to brokers.

Broker and transfer-agent handling:

The transfer agent and exchange agent coordinated the issuance of new post-split certificates (where applicable), handled fractional-share treatment, and communicated with brokerage systems to ensure trading adjusted properly on the specified trading-adjusted date.
Faraday Future named the transfer agent and exchange agent in its press materials; the company used Continental Stock Transfer & Trust Company as the exchange agent for fractional-share processing in the announced actions.

Effect on warrants, convertible securities, options and RSUs

Reverse splits typically change the number of shares issuable upon exercise or conversion and adjust exercise or conversion prices proportionally so that the overall economic terms remain equivalent on a per-capitalization basis.

For FFIE, company disclosures explained the proportional adjustments:

Warrants and convertible securities: the number of underlying shares issuable upon exercise or conversion was reduced by the split factor, and the exercise/conversion price was increased proportionally so that the total value at exercise remained economically comparable.
Example from company notices: if a warrant previously allowed purchase of 80 shares at $0.10 per share, a 1-for-80 reverse split would typically convert that instrument to a warrant exercisable for 1 share at $8.00 per share (80 x $0.10 = $8.00), subject to specific warrant terms in the indenture/agreements and any rounding rules.
Options and RSUs: employee stock options and RSU grants were similarly adjusted in quantity and exercise price to preserve the pre-split economic value insofar as plan documents and applicable law allow.

All adjustments depend on the exact terms of the securities’ governing documents and the company’s implementing resolutions; investors are referred to the SEC filings and company notices for the precise formulas and examples provided at each action.

Fractional-share treatment and exchange agent

Fractional shares arise when consolidation ratios do not divide evenly into an investor’s pre-split holdings. Faraday Future’s press releases and proxy statements explained the company’s approach to fractional entitlements and named the exchange agent responsible for processing such matters.

Policy and practice described in company materials:

Treatment: fractional entitlements were addressed as described in each press release and proxy. Typical approaches include rounding up or down, paying cash-in-lieu for fractional shares, or aggregating fractional interests and selling on the open market with proceeds distributed to affected shareholders.
Exchange agent: Continental Stock Transfer & Trust Company served as the exchange agent for processing fractional-share cash-outs and coordinating with brokers for certificate exchanges and recordkeeping.
Broker processes: brokerage account holders generally saw consolidated shares reflected in their accounts on the trading-adjusted date; retail holders with physical certificates or unusual holdings were instructed to follow the exchange agent’s directions.

Regulatory filings and official disclosures

The primary authoritative sources for these corporate actions are the company’s press releases on its investor relations site, SEC filings (including definitive proxy statements and Form 8-Ks), and Nasdaq notices. For readers verifying facts, consult the company’s investor materials and the SEC filings that implement the splits.

Important disclosure points:

Press release dates: key press releases include the company’s August 25, 2023 release describing the 1-for-80 split and the August 15, 2024 release describing the 1-for-40 split.
SEC filings and proxy statements: reverse splits commonly required stockholder approval via a proxy statement and were implemented through resolutions filed in 8-Ks and reflected in the company’s post-action filings.
Nasdaq communications: Nasdaq notices and exchange communications provide additional context about listing compliance matters; reporting on June 16, 2023 noted Nasdaq scrutiny that framed the later corporate actions.

As of August 15, 2024, according to the company investor release, FFIE’s filings documented the board approvals and the operational steps for the 1-for-40 consolidation. For complete legal details, investors should review the definitive proxy materials and Form 8-K exhibits filed with the SEC.

Market reaction and trading implications

Reverse splits can change market perception and trading characteristics. Historical patterns and the specific reporting around FFIE indicate typical effects and the actual market response observed in news coverage.

General effects of reverse splits:

Per-share price increase: by mathematical definition, the per-share price rises by the split factor while market capitalization should remain approximately unchanged immediately after the split.
Liquidity impact: a smaller float and higher per-share price can reduce daily share turnover, tighten or widen bid-ask spreads, and change how market makers and retail brokers handle odd lots.
Perception and signaling: reverse splits are often perceived by the market as a signal of distress or as a defensive measure to maintain listing, which can produce short-term volatility and negative sentiment.

FFIE-specific market reaction reported:

News coverage around the August 2023 and August 2024 splits documented sharp share-price moves and continued volatility as investors digested the company’s financial position and operational outlook.
As of June 16, 2023, Reuters reported concerns about the company’s financial health and Nasdaq scrutiny, which framed investor sentiment prior to the 2023 split.
Subsequent press coverage in early 2024 and mid-2024 noted continued trading volatility following each reverse-split implementation, with commentators observing that the splits solved price-floor issues but did not by themselves resolve underlying operational or liquidity challenges.

Quantifiable trading indicators to monitor (examples):

Market capitalization: investors should note how the company’s market cap changed in absolute terms after splits; while per-share price increases, market cap may still decline if market sentiment drives down the post-split price.
Daily trading volume: reverse splits can reduce share turnover measured in number of shares, but dollar-volume comparisons are often more informative.
Volatility: sudden changes in campaign coverage, financing announcements, or operational updates can all lead to outsized percentage moves in the post-split shares.

All market-metric statements in this article reference contemporaneous reporting and the company’s public disclosures. As of August 25, 2023 and August 15, 2024, company filings and widely cited press coverage documented these splits and the immediate market reaction.

Investor considerations and risks

For investors asking “did ffie stock split” and wanting to understand the implications, consider the following neutral, factual points.

What a reverse split does and does not do:

Does: change the per-share price and the number of outstanding shares according to the stated ratio; change exercise/conversion numbers for related securities proportionally; reduce the risk of immediate delisting if the exchange’s compliance threshold is met after the split.
Does not: by itself change an investor’s percentage ownership in the company or the company’s underlying fundamentals.

Potential investor risks and practical effects:

Signaling of distress: reverse splits are frequently used as remedial actions and can signal that the company faces financial or operational strain, which may affect investor confidence.
Liquidity and trading: post-split trading can be less liquid in share-count terms. This matters for execution quality and potential price impact on trades.
Effect on derivative positions: options, warrants, and convertible instruments are adjusted, but holders should verify the exact adjustments in the legal instruments and the company’s implementing disclosures.
Fractional-share cash-outs: investors with odd-lot holdings may receive cash instead of fractional shares; consult the exchange agent’s notice for details and timing.
Continued listing risk: even after achieving a higher per-share price through a reverse split, a company can still face delisting if the price declines again or if other listing requirements are not met.

Practical steps for investors:

Review the company’s SEC filings and press releases tied to each reverse split.
Confirm how your broker will reflect the changes in your account and ask the broker about fractional-share treatment.
Monitor dollar-volume and market-cap metrics rather than share-count metrics alone to assess liquidity and market interest.
Remember that reverse splits are a corporate-structure tool, not a substitute for operational improvements or financing.

Historical summary table (suggested content)

For clarity, the article recommends a concise table listing the following for each split event: date announced, split ratio, effective date, trading-adjusted date, authorized-share changes, and the primary reference (company press release or SEC filing). This article does not include the formatted table, but editors should include it in web presentation for quick reference.

References

As of August 25, 2023, according to a Faraday Future press release dated August 25, 2023, the company implemented a 1-for-80 reverse split. (Company investor materials and press notices.)
As of June 16, 2023, Reuters reported on Faraday Future’s financial position and Nasdaq scrutiny, providing context for later listing-related actions. (News reporting dated June 16, 2023.)
As of February–March 2024, media coverage and company notices described a 1-for-3 reverse split that became effective around late February/early March 2024. (Press coverage and company filings in that timeframe.)
As of August 15, 2024, according to the Faraday Future investor release dated August 15, 2024, the company announced and processed a 1-for-40 reverse split, including authorized-share reductions and board approvals. (Company press release and SEC filings.)
Additional context and reporting were available from market commentary and aggregators during Feb–Aug 2024 (coverage of trading reaction and split mechanics).

Sources summary: company press releases on the Faraday Future investor site, SEC proxy statements and Form 8-Ks, Nasdaq notices, Reuters reporting (June 16, 2023), and various market-coverage pieces in early–mid 2024.

Editorial note

This article is a factual summary of Faraday Future’s reverse stock-split actions in 2023–2024 and is not investment advice. It cites company press releases and contemporaneous reporting by major outlets to document the dates, ratios, and mechanics. For any legal, tax, or investment decisions, consult your professional adviser and review the definitive company filings.

Did ffie stock split? The short answer remains: yes — multiple reverse splits were implemented in 2023–2024. For precise operative terms, refer to the company’s press releases and SEC filings cited by date above.

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