Foresight News reports that electric vehicle company Faraday Future (stock code FFAI) has fully restored its normal public company status and passed Nasdaq's one-year compliance monitoring review. Its founder Jia Yueting has completed three purchases of FFAI common stock under the 10b5-1 stock purchase plan, totaling approximately $560,000 (including fees). Jia Yueting stated, 'I choose to reinvest my entire signing bonus back into the company because I am confident in the company's long-term strategy.'
Foresight News previously reported that Faraday Future announced in August plans to launch a treasury product based on a basket index of the top ten cryptocurrencies, FFAI C10 Treasury.
