According to Foresight News, electric vehicle company Faraday Future (NASDAQ: FFAI) has announced that it has fully regained its status as a compliant publicly listed company after passing a year-long compliance review by Nasdaq. The company's founder, Jia Yueting, completed three purchases of FFAI common stock under a 10b5-1 stock purchase plan, totaling approximately $560,000, including fees. Jia expressed his confidence in the company's long-term strategy by reinvesting his entire signing bonus back into the company.
Previously, Foresight News reported that in August, Faraday Future announced plans to launch the FFAI C10 Treasury, a financial product based on a basket index of the top ten cryptocurrencies.