Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global Embodied AI (EAI) ecosystem company, announced today that the Company has received a notice from the Nasdaq Stock Market LLC ("Nasdaq") stating that the Company's Class A common stock failed to meet the $1.00 per share minimum bid price requirement 30 consecutive trading days, and providing 180 days to regain compliance, as outlined in Nasdaq Listing Rule 5810(c)(3)(A). The Company now has until Wednesday Sept. 16, 2026, to meet the requirement for its shares of its Class A common stock to maintain a closing bid price of at least US$1.00 per share for a minimum of ten consecutive trading days, unless the Nasdaq staff exercises its discretion to extend this ten trading day period (up to as many as 20 trading days).

Nasdaq's extension notice has no immediate effect on the continued listing status of the Company's Class A common stock on the Nasdaq Capital Market LLC under the symbol "FFAI". If at any time during the additional 180-day extension, the bid price of the Company's Class A common stock closes at or above $1.00 per share for a minimum of ten consecutive trading days (unless the Nasdaq staff exercises its discretion to extend this ten business day period to up to as many as 20 trading days), Nasdaq will provide the Company with a written confirmation of compliance and the matter will be closed.

FF remains committed to full compliance with all Nasdaq listing requirements and will continue to monitor its share price closely. The Company will take all necessary actions within the prescribed period to regain compliance. This includes accelerating its business execution and advancing its strategic initiatives and fighting against potentially illegal short selling and market manipulation. The Company firmly opposes implementing a reverse split unless absolutely necessary, but is confident that it will regain compliance.