Faraday Future regains NASDAQ compliance and announces new bond product

Electric vehicle company Faraday Future (NASDAQ: FFAI) announced that it has fully restored its status as a compliant listed company after passing a one-year compliance review of Nasdaq. The company's founder Jia Yueting purchased Faraday Future common shares three times based on the 10b5-1 stock purchase plan, totaling approximately US$560,000 (including handling fees). Jia Yueting reinvested all the signing bonuses in the company, expressing his confidence in the company's long-term strategy. Previously, Coinjie.com reported that Faraday Future announced in August that it plans to launch a financial product based on the top ten cryptocurrency basket index - Faraday Future C10 Treasury Bond.