Saturday, 17 June 2023

Faraday Future plans reverse stock split

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The reverse stock split proposal includes a range between 1-for-2 and 1-for-90 shares of outstanding common stock. The final ratio will be determined by the Board following stockholder approval.

Harvey Jones, who has been on the Nvidia NVDA board since 1993, sold nearly 120,000 shares of the company Tuesday at prices between $400 and $408.51, according to a filing with the Securities and Exchange Commission made public Wednesday. He pocketed $48.3 million through the transaction, which took place with shares that he held in his living trust.






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