Faraday Future (NASDAQ:FFIE) stock is plunging lower after the electric vehicle (EV) company proposed a reverse stock split of between 1-for-2 to 1-for-40 in order to regain compliance with Nasdaq’s minimum bid requirement. Faraday added that it would not pursue a reverse split if its shares could regain compliance naturally. “The final ratio will be determined by the Board after stockholder approval, with the option to abandon, delay or postpone the reverse stock split,” said Faraday. In order to regain co ...