Faraday Future Intelligent Electric plans to execute a reverse stock split to comply with Nasdaq's minimum bid-price requirements, as the electric vehicle start-up has only 36 cents as of Friday's close. In May, Nasdaq provided Faraday Future with another 180-day period to adhere to the standards after the company failed to meet them in January. Faraday's reverse stock split proposition suggests a ratio ranging from 1-for-2 to 1-for-90 outstanding common stock; the final decision will depend on stockholder approval. The Los Angeles-based firm has faced numerous issues, including a cash shortage and governance disputes.