-January 28,2022-
Faraday Future (NASDAQ: FFIE), with an auto plant in Hanford has requested and received a 15-day extension to file its compliance plan with NASDAQ. The Company now has until February 1, 2022 to file its compliance plan.
The company previously disclosed that the filing of its third quarter 2021 10-Q would be delayed as a result of an internal review. A “Special Committee” was formed house to investigate allegations of inaccurate disclosures, including claims contained in a report issued by an investor with a history of seeking to drive down public companies’ stock prices for its own benefit.Faraday Future says it “is working diligently toward the goal of being in a position to file the Q3 Form 10-Q, as well as its Form 8-K with the Company’s third quarter 2021 earnings release and its amended Registration Statement on Form S-1 as soon as possible following the conclusion of the Special Committee investigation.” Upon the Company’s filing of its Q3 Form 10-Q, the Company will again become compliant with a NASDAQ Listing Rule. Faraday Future stock has declined from around $6 a share January 1 to $4.87 January 26.
Final EIR on 825 home Lacey Ranch gets hearing
The Lemoore Planning Commission will hold a hearing April 11 on the county’s largest home project, the 825-unit Lacy Ranch being developed by Fresno’s Assemi Group.The big project is just north of Lemoore city limits and east of Highway 41.
The Lacey Ranch Area Master Plan, will develop 156 acres of land into a planned residential community with a mix of single- family and multi-family housing units. The project will be constructed in four phases with a mix of housing including:
• ±164 compact lots with an average lot size of 4,500 square feet
• ±310 medium lots with an average lot size of 6,500 square feet
• ±73 estate lots with an average lot size of 9,500 square feet
• ±145 multifamily units at 20 units per acre
• ±59 multifamily units at 12 units per acre
The project includes four parks for a total of 7.9 acres and 1.64 acres of trail area. So far the city has not received any formal opposition to the project.
The Assemi Group has built thousands of new homes in the Valley under the name Granville Homes. Several other large home projects are underway in Lemoore, west of Hwy 41.But the 825 home Lacey Ranch is by far the largest. Lemoore has seen some 180 new homes built in the past three years.