02:46 PM EDT, 03/23/2026 (MT Newswires) -- Faraday Future Intelligent Electric ( FFAI ) shares rose 27% on Monday after the company said that the US Securities and Exchange Commission ended its investigation related to a 2021 financing and special purpose acquisition company transactions.

The SEC will not pursue any enforcement action against the company, founder YT Jia, president Jerry Wang, or any other executive, according to a Sunday statement.

The company said it is launching a revamped Ten-Punch Combo and plans to execute a four-phase strategy to deliver value for stockholders.

Phase one involves efforts to regain compliance with the Nasdaq listing rule to maintain the minimum $1 per share price requirement, according to the company.

Price: 0.34, Change: +0.07, Percent Change: +24.87