49.40MMarket Cap-138P/E (TTM)
4.1600High3.9200Low4.03MVolume4.0000Open4.0400Pre Close16.35MTurnover32.81%Turnover RatioLossP/E (Static)12.38MShares624.000052wk High0.33P/B48.96MFloat Cap1.520052wk Low--Dividend TTM12.27MShs Float199200.0000Historical High--Div YieldTTM5.94%Amplitude1.5200Historical Low4.0590Avg Price1Lot Size
Faraday Future Intelligent Electric Inc. Stock Forum
$Faraday Future Intelligent Electric Inc. (FFIE.US)$ $Serve Robotics (SERV.US)$
No reason for investor to exercise the conversion since the market price is lower than the conversion price!
Convertible notes allow bondholders to convert debt into equity at a fixed price (in this case, $5.24). If the market price of the stock is lower than $5.24, converting into shares would result in an immediate loss since bondholders could simply buy shares...
https://www.investing.com/news/press-releases/univest-securities-llc-announces-first-closing-of-30-million-convertible-note-offering-for-its-client-faraday-future-intelligent-electric-inc-nasdaq-ffie-93CH-3614369
No comment yet