Hindsight Markets / Small-cap stocks on September 28, 2026

FFAI on September 28, 2026: why it ran

Published October 9, 2026 · By Hindsight Markets

On September 28, 2026, FFAI opened up 8.7% from the previous close of 1.61 and reached 1.85 at 4:00 a.m. ET. The exchange did not halt it.

Previous close

1.61

Open, 9:30 a.m.

1.75

Gap at the open

up 8.7%

Pre-market high

1.85 at 4:00 a.m.

High, 4 a.m. to 4 p.m.

1.85 at 4:00 a.m.

Low, 4 a.m. to 4 p.m.

1.34

After-hours high, 4 p.m. to 8 p.m.

2.39 at 5:04 p.m.

Last trade before 4:00 p.m.

1.41

Volume

9.03 million

Relative volume

12.7x

Float

6.09 million shares, from filings as of September 28, 2026

Shares outstanding

6.13 million

Halts

none in the halt feed

Why it ran

News and SEC filings for FFAI published between the previous session's close and the first minute FFAI traded 20% above it, at 5:00 p.m. ET, newest first, from the same feeds the replay shows.

1. 5:00 p.m. ET · Business Wire

   Faraday Future Announces Strategic Upgrade into Robotaxi and EAI Cabin Technology Operator and Physical AI Investment Holding Company; To Combine Its Robotics Business at Approx. $200 Million Valuation with AIxC (soon FFR) for a Standalone Listing

2. 5:00 p.m. ET · PRNewsWire

   AIxCrypto Holdings (NASDAQ: AIXC soon to be traded under FFR), Signs Term Sheet with Faraday Future to Acquire its Robotics Business at an Estimated $200 Million Valuation, Aiming to be the First Nasdaq-Listed Pure-Play Robotics Ecosystem Company

3. September 27, 2026, 11:27 p.m. ET · Business Wire

   Faraday Future Announces This Week's Investor Weekly Report From YT Jia Has Been Rescheduled to September 28; FF EAI “Built in USA” Upstream & Downstream Business Partner Conference Part Two to Be Held September 29

News via Stock News API

How it traded

The shape is a fixed rule, not a judgement: gapped 10% or more at the open, ran 10% or more from the open to the high, and faded if it gave back 30% or more of that move by the close.

The day in numbers

• From news to the move: the first trade 20% above the previous close came less than a minute after the latest news item before it (Business Wire, 5:00 p.m.).
• Volume, from the one-minute bars: 375,742 shares before the 9:30 a.m. open (4%), 535,692 in the first 30 minutes (6%), and 8.11 million in the rest of the day to 8 p.m. (90%).
• Float rotation, the volume since 4 a.m. against the float of 6.09 million shares: past it once at 5:20 p.m.
• Other days FFAI met the small-cap rule in our recaps: 3, the latest on September 29, 2026.

Halts

The exchange's halt feed shows no halts for FFAI that day.

On this date the LULD plan ran under Amendment 18, in force from February 24, 2020: no band doubling at the open, and the closing doubling only for Tier 1 stocks and Tier 2 stocks whose previous close was at or below three dollars. See LULD halts or work out a band with the LULD calculator.