Latest news with #FaradayFutureIntelligentElectricInc
Business Journals
21-04-2025
- Automotive
- Business Journals
Faraday Future anticipates 'short-term' impact from tariffs
THE REMAINDER OF The Los Angeles EV maker is navigating the choppy waters of international trade policy, seeing both challenges and opportunities in recent tariff changes. Faraday Future Intelligent Electric Inc. said over the weekend the Trump administration's tariff policy, which currently includes 145% tariffs on Chinese imports, could have a "short-term" impact on the electric vehicle maker's strategy. In the mid- to long-term, however, the company (Nasdaq: FFAI) is eyeing these developments as a "strategic opportunity." Faraday's reliance on Chinese original equipment manufacturers could present financial headwinds in the wake of the Trump administration's rising tariff proposals with China, and the company said in a Sunday statement that sourcing Chinese parts for its vehicles, which are assembled in the U.S., 'may bring short-term impact to the company's FX strategy,' referring to the new, less expensive Faraday car line that the company hopes to begin producing by the end of the year. However, Faraday said that its FX line is "committed to progressively shifting to U.S.-based suppliers" and believes "this initiative will also encourage global automotive supply chain enterprises to establish manufacturing operations in the U.S." The comments came after Faraday X CEO Max Ma participated in a business roundtable discussion at the White House last week that included tariffs and manufacturing, among other topics. "The company is actively engaging with the U.S. government and has submitted constructive proposals regarding automotive policy, particularly involving U.S.–China cooperation in the EV sector," Faraday said. Why Faraday Future aims to change its name The Gardena, California-based EV maker additionally said that it aims to change its name to Faraday Future AI Electric Vehicle Inc. to better reflect its growing emphasis on using artificial intelligence in its products. Last month, Faraday changed its symbol on the Nasdaq Stock Exchange from 'FFEI' to 'FFAI' to reflect that AI emphasis. Faraday scheduled an annual shareholders meeting for May 28 when stockholders will vote on whether to change the name of the company. Faraday also said that after filing a Form D with the Securities and Exchange Commission on April 16, the company's stock fell below $1 per share, and rumors began circulating that it would initiate another reverse stock split. 'We resolutely oppose a reverse stock split and are fully committed to maintaining our Nasdaq listing,' the company said in a statement last week. Shares closed Monday at 87 cents, below the Nasdaq's minimum $1 per share requirement. In the past few years, Faraday has enacted several reverse stock splits to keep its shares trading above $1, but company officials said that there will be no reverse stock split proposal at the May 28 shareholder meeting. Sign up for Business First's free daily newsletter to receive the latest business news impacting Los Angeles. Reach Ben Miller at bwmiller@
Yahoo
19-04-2025
- Business
- Yahoo
Faraday Future Timely Announces the Upcoming Annual General Meeting per Nasdaq Compliance Requirement, Enhances the Strategic Execution of FF and FX Through Key Proposals
A 29% increase in total authorized shares. This type of proposal is often seen in annual meetings of public companies. It does not affect the current number of outstanding shares and reflects the Company's continued adherence to a prudent, disciplined, and relatively low-percentage new share issuance strategy. No reverse stock split proposal in the agenda, underscoring the Company's firm commitment to its 'No Reverse Stock Split' promise. Five major initiatives – including the launch of an organizational reform and the firm stance against a reverse stock split, demonstrating the Company's determination to protect shareholders' value and confidence. Key proposals are designed to empower strategic execution, as the Company begins the countdown to the first FX vehicle rolling off the line by the end of this year. The 'FF Shareholder Community and FX Co-Creation Day' will be held in Los Angeles on April 24th, aiming to foster transparent and close communication with shareholders and retail investors. LOS ANGELES, April 19, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future" or the "Company") today announced plans to host the Annual General Meeting of Stockholders (the "Annual Meeting") on May 28, 2025, to seek approval for proposals aimed at supporting the Company's strategic initiatives and long-term growth. The Company urges all stockholders to vote FOR all proposals. Proposal Highlights Direct Election ProposalThe Company is proposing the election of five directors Matthias Aydt, Chad Chen, Chui Tin Mok, Jie Sheng and Lev Peker. If elected, these individuals will serve until the 2026 Annual General Meeting of Stockholders and until their respective successors are duly elected and qualified (the "Director Election Proposal"). Private Placement ProposalTo approve, in accordance with Nasdaq Listing Rule 5635(d), the issuance of Common Stock to holders of certain convertible notes and warrants (the "Private Placement Proposal"). Share Authorization Proposal without Affecting the Current Total Shares OutstandingTo approve an amendment to the Company's Charter to increase(i) the number of authorized shares of the Company's common stock by 38,000,000 from 129,245,313 shares to 167,245,313 shares, and(ii) the number of authorized shares of the Company's preferred stock by 2,900,000 shares from 10,000,000 shares to 12,900,000 shares, so that the total number of authorized shares of Company's Common Stock and the Preferred Stock, will be increased from 139,245,313 shares to 180,145,313 shares. (the "Share Authorization Proposal"). Name Change ProposalTo approve an amendment to the Company's Charter to change the Company's name from Faraday Future Intelligent Electric Inc. to Faraday Future AI Electric Vehicle Inc. (the "Name Change Proposal").The proposed name change to Faraday Future AI Electric Vehicle Inc. reflects the Company's strategic evolution and increased focus on integrating artificial intelligence (AI) into its core technologies, including intelligent mobility, vehicle systems, and user experiences. The new name aligns with the Company's vision to lead the intelligent electric vehicle (EV) industry and highlights its commitment to innovation in AI-driven solutions and smart transportation ecosystems. Additionally, the new name aligns with the Company's new ticker symbol, FFAI, reinforcing a unified brand identity. Adjournment ProposalTo approve one or more adjournments of the Annual Meeting by the Company from time to time to permit further solicitation of proxies, if necessary or appropriate, if sufficient votes are not represented at the Annual Meeting to approve one or more Proposals at the time of such adjournment or if otherwise determined by the chairperson of the Annual Meeting to be necessary or appropriate. (the Adjournment Proposal"). Key Proposals Empower Strategic Execution Ensure Governance Capability. Election of experienced board members ensures continuity and strategic oversight aligned with long-term goals. Empower Strategic Growth and Structural Optimization. The approval of the Share Authorization Proposal will enable strategic growth and additional share capacity and allows the Company to explore M&A opportunities, joint ventures, and future fundraising, thereby enhancing FF and FX dual brand influence and promoting the FX bridge strategy. Enhance Financial Stability. The approval of the Share Authorization Proposal and Private Placement Proposal will help the Company strengthen its financial stability, enhance the ability to fulfill obligations, maintain Nasdaq compliance, and promote the rapidly advancing bridge strategy and subsequent financing. Business Progress and Industry Influence Increase Benefiting from the continued support of shareholders, the company's FX strategy is making full progress: We've entered a sprint for the first vehicle rollout by year-end. The FX prototype has been approved for public road testing, and will officially start testing a number of prototypes in a variety of complex public road environments next week, including testing of autonomous driving systems. After only nine months since the launch of the FX strategy in September of last year, the Super One, FX's first production model, is expected to debut in late June. We are receiving strong inquiries from U.S. consumers, fleet operators, and car rental partners. Market feedback has far exceeded expectations, and we expect to announce substantive orders and cooperation shortly. FX CEO Max Ma participated in discussions on key topics such as global tariffs, U.S. manufacturing and innovation at the White House. Defend Stockholder Value Through Five Major Initiatives Stockholders are both resource providers and governance participants of the Company, and have a profound impact on the Company's development direction and market value. To defend stockholder value and confidence, the Company has launched five major initiatives — the official start of our "Battle to Achieve the Dream Counterattack Against Potential Illegal Short Selling. 1. Capital Strategy Offensive: Firm no to a reverse stock split, unless the stock price consistently fails to meet Nasdaq's compliance standards. The Company will continue optimizing its capital structure, with an unwavering commitment not to pursue a reverse stock split unless required to maintain its Nasdaq listing. Equity and convertible debt offering proceeds will be strategically deployed to support business development targeting maximum value and measured dilution. The Company also intends to initiate a new round of executive share purchases. The formal implementation will depend on the legally allowed timeframe and any other necessary conditions. The Company previously launched an investigation into potential illegal short selling and sent letters to multiple brokers. We intend to launch a new round of investigation. We do not rule out taking legal action. 2. Turning Tariff Pressure into Strategic Opportunity Recent tariff developments may bring short-term impact to our FX strategy. However, in the mid-to-long term, this could prove to be a strategic opportunity. The Company is actively engaging with the U.S. government and has submitted constructive proposals regarding automotive policy, particularly involving U.S.–China cooperation in the EV sector. We are also formally expressing our pathway and policy expectations for the development of FF and the FX brand in the U.S. market. FX CEO has attended important meetings with White House decision-makers, as a representative of the "China US Automotive Bridge," deeply involved in the future direction of industry policies. 3. FX Strategy Accelerating — Countdown to First Vehicle Roll-Off The FX program is progressing, and we've entered a sprint for the first vehicle rollout by year-end. FX will begin on-road testing next week in various real-world conditions, including autonomous driving system validation. 4. Strengthened Transparency and Engagement — "Investor Community and Co-Creation Day" Set for April 24 We will further increase transparency and real-time communication with our stockholders to close the information gap, eliminate misunderstandings, and highlight the Company's fundamental progress. On April 24, the Company will host an Investor Community and Co-Creation Day in Los Angeles. It's a unique opportunity for all stakeholders to experience our vision, value, and strategy firsthand. 5. Deep Organizational Reform to Unlock Execution and Growth Potential The Company will initiate a comprehensive organizational and governance transformation that we expect will unleash the Company's full operational potential and accelerate its growth and value. "These proposals are not just about governance mechanics—they are about building the structural backbone that allows us to scale with confidence," said Matthias Aydt, Global CEO of Faraday Future. "Our dual-brand vision—with FF 91 at the Ultimate AI Techluxury end and FX addressing the mass market—is gaining real traction with customers, investors, and partners around the globe. The share authorization proposal gives us the flexibility to move fast when opportunity arises—whether that's securing new capital, forming global alliances, or deepening relationships with institutional and strategic investors. It also signals confidence in our future and in the broader demand for Faraday Future's technology and product roadmap. We urge shareholders to vote in favor of all proposals, as your support will have a profound impact on the Company." Meeting Details The Annual Meeting is currently scheduled to be held May 28, 2025 at 9:00 a.m. Pacific Time at ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF91, targeting a broader market with middle-to-low price range offerings. For more information, please visit FORWARD LOOKING STATEMENTS This press release includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the use of proceeds from the $30 million offering, future FF 91 2.0 deliveries, and establishing the Company's second brand (FX), are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to continue to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company's ability to secure agreements with OEMs that are necessary to execute on the FX strategy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC. Additional Information and Where to Find It This communication may be deemed to be solicitation material in connection with the proposals to be submitted to the Company's stockholders at its Annual Meeting seeking, among other proposals, the Director Election Proposal, the Private Placement Proposal, the Share Authorization Proposal and the Name Change Proposal. In connection with the Director Election Proposal, the Private Placement Proposal, the Share Authorization Proposal and the Name Change Proposal, the Company filed a preliminary proxy statement filed with the Securities and Exchange Commission on April 18, 2025 (the "Proxy Statement"), in connection with the Company's solicitation of proxies for the vote by the Company's stockholders with respect to the Director Election Proposal, the Private Placement Proposal, the Share Authorization Proposal and the Name Change Proposal, and other matters described therein. The definitive proxy statement is expected to be mailed to the Company's stockholders on or around April 29, 2025. The Proxy Statement includes information regarding the persons who may, under Securities and Exchange Commission ("SEC") rules, be deemed participants in the solicitation of proxies in connection with the Director Election Proposal, the Private Placement Proposal, the Share Authorization Proposal and the Name Change Proposal. Before making any voting decision, investors and security holders of the Company are urged to read the Proxy Statement and all other relevant documents filed or that will be filed with the SEC in connection therewith as they become available because they contain important information about these proposals. Investors and security holders can obtain free copies of the Proxy Statement and all other relevant documents the Company has filed or will file with the SEC through the website maintained by the SEC at In addition, the documents filed by the Company may be obtained free of charge from the Company's website at or by written request to Faraday Future Intelligent Electric at 18455 S. Figueroa Street, Gardena, California 90248. Participants in the Solicitation Certain representatives of FF Global Partners Investment LLC ("FFGP"), formerly FF Top Holding LLC ("FF Top"), and its indirect parent entity FF Global Partners, LLC ("FF Global"), including, without limitation, Weiwei Zhao (collectively, the "FF Top Representatives"), may be deemed to be participants in the solicitation of proxies from FF's stockholders in connection with the Authorized Share Increase, Private Placements Proposal and other matters described in the Proxy Statement. Investors may obtain additional information regarding the interest of FF and its directors and executive officers by reading the Proxy Statement relating to the special meeting. You may obtain free copies of these documents as described in the preceding paragraph. Certain representatives of FFGP, and its indirect parent entity FF Global Partners, LLC ("FF Global"), including, without limitation, Weiwei Zhao (collectively, the "FF Top Representatives"), are additional participants in the solicitation of proxies in connection with the Director Election Proposal, the Private Placement Proposal, the Share Authorization Proposal and the Name Change Proposal, and other matters as described in the Proxy Statement. Information regarding the direct and indirect interests in the Company, by security holdings or otherwise, of FF Global, FF Top and the FF Top Representatives is included in the Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 31, 2025. Changes to the direct or indirect ownership of FF Top and FF Global are set forth in SEC filings on Schedule 13D/A. No Offer or Solicitation This communication shall not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media: Sign in to access your portfolio
Los Angeles Times
26-03-2025
- Business
- Los Angeles Times
Faraday Future Secures $41-Million Funding Commitment to Advance Faraday X and AI Strategic Upgrades
Round of financing is expected to bring the company's total fundraising to over $100 million since September 2024 Los Angeles-based Faraday Future Intelligent Electric Inc. (FF) – a global shared intelligent electric mobility ecosystem company – has announced that it has secured $41 million in new cash financing commitments. According to a recent press release, the company expects to use the net proceeds to accelerate growth and development, including for general corporate purposes, the continued advancement of the company's FX brand and the execution and advancement of strategic projects to achieve the target of rolling out the first FX vehicle by the end of 2025. Funds will also be used for AI, including research and development and testing of end-to-end autonomous driving capabilities. This financing marks FF's third funding commitment of at least $30 million in the past six months, surpassing the previous two $30-million financing rounds in September 2024 and December 2024. With this latest round of financing, the company's total committed financing over the past seven months has now exceeded $100 million. Univest Securities, LLC served as exclusive placement agent in this financing. 'This new round of funding lays a solid foundation for not only FF but also our new FX brand as it continues to make important milestones in market strategy and in product development,' said Matthias Aydt, global CEO of FF. 'I am optimistic about the opportunities that this new funding will bring, including supporting the ongoing production of our FF 91 2.0 and the growth of the FX brand in 2025.' This new financing is expected to further strengthen the company's financial stability. FF remains committed to optimizing resource allocation, enhancing cost control, improving supply chain management efficiency and further increasing overall operational effectiveness. The company will ensure the newly secured funds are strategically allocated to the core initiatives of the FX strategy, accelerating business growth, expanding market presence and enhancing long-term competitiveness. 'We appreciate our strategic partner, Univest Securities, as our exclusive placement agent in this offering, has demonstrated exceptional dedication and expertise throughout the financing process. We also appreciate FF Global Partners and Jerry Wang's support on this transaction,' said Koti Meka, CFO of FF. 'FF is consistently focused on operational efficiency and ensuring that capital is invested in the most valuable areas. The success of this financing round further strengthens our financial flexibility, enabling us to execute the FX strategy more efficiently and drive FF's long-term growth.' Information was sourced from Businesswire. For more details, contact
Yahoo
20-03-2025
- Automotive
- Yahoo
Faraday Future Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call Details
LOS ANGELES, March 20, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("FF", "Faraday Future", or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it is scheduled to report its fourth quarter and full year financial results for 2024 after market close on Thursday, March 27, 2025, and will hold an earnings call at 5:00 p.m. Pacific Time (8:00 p.m. Eastern Time) that same day. Interested investors and other parties can listen to a webcast of the conference call by logging onto the Investor Relations section of the Company's website at A replay of the webcast along with the presentation will be available on the Company's website shortly thereafter. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF91, targeting a broader market with middle-to-low price range offerings. For more information, please visit View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media: Sign in to access your portfolio
Associated Press
20-03-2025
- Automotive
- Associated Press
Faraday Future Announces First FX 6 Prototype Mules Have Arrived at its Los Angeles Headquarters; Will Begin U.S. Product Development and Testing Focusing on ADAS
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('FF', 'Faraday Future', or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today announced that its first two FX 6 camouflaged prototype mules arrived at the Company's U.S. headquarters in Los Angeles. The FX 6 concept is part of FF's broader Faraday X (FX) product strategy aimed at delivering Advanced Intelligent Electric Vehicles (AIEVs) to a mass-market audience. The camouflaged prototype mules will start an initial three-phase testing and validation in the U.S., ensuring that they meet FF's high standards for performance, technology, and user experience. This press release features multimedia. View the full release here: Faraday Future Announces First FX 6 Prototype Mules Have Arrived at its Los Angeles Headquarters; Will Begin U.S. Product Development and Testing Focusing on ADAS The FX team will begin conducting extensive evaluations, including ADAS, powertrain and performance assessment, range testing, along with intelligent cabin and user experience refinement. The FX brand is planned to target the mass market segment, advancing a new chapter in the Company's strategy. FX currently plans for up to three models: an AI-MPV product—named the Super One, the FX 5, with a price target between $20,000-$30,000, and the FX 6, with a price target between $30,000-$50,000. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF91, targeting a broader market with middle-to-low price range offerings. For more information, please visit FORWARD-LOOKING STATEMENTS This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'estimates,' 'projected,' 'expects,' 'anticipates,' 'forecasts,' 'plans,' 'intends,' 'believes,' 'seeks,' 'may,' 'will,' 'should,' 'future,' 'propose' and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the Super One, the FX 5 and the FX 6, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company's ability to secure necessary agreements to license and/or produce Super One, FX 5 or FX 6 vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate the Super One, FX 5 or FX 6 for sale in the U.S., the Middle East, or elsewhere; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warrant claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its 'at-the-market' program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors, and the other risks and uncertainties described in the 'Risk Factors' section of the Company's Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the 'Risk Factors' section of the Company's first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC. SOURCE: Faraday Future Intelligent Electric Inc. Copyright Business Wire 2025. PUB: 03/20/2025 08:50 AM/DISC: 03/20/2025 08:50 AM
