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Faraday Future Announces the Upcoming Special Meeting to Enable Rapid Execution of the Second Chapter of the Bridge Strategy and Adhere to Prudent Issuance Commitment Through Key Proposals
Since Founder, YT Jia was appointed as the Co-CEO in April, FF has achieved a major leap in both operational and capital fundamentals, market confidence has
About this update from Faraday Future Intelligent Electric Inc.
[{"type":"text","content":"Since Founder, YT Jia was appointed as the Co-CEO in April, FF has achieved a major leap in both operational and capital fundamentals, market confidence has rebounded significantly and the Company’s market capitalization has increased by nearly 300%. Another of his key initiatives is to firmly oppose a “Reverse Stock Split”, reflecting the Company’s “Stockholders First” philosophy.FF has been added to the Russell 3000 Index. Institutional investors, including BlackRock and Vanguard, have continually increased their positions substantially. The proposed 39% increase in total authorized shares reflects the Company’s disciplined and prudent commitment to low-percentage issuance and stockholder protection. Combined with remaining available shares, the primary purpose is to meet the future share issuance obligations under the recently announced $105 million financing and to facilitate the rapid execution of the Second Chapter of the Bridge Strategy, which we expect will be announced on August 16th at Pebble Beach.The approval of key proposals will also support the first FX vehicle rolling off the line by the end of this year.After the initial product launch on July 17th, the FX Super One has cumulatively secured over 10,000 paid pre-orders and commenced the trial production phase at its Hanford, CA, factory. LOS ANGELES, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future” or the “Company”) today announced that it plans to hold a Special Meeting of Stockholders (the “EGM”) on September 19, 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： 1. Share Authorization ProposalApproval of an amendment to the Company’s Third Amended and Restated Certificate of Incorporation, as amended (the “Charter”) to increase the number of authorized shares of Common Stock by 65,225,672, from 167,245,313 to 232,470,985, representing a 39% increase, and increase the number of authorized shares of the Company’s Preferred Stock, by 5,031,000 shares, from 12,900,000 to 17,931,000, so that the total number of authorized shares, including Common Stock and Preferred Stock, will increase from 180,145,313 shares to 250,401,985 shares. The proposal does not affect the cur...