Business
Faraday Future Provides Update on Status of SEC Filings
- Timely Filed its Q3 2021 10-Q and 2021 10-K - - Brief Expected Delay in Filing Q1 2022 10-Q - - Expects to Meet Extended Q1 2022 10-Q Filing Date - LOS
About this update from Faraday Future Intelligent Electric Inc.
[{"type":"text","content":"\n- Timely Filed its Q3 2021 10-Q and 2021 10-K -\n\n- Brief Expected Delay in Filing Q1 2022 10-Q -\n\n- Expects to Meet Extended Q1 2022 10-Q Filing Date -\n\n LOS ANGELES--(BUSINESS WIRE)--\nFaraday Future Intelligent Electric Inc. (the “Company,” “Faraday Future,” or “FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today filed a Form 12b-25 notifying the Securities Exchange Commission (“SEC”) that the Company is unable to file its Quarterly Report on Form 10-Q for the period ended March 31, 2022 (“Q1 2022 Form 10-Q\") within the prescribed time period. The Company does expect to file the Q1 2022 Form 10-Q by May 23, 2022, the extended filing date pursuant to SEC Rule 12b-25. If the Company does not file the Q1 2022 Form 10-Q by the extended filing date, the Company would likely receive a new notice of non-compliance from NASDAQ, since the Company satisfied the previous notice of non-compliance from NASDAQ with its Q3 2021 Form 10-Q and FY 2021 Form 10-K filings. As long as the Company files the Q1 2022 Form 10-Q by the extended filing date, the Company believes there is no material risk of delisting.\n\nThe delay in finalizing and filing the Company’s Q3 2021 Form 10-Q (filed on May 6, 2022), and 2021 Form 10-K (filed on May 13, 2022), adversely affected the Company’s ability to timely complete its Q1 2022 Form 10-Q. As noted above, the Company expects to file the Q1 2022 Form 10-Q on or prior to the May 23, 2022 extended filing date.\n\nThe Company expects to file its amended Registration Statement on Form S-1 (“Form S-1/A”) promptly following the filing of the Q1 2022 Form 10-Q.\n\nUsers can preorder an FF 91 Futurist model now via the FF Intelligent App or FF.com at: https://www.ff.com/us/preorder/.\n\nDownload the new FF Intelligent App at: https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture.online.\n\nABOUT FARADAY FUTURE\n\nFaraday Future is a class-defining luxury electric vehicle company. The Company has pioneered numerous innovations relating to its products, technology, business model, and user ecosystem since its inception in 2014. Faraday Future aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet, and new users...