From March through June, cumulative shipments of FF EAI robots reached 242 units, exceeding the original target of 220 units. The Company has raised its full-year shipment target again from 1,500 to 2,000 units.
The Company has attracted significant attention from the robotics industry, future partners, customers, developers, and coverage in multiple top-tier media outlets as it recently showcased the complete lineup for the Six-Series full-form FF EAI Robot World, launched its new mobile manipulator, completed the second-half launch of the all-new Futurist, and gave a preview of FF's EAI Robotics Industrial Ecosystem.
The approval of the Private Placement Proposal will help the Company meet its contractual obligations and help support the EAI Robotics capacity ramp-up. The Company targets to improve its cash flow structure through scalable deliveries with positive product gross margin, gradually shifting from financing-driven to operating cash flow-driven.
LOS ANGELES, July 02, 2026--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future," "FF" or the "Company"), a California-based global Embodied AI (EAI) ecosystem company, today announced that it plans to hold a Special Meeting of stockholders (the "Special Meeting") on August 12, 2026, to seek approval for proposals aimed at supporting the Company's Global EAI Robotics World strategic execution and long-term growth.
The Company's Board of Directors (the "Board") urges all stockholders to vote FOR all proposals.
Proposal Highlights:
Private Placement Proposal
Approval of the issuance of Common Stock to the holders of certain convertible notes, in accordance with Nasdaq Listing Rule 5635(d).
Approval of the Private Placement Proposal would help the Company meet its contractual obligations and support future capital raising efforts, driving business growth and enhancing stockholder value.
Name Change Proposal
Approval of an amendment to the Company's Third Amended and Restated Certificate of Incorporation to change the Company's name from Faraday Future Intelligent Electric Inc. to Faraday Future Physical AI Ecosystem Inc.
The proposed name change reflects the Company's strategic evolution and increased focus on integrating artificial intelligence (AI) into its core technologies, including EAI Device systems, EAI Brain and user experiences. The new name aligns with the Company's vision and the Company's ticker symbol, FFAI, reinforcing a unified brand identity.
Adjournment Proposal
To approve one or more adjournments of the Special 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 Special Meeting to approve one or more Proposals at the time of such adjournment or if otherwise determined by the chairperson of the Special Meeting to be necessary or appropriate.