Faraday Future Intelligent Electric Inc. Schedules Special Meeting for February 5, 2024

TL;DR

<b>Faraday Future Intelligent Electric Inc. is holding a virtual Special Meeting on February 5, 2024, to vote on a significant increase in authorized common stock.</b>

AI Summary

FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAIW) filed a Proxy Statement (DEF 14A) with the SEC on January 10, 2024. FFIE will hold a virtual Special Meeting of Stockholders on February 5, 2024, at 9:00 a.m. Pacific Time. The meeting will include a vote on a proposal to amend the Certificate of Incorporation to increase authorized common stock from 154,437,500 to 1,389,937,500. The total number of authorized shares of common and preferred stock will increase significantly. Stockholders can attend the virtual meeting via live audio webcast at www.virtualshareholdermeeting.com/FFIE2024SM. No in-person attendance will be permitted for the Special Meeting.

Why It Matters

For investors and stakeholders tracking FARADAY FUTURE INTELLIGENT ELECTRIC INC., this filing contains several important signals. The proposed increase in authorized shares is a critical step for the company's future financing and operational flexibility. Shareholder approval is required to enable FFIE to potentially raise capital or issue equity for strategic initiatives.

Risk Assessment

Risk Level: medium — FARADAY FUTURE INTELLIGENT ELECTRIC INC. shows moderate risk based on this filing. The company's ability to execute its business plan is highly dependent on its ability to secure future financing, which is directly impacted by the outcome of this share authorization vote.

Analyst Insight

Stockholders should carefully consider the implications of the proposed increase in authorized shares on their ownership dilution and the company's future capital-raising potential.

Key Numbers

• 2024-02-05 — Special Meeting Date (Date of the Special Meeting of Stockholders)
• 1,389,937,500 — Proposed Authorized Common Shares (Target number of authorized common shares after amendment)
• 154,437,500 — Current Authorized Common Shares (Existing number of authorized common shares)

Key Players & Entities

• FARADAY FUTURE INTELLIGENT ELECTRIC INC. (company) — Registrant
• February 5, 2024 (date) — Date of Special Meeting
• 1,389,937,500 (dollar_amount) — Proposed increase in authorized common shares
• 154,437,500 (dollar_amount) — Current authorized common shares
• www.virtualshareholdermeeting.com/FFIE2024SM (company) — Virtual Meeting URL

FAQ

Risk Factors

• Ability to Continue as a Going Concern [high — financial]: The company has a history of losses and negative cash flows, raising substantial doubt about its ability to continue as a going concern.
• Need for Additional Financing [high — financial]: The company will require significant additional capital to fund its operations, product development, and commercialization efforts.
• Production and Delivery Challenges [high — operational]: The company faces significant challenges in scaling up production and delivering vehicles to customers.

Key Dates

• 2024-02-05: Special Meeting of Stockholders — Vote on amendment to increase authorized shares.

Glossary

DEF 14A

Definitive Proxy Statement filed with the SEC. (Provides detailed information about matters to be voted on by shareholders.)

Common Stock

Represents ownership in the company. (The increase in authorized shares directly impacts the potential dilution of existing common stock.)

Certificate of Incorporation

The foundational document of a corporation, outlining its structure and powers. (An amendment is proposed to alter the company's capital structure.)

Key Financial Figures

• $0.0001 — f the Company's common stock, par value $0.0001 per share, of the Company ("Common Stoc

Filing Documents

• edge20018416x1_def14a.htm (DEF 14A) — 759KB
• edge20018416x1_pc1.jpg (GRAPHIC) — 798KB
• edge20018416x1_pc2.jpg (GRAPHIC) — 1012KB
• logo_faradayfieinc.jpg (GRAPHIC) — 12KB
• 0001140361-24-001722.txt (&nbsp;) — 3269KB

Security Ownership of certain Beneficial Owners and Management

Security Ownership of certain Beneficial Owners and Management 33 Other Matters 35 Expenses of Solicitation 35 Householding 35 i TABLE OF CONTENTS FARADAY FUTURE INTELLIGENT ELECTRIC INC. 18455 S. Figueroa Street Gardena, California 90248 SPECIAL MEETING OF STOCKHOLDERS TO BE HELD ON FEBRUARY 5, 2024 PROXY STATEMENT INTRODUCTION This proxy statement (this "Proxy Statement") and the accompanying proxy card are being furnished to stockholders of Faraday Future Intelligent Electric Inc., a Delaware corporation ("FF," the "Company," "our," "us," or "we"), in connection with the solicitation of proxies by our board of directors (the "Board") for use at our Special Meeting of Stockholders to be held February 5, 2024 (including any adjournment, postponement or rescheduling thereof, the "Special Meeting"). The Special Meeting will be held at 9:00 a.m. Pacific Time. In light of our successful virtual stockholder meetings in the past, which allowed for greater participation by our stockholders, we have determined that the Special Meeting will be held in a virtual meeting format only, via live audio webcast. Stockholders will not be able to attend the Special Meeting in person. To attend the Special Meeting, please visit www.virtualshareholdermeeting.com/FFIE2024SM. The live audio webcast will begin promptly at 9:00 a.m. Pacific Time, with online access beginning at 8:45 a.m. Pacific Time. You will be able to vote and submit questions online through the virtual meeting platform during the Special Meeting. Only stockholders of record as of the close of business on December 21, 2023, the record date for determination of the stockholders entitled to vote at the Special Meeting (the "Record Date"), will be entitled to vote at the Special Meeting. INFORMATION ABOUT THE SPECIAL MEETING Why is the Company holding a Special Meeting of Stockholders? The Board has called this Special Meeting of the Company's stockholders to vote on five proposals (each of which

View Full Filing

View this DEF 14A filing on SEC EDGAR