Faraday Future Files Definitive Proxy Statement
Ticker: FFAIW · Form: DEF 14A · Filed: Jul 5, 2024 · CIK: 1805521
Sentiment: neutral
Topics: proxy-statement, corporate-governance, shareholder-meeting
Related Tickers: FFIE
TL;DR
FFIE proxy filing is in, shareholders vote soon.
AI Summary
Faraday Future Intelligent Electric Inc. filed a definitive proxy statement (DEF 14A) on July 5, 2024, for its fiscal year ending December 31, 2024. The company, formerly known as Property Solutions Acquisition Corp. until March 4, 2020, is involved in the manufacturing of motor vehicles. The filing is related to the solicitation of proxies for its upcoming shareholder meeting.
Why It Matters
This filing provides shareholders with crucial information regarding upcoming votes and company matters, allowing them to make informed decisions about their investment.
Risk Assessment
Risk Level: medium — Proxy statements often precede significant corporate events or shareholder votes, which can introduce volatility.
Key Numbers
- 001-39395 — SEC File Number (Identifies the company's filings with the SEC.)
Key Players & Entities
- FARADAY FUTURE INTELLIGENT ELECTRIC INC. (company) — Registrant
- Property Solutions Acquisition Corp. (company) — Former Company Name
- 20240705 (date) — Filing Date
- 20240731 (date) — Period of Report
- 1231 (date) — Fiscal Year End
FAQ
What is the purpose of this DEF 14A filing?
The purpose of this DEF 14A filing is to provide shareholders with information and solicit their proxies for an upcoming shareholder meeting.
When was Faraday Future Intelligent Electric Inc. formerly known as?
Faraday Future Intelligent Electric Inc. was formerly known as Property Solutions Acquisition Corp. until March 4, 2020.
What is the fiscal year end for Faraday Future Intelligent Electric Inc.?
The fiscal year end for Faraday Future Intelligent Electric Inc. is December 31 (1231).
What is the SEC file number for this filing?
The SEC file number for this filing is 001-39395.
On what date was this definitive proxy statement filed?
This definitive proxy statement was filed on July 5, 2024 (20240705).
Filing Stats: 4,223 words · 17 min read · ~14 pages · Grade level 13.5 · Accepted 2024-07-05 16:05:43
Key Financial Figures
- $0.0001 — Class A common stock, par value $0.0001 per share (the “Class A C
Filing Documents
- ea0208320-02.htm (DEF 14A) — 1818KB
- tfaraday_logo.jpg (GRAPHIC) — 62KB
- tproxy_001.jpg (GRAPHIC) — 1317KB
- tproxy_002.jpg (GRAPHIC) — 1484KB
- 0001213900-24-059551.txt ( ) — 5764KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT   31 DELINQUENT SECTION 16(A) REPORTS   33 INFORMATION ABOUT OUR EXECUTIVE OFFICERS   34 PROPOSAL 2: RATIFICATION OF APPOINTMENT OF MGO AS FF’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024   35 Change in Independent Registered Public Accounting Firm   35 Principal Accounting Fees and Services   35 Pre-Approval Policy   36 Voting Requirements   36 Recommendation   36 AUDIT COMMITTEE REPORT   37 PROPOSAL 3: APPROVAL OF THE SHARE AUTHORIZATION PROPOSAL   38 Proposal   38 Voting Requirements   38 Recommendation   39 iii Table of Contents   Page PROPOSAL 4: APPROVAL OF THE REVERSE STOCK SPLIT PROPOSAL   40 Reasons for Reverse Stock Split Proposal   40 Reasons for the Authorized Shares Reduction   42 Certain Risks Associated with the Reverse Stock Split   42 If the Reverse Stock Split Proposal is Not Approved   43 If the Reverse Stock Split Proposal is Approved   43 Reservation of Right to Abandon Reverse Stock Split   46 Interests of Directors and Executive Officers   46 Proposal   46 Voting Requirements   46 Recommendation   46 PROPOSAL 5: APPROVAL OF THE 2021 PLAN PROPOSAL   47 Request for Additional Shares of Class A Common Stock   47 Purpose of the 2021 Plan   47 Description of the 2021 Plan   47 Federal Income Tax Consequences   52 New Plan Benefit   53 Historical Equity Awards Table   54 Equity Compensation Plan Information   54 Proposal   54 Voting Requirements   54 Recommendation   54 PROPOSAL