- Upon mutual agreement with the investors, the Company terminated warrants to purchase an aggregate of 5,359,525 shares of Class A common stock — a reflection of the investors' firm support for FF's strategy and business.
- Following the termination of warrants covering 44,551,199 shares in December 2025, the Company has cumulatively eliminated warrants covering approximately 49.9 million shares, significantly reducing potential dilution and simplifying its capital structure.
- The Company amended the securities purchase agreement dated July 14, 2025, with the intent of optimizing the closing structure and accelerating the pace of funding, and the Company will no longer issue warrants to certain of the investors in future subsequent closings, further limiting potential dilution and helping reduce the Company's potential liabilities.
- At a critical stage of scaling its robotics Three-in-One business, the Company will continue to optimize its balance sheet structure and select the financing approaches best suited to the Company, laying a foundation for unlocking the Company's long-term value and introducing strategic investors.
Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) ("Faraday Future," "FF" or the "Company"), a global Embodied AI (EAI) ecosystem company headquartered in California, today announced two initiatives that further strengthen the Company's capital structure and enhance its capital efficiency.
First, the Company entered into warrant termination agreements with two investors, pursuant to which warrants to purchase an aggregate of 5,359,525 shares of Class A common stock have been irrevocably cancelled and terminated. Together with the warrants covering 44,551,199 shares terminated in December 2025, the Company has cumulatively eliminated warrants covering approximately 49.9 million shares, meaningfully reducing its warrant overhang and future potential dilution. These actions reflect the investors' firm support for FF's strategy and business and lay a foundation for unlocking the Company's long-term value and introducing strategic investors.