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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): September 7, 2023
Faraday Future Intelligent Electric
Inc.
(Exact name of registrant as specified
in its charter)
Delaware |
|
001-39395 |
|
84-4720320 |
(State or other jurisdiction |
|
(Commission File Number) |
|
(I.R.S. Employer |
of incorporation) |
|
|
|
Identification No.) |
18455 S. Figueroa Street |
|
|
Gardena, CA |
|
90248 |
(Address of principal executive offices) |
|
(Zip Code) |
(424) 276-7616
(Registrant’s telephone number,
including area code)
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the
Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Class A common stock, par value $0.0001 per share |
|
FFIE |
|
The Nasdaq Stock Market LLC |
Redeemable warrants, exercisable for shares of Class A common stock at an exercise price of $11.50 per share |
|
FFIEW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01 Regulation FD Disclosure
On September 7, 2023, Faraday Future
Intelligent Electric Inc. (the “Company”) issued a press release reaffirming its commitment to safeguarding the interests
of its shareholders while driving long-term growth and value creation. A copy of the press release is attached to this Current Report
on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
The information contained in this Current
Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
(d)
Exhibits. The following exhibits are filed with this Current Report on Form 8-K:
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
FARADAY FUTURE INTELLIGENT ELECTRIC INC. |
|
|
Date: September 8, 2023 |
By: |
/s/ Jonathan Maroko |
|
Name: |
Jonathan Maroko |
|
Title: |
Interim Chief Financial Officer |
2
Exhibit 99.1
Faraday Future Reaffirms Commitment to Long-Term
Growth and Shareholder Value
Los Angeles, CA (September 7, 2023) – Faraday Future Intelligent
Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared
intelligent electric mobility ecosystem company, reaffirms its commitment to safeguarding the interests of its shareholders while driving
long-term growth and value creation. Faraday Future has recently observed a series of suspicious activities that the Company believes
suggests a coordinated effort to undermine the Company’s valuation through spreading misinformation and manipulating market sentiment.
Faraday Future firmly believes in fair and transparent market practices,
where investors can make informed decisions based on accurate and reliable information. The Company is unequivocally fully committed to
the long-term value creation and the interests of its shareholders, employees, and stakeholders.
To address this issue, Faraday Future is taking the following steps:
Increased Transparency: The Company will continue to provide
accurate and timely information via public disclosure in an effort to ensure equal access to the facts about the Company’s performance
and prospects.
Potential Legal Action: The Company plans to further investigate
and address any perceived market manipulation or misinformation activities. If the Company finds any illegal short selling, other market
manipulation or misinformation it intends to take available legal action. The Company will continue to endeavor to protect its global
investors.
Maintaining Focus on Long-Term Growth: The Company remains committed
to its core vision and ongoing innovation.
The Company urges its shareholders and the broader investment community
to remain vigilant against market manipulation and base their investment decisions on comprehensive research and due diligence.
The Company expresses its gratitude to its shareholders and stakeholders
who have been supportive over the history of the business. The trust in Faraday Future is invaluable, and the team will continue to work
tirelessly to deliver and drive long-term value.
Users can preorder an FF 91 vehicle via the FF Intelligent App or through
our website (English): https://www.ff.com/us/preorder/
or (Chinese): https://www.ff.com/cn/preorder/
Download the new FF Intelligent App: http://appdownload.ff.com
ABOUT FARADAY FUTURE
FF is the pioneer of the Ultimate Intelligent TechLuxury ultra spire
market in the intelligent EV era, and a disruptor of the traditional ultra-luxury car industry. FF is not just an EV company, but also
a software-driven company of intelligent internet AI product.
FOLLOW FARADAY FUTURE
https://www.ff.com/
https://www.ff.com/us/mobile-app/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture/
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements”
within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this
press release the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,”
“plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,”
“future,” “propose” and variations of these words or similar expressions (or the negative versions of such words
or expressions) are intended to identify forward-looking statements. These forward-looking statements involve a number of known and unknown
risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause
actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others,
that may affect actual results or outcomes include, among others: the Company’s ability to continue as a going concern and improve
its liquidity and financial position; the Company’s ability to execute on its plans to develop and market its vehicles and the timing
of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles
to market; the rate and degree of market acceptance of the Company’s vehicles; the success of other competing manufacturers; the
performance and security of the Company’s vehicles; potential litigation involving the Company; the Company’s ability to satisfy
the conditions precedent and close on the various financings described elsewhere by the Company; the result of future financing efforts,
the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; general economic and market conditions
impacting demand for the Company’s products; potential cost, headcount and salary reduction actions may not be sufficient or may
not achieve their expected results; and the ability of the Company to attract and retain employees, any adverse developments in existing
legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully
consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s
Form 10-K/A filed with the Securities and Exchange Commission (“SEC”) on August 21, 2023, and other documents filed by the
Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual
events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company does not
undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as required by law.
CONTACTS
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
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