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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 8, 2023
Faraday Future Intelligent Electric Inc.
(Exact name of registrant as specified
in its charter)
Delaware |
|
001-39395 |
|
84-4720320 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
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 8, 2023, Faraday
Future Intelligent Electric Inc. (the “Company”) issued a press release announcing that its FF 91 2.0 Futurist Alliance
set a new lap record at Buttonwillow Raceway. 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 11, 2023 |
By: |
/s/ Jonathan Maroko |
|
Name: |
Jonathan Maroko |
|
Title: |
Interim Chief Financial Officer |
2
Exhibit
99.1
FF
91 2.0 Futurist Alliance Sets a New Lap Record in its Class at Buttonwillow Raceway Park
| ● | On
September 7th, the FF 91 2.0 Futurist Alliance broke the fastest lap record in the SUV and
Crossover categories as an All Ability aiHypercar at the world-renowned Buttonwillow Raceway
Park, located north of Los Angeles, CA. |
| ● | The
FF 91 2.0 Futurist Alliance also recently set a remarkable new record in its class at Willow
Springs on June 6th, achieving the fastest lap time of 1 minute and 35 seconds
among ultimate luxury production EVs weighing over 6,000 pounds. |
| ● | The
Company launched the FF All-Hyper Global Racetrack Conqueror Plan during the “Developer
Co-Creation Festival” at Pebble Beach last month. |
| ● | The
Company will hold a customized FF 91 2.0 Futurist Alliance “Delivery Co-Creation Day”
for each spire user and FF Developer Co-Creation Officer that takes possession of the FF
91 2.0 Futurist Alliance during the month of September. |
Los Angeles,
CA (Sept. 8, 2023) -- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF”
or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that on
September 7th, the FF 91 2.0 Futurist Alliance broke the fastest lap record in the SUV and Crossover categories as an All Ability aiHypercar
at the Buttonwillow Raceway, located in Buttonwillow, CA. The FF 91 2.0 Futurist Alliance completed a single lap test (on Circuit #13)
in 1 minute 57.55 seconds, which is more than a second faster than the previous fastest SUV record . After a new record was recorded
on June 6th at the “FF Developer Co-creation Track Day” at Willow Springs Speedway, FF improved the product power of the
FF 91 2.0 Futurist Alliance with FF Developer Co-Creation Officers resulting in the record set yesterday on the Buttonwillow racetrack.
A video
of the Buttonwillow lap can be seen here: https://youtu.be/94XVEhkAGDA
“This newest track record at Buttonwillow reinforces FF’s determination to conquer some of the world’s most famous
racetracks,” said YT Jia, Founder and Chief Product and User Ecosystem Officer of FF. “We have officially kicked-off the
FF All-Hyper Global Racetrack Conqueror Plan. The Company believes that the racing elites the Company hopes to recruit will help FF promote
the iterations and upgrades of the “FF aiHyper 6X4 Architecture 2.0” and “All-Ability aiHyperCar” and contribute
to the continuous advancements of all of the performance capabilities of the FF 91.”
The Company
recently launched the FF All-Hyper Global Racetrack Conqueror Plan during the “Developer Co-Creation Festival” at Pebble
Beach last month. The FF All Hyper Global Racetrack Conqueror Plan is a race tailored for the production version of “All-Ability
aiHypercars”. The Company has invited Le Mans champion Justin Bell and five-time Le Mans 24 hours race champion Derek Bell to become
FF Developer Co-Creation Officers and lend their expertise to help the Company with this plan. The Company intends to continue to invite
additional racing elites to join this initiative.
The Company
is currently planning a number of FF 91 Futurist Alliance “Delivery Co-Creation Day” events for its newest users. This delivery
program entails hosting a series of customized delivery events for each of these FF Developer Co-Creation Officers.
As previously
announced, one of the Company’s first Developer Co-Creation officers, Jason Oppenheim, will receive his FF 91 2.0 Futurist Alliance
and engage in a discussion next week about the trends found in luxury homes, and top-tier electric vehicles. He will also highlight the
“Magic All-In-One” and other FF 91 2.0 Futurist Alliance key features.
The Company
plans to hold other customized Delivery Co-Creation events for FF 91 2.0 Futurist Alliance owners throughout the remainder of this year.
In addition, as previously announced, the Company will hold a “FF Developers Co-Creation AI Festival” on September 19th.
This series
of “Delivery Co-Creation Day” events marks the Company’s formal entry into the regular operation phase for sales, delivery,
service, and user operations. Importantly, the Company is now positioned to pursue additional funding opportunities to enable the ramp
of its production capacity to support the delivery of more vehicles.
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, which include statements regarding the Company’s expectations regarding the “Co-Creation
Delivery Day” program, 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.
Investors
(English): ir@faradayfuture.com
Investors
(Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
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