Faraday Future Intelligent Electric (FFIE) Registration Filing summary

Company overview and business model

• Designs and manufactures next-generation intelligent, connected electric vehicles, with operations in the U.S., China, and the Middle East.

• Focuses on luxury and performance EVs, integrating advanced AI and bespoke user experiences.

• Employs a user-centered business model and is expanding into crypto and Web3-related businesses via a majority stake in AlxCrypto Holdings.

• Operates as a holding company with principal operations through U.S. and PRC subsidiaries.

Financial performance and metrics

• Raised over $100 million in capital since September 2024, with positive net cash flow in Q3 and Q4 2024.

• As of December 3, 2025, 171,920,799 shares of Class A Common Stock were outstanding.

• Ongoing financing rounds in 2025 included $41 million (March), $30 million (December), and $82 million (July) in convertible notes and warrants.

• Significant dilution risk from conversion of outstanding notes and warrants.

Use of proceeds and capital allocation

• Proceeds from the exercise of incremental warrants (if exercised for cash) will be used for working capital and general corporate purposes.

• No proceeds will be received from the resale of shares by selling securityholders.

• Capital raised supports core business operations, FX strategy ramp-up, and expansion into new markets.