secwatch.observer — SEC 8-K summary
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Issuer:     FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)
CIK:        0001805521
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0001213900-22-081792
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Faraday Future appoints Jie Sheng to board; FF 91 production conditional on $150-170M funding
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- Lee Liu resigned from board; Jie Sheng appointed effective Dec 18, 2022, as designee of largest stockholder FF Top.
- Sheng is Head of Operations & Finance Director of FF Global Partners LLC, FF Top's affiliate.
- FF expects to start production of saleable FF 91 Futurist by end of March 2023, deliveries by end of April.
- Production launch conditioned on securing $150-170M additional funding and stockholder approval to increase authorized shares.
- Company completed manufacturing milestone #6 (vehicle assembly construction/equipment installation), 6 of 7 milestones to SOP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805521/000121390022081792/0001213900-22-081792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805521/000121390022081792/ea170641-8k_faraday.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-081792

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