secwatch.observer — SEC 8-K summary
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Issuer:     FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)
CIK:        0001805521
Form:       8-K
Filed at:   2023-08-25T23:59:59+00:00
Accession:  0001213900-23-070955
Event type: other
Sentiment:  negative
Materiality: 0.65
Item codes: 3.02, 3.03, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Faraday Future effects 1:80 reverse stock split and reduces authorized shares to 154.4M
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- Reverse stock split at 1:80 ratio effective 5:00 PM ET on August 25,2023; split-adjusted trading begins August 28,2023.
- Authorized common shares reduced from 1,765,000,000 to 154,437,500.
- Unregistered sale of 15,000,000 Class A common shares on August 24,2023 at 97% of VWAP.
- Warrants adjusted: every 80 warrants exercisable for 1 share at $920.00 exercise price.
- Series A Preferred Stock eliminated via Certificate of Elimination filed August 24,2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805521/000121390023070955/0001213900-23-070955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805521/000121390023070955/ea184150-8k_faraday.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-070955

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