Faraday Future effects 1-for-80 reverse stock split, reduces authorized shares to ~154M

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Reverse stock split at 1:80 ratio effective 5:00 p.m. ET on Aug 25, 2023; trading begins split-adjusted on Aug 28.
Authorized common shares reduced from 1.765B to 154,437,500 following stockholder approval.
Unregistered sale of 15M shares to YA II PN, Ltd. at 97% of VWAP for 3-day period starting Aug 22.
Certificate of Elimination filed for Series A Preferred Stock after redemption; no outstanding shares.
Public warrants (FFIEW) adjusted: every 80 warrants now exercisable for one share at $920.

item 3.02 item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Certificate of Amendment filed to effect a 1-for-80 reverse stock split and reduce authorized common shares to 154,437,500 (effective 2023-08-25).

Change: charter amendment
Effective: 2023-08-25

Exact text from the filing

On August 24, 2023, the Company filed the Third Amended and Restated Certificate of Incorporation of the Company (“Certificate of Amendment”) with the Secretary of State of the State of Delaware to effect a reverse stock split at a ratio of 1:80

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Certificate of Elimination filed to remove designation of Series A Preferred Stock and restore the share to authorized but unissued preferred stock (effective 2023-08-24).

Change: charter amendment
Effective: 2023-08-24

Exact text from the filing

On August 24, 2023, prior to the Company’s filing of the Certificate of Amendment with the office of the Secretary of State of the State of Delaware, the Company filed a Certificate of Elimination

View on SEC.gov

13 governance changes filed in the last 30 days. Browse all governance changes →

FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-071438

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