secwatch.observer — SEC 8-K summary
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Issuer:     FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)
CIK:        0001805521
Form:       8-K/A
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001213900-23-071438
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805521/000121390023071438/0001213900-23-071438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805521/000121390023071438/ea184366-8ka1_faraday.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-071438

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