---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-098957"
form_type: "8-K"
ticker: "FFAI"
cik: "0001805521"
company_name: "FARADAY FUTURE INTELLIGENT ELECTRIC INC."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:59:07.250593+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CEO buys preferred share with 4.5B votes; company warns of bankruptcy, Nasdaq delisting risk

## Summary
- CEO Matthias Aydt purchased one Series A Preferred share for $100 with 4.5B votes, to be cast in proportion to common stock on key proposals.
- Company warns it may file for bankruptcy if it cannot complete financings; public float <$75M limits ATM program.
- Not compliant with Nasdaq minimum bid price of $1.00 since Nov 9, 2023; faces potential delisting.
- Board approved 1-for-3 reverse stock split proposal to regain compliance, subject to stockholder vote.
- Company lacks sufficient authorized shares to satisfy convertible note conversions; needs shareholder approval for share increase.

## SEC filing metadata
- accession: 0001213900-23-098957
- form_type: 8-K
- ticker: FFAI
- cik: 0001805521
- company_name: FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805521/000121390023098957/0001213900-23-098957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805521/000121390023098957/ea190548-8k_faraday.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-098957
- JSON: https://secwatch.observer/filing/0001213900-23-098957.json
- Plain text: https://secwatch.observer/filing/0001213900-23-098957.txt

## Key facts
- Governance Changes
  FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Filing of Series A Certificate of Designation establishing preferences, rights, and limitations of Series A Preferred Stock (effective 2023-12-21).
  - Change: charter amendment
  - Effective: 2023-12-21
  source text: On December 21, 2023, in connection with the Purchase Agreement, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Series A Preferred Stock (the “Series A Certificate of Designation”) with the Secretary of State of the State of Delaware.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390023098957/0001213900-23-098957-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.