---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-099308"
form_type: "8-K/A"
ticker: "FFAI"
cik: "0001805521"
company_name: "FARADAY FUTURE INTELLIGENT ELECTRIC INC."
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:27:12.162718+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Faraday Future issues super-voting preferred to CEO, flags likely bankruptcy if financings fail

## Summary
- Issued one share of Series A Preferred to CEO Matthias Aydt for $100; carries 4.5B votes on share authorization and reverse stock split proposals.
- Risk factors state company needs additional financings to continue operations; if they fail, will likely file for bankruptcy – equity holders likely receive nothing.
- Company not in compliance with Nasdaq minimum bid price ($1.00) since Nov 9, 2023; expects delisting notice; reverse stock split proposed.
- ATM program capacity limited by 'baby shelf rules' as public float <$75M; further capital raise constrained.
- Cumulative reverse split ratio at 240:1 (since Aug 2023); any further split may exceed Nasdaq's 250:1 limit.

## SEC filing metadata
- accession: 0001213900-23-099308
- form_type: 8-K/A
- ticker: FFAI
- cik: 0001805521
- company_name: FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- 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/1805521/000121390023099308/0001213900-23-099308-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805521/000121390023099308/ea190865-8ka1_faraday.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-099308
- JSON: https://secwatch.observer/filing/0001213900-23-099308.json
- Plain text: https://secwatch.observer/filing/0001213900-23-099308.txt

## Key facts
- Governance Changes
  FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Filed Certificate of Designation for Series A Preferred Stock establishing preferences, rights, and limitations (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/1805521/000121390023099308/0001213900-23-099308-index.htm

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