secwatch.observer — SEC 8-K summary
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Issuer:     FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)
CIK:        0001805521
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001213900-24-010694
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FFIE shareholders approve 9x increase in authorized shares and 1-for-3 reverse stock split
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- Authorized common shares increased from ~154M to ~1.39B; total authorized shares (common + preferred) now ~1.4B.
- 1-for-3 reverse stock split approved; Board may implement within one year.
- Certificate of Elimination filed for Series A Preferred Stock after automatic redemption of all outstanding shares.
- Stockholders approved share issuance to Streeterville Capital under existing securities purchase agreement.
- Salary-deduction share purchase program for employees approved; all proposals passed with strong support.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805521/000121390024010694/0001213900-24-010694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805521/000121390024010694/ea192788-8k_faraday.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-010694

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