Faraday Future issues Series A Preferred with 3B votes to secure share authorization

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Issued one share of Series A Preferred to CEO Matthias Aydt for $100; carries 3,000,000,000 votes.
Preferred votes only on Share Authorization Proposal; mirrors common stock votes excluding abstentions.
Share Authorization Proposal now requires majority of common, Series B, and Series A voting together.
Preferred is non-convertible, no dividends, redeemable at $100 after stockholder approval.
Transfer restricted before proposal approval; voting contingent on at least 1/3 common stock quorum.

item 1.01 item 5.03 item 3.02 item 3.03 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.: Filed Series A Certificate of Designation designating one share of Series A Preferred Stock with specified preferences, rights, and limitations (effective 2025-04-17).

Change: charter amendment
Effective: 2025-04-17

Exact text from the filing

On April 17, 2025, 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.

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

FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-25-033425

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