---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-058020"
form_type: "8-K"
ticker: "FFAI"
cik: "0001805521"
company_name: "FARADAY FUTURE INTELLIGENT ELECTRIC INC."
filed_at: "2026-05-15T22:21:28+00:00"
generated_at: "2026-05-18T10:08:31.352285+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Faraday Future issues $25M in convertible notes; total $70M in 2 months, raises 2026 shipment target to 1,500 units

## Summary
- $25M aggregate principal of 8% senior convertible notes sold to institutional investors; $12.5M to operating account, $12.5M in controlled accounts.
- Combined with $45M April financing, total $70M secured over two months to fully fund Phase 1 of EAI robotics strategy by end of 2026.
- Full-year shipment target raised to 1,500 units across education, security inspection, reception/guided tours, and performance products.
- Notes convertible at initial price with $0.15528 floor, subject to adjustments; secured by deposit account control agreements; 9.99% beneficial ownership cap.
- SEC investigation closed with no penalties; founding team fully returned; company upgrading to AI-First 'Five Key Transformations' strategy.

## SEC filing metadata
- accession: 0001213900-26-058020
- form_type: 8-K
- ticker: FFAI
- cik: 0001805521
- company_name: FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- filed_at: 2026-05-15T22:21:28+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805521/000121390026058020/0001213900-26-058020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805521/000121390026058020/ea0291150-8k_faraday.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-058020
- JSON: https://secwatch.observer/filing/0001213900-26-058020.json
- Plain text: https://secwatch.observer/filing/0001213900-26-058020.txt

## Key facts
- Debt Financings
  FARADAY FUTURE INTELLIGENT ELECTRIC INC. incurred senior notes of $25 million at 8% per annum maturing one-year anniversary of the issuance date.
  - Instrument: senior notes
  - Principal: $25 million
  - Rate: 8% per annum
  - Maturity: one-year anniversary of the issuance date
  - Event: incurrence
  source text: the Company has agreed to sell, and the Investors have agreed to purchase, for an aggregate purchase price of $25 million, certain senior convertible notes in the aggregate principal amount of $25 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390026058020/0001213900-26-058020-index.htm
- Material Agreements
  FARADAY FUTURE INTELLIGENT ELECTRIC INC. entered into Securities Purchase Agreement with certain institutional investors (collectively, the "Investors") valued at $25 million (effective 2026-05-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors (collectively, the "Investors")
  - Value: $25 million
  - Effective: 2026-05-15
  source text: On May 15, 2026 (the “Signing Date”), Faraday Future Intelligent Electric Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors (collectively, the “Investors”). Pursuant to the Purchase Agreement, the Company has agreed to sell, and the Investors have agreed to purchase, for an aggregate purchase price of $25 million, certain senior convertible notes in the aggregate principal amount of $25 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390026058020/0001213900-26-058020-index.htm

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