Faraday Future terminates 5.36M warrants, amends July 2025 financing to accelerate funding

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Terminated warrants for 5,359,525 shares; cumulative cancellations ~49.9M shares since 2025.
Amended July 2025 SPA: second closing split into eight closings, each after $5M additional funding.
Certain investors no longer receive warrants in subsequent closings; VWAP condition removed.
Actions reduce potential dilution and simplify capital structure.
Company at critical stage scaling robotics Three-in-One business.

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