Faraday Future effects 1-for-150 reverse stock split to maintain Nasdaq listing

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Reverse split at 1:150 effective July 24, 2026; shares outstanding drop from ~384.5M to ~2.56M.
Split intended to avoid Nasdaq delisting as bid price approached $0.10 threshold.
Company reports cumulative sales/deliveries of over 250 EAI robot units since end of February 2026.
CUSIP changes to 307359869; stock continues trading as FFAI.
Adjustments made to warrants, Series C and B preferred stock, and stock options.

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