Faraday Future Announces Capital Value Restoration Plan with $5 Conversion Floor and Robotics Financing Exploration

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Sets minimum conversion price floor of $5.00 per share for all existing convertible notes to limit dilution.
Plans weekly disclosures on convertible note conversions and debt reduction progress for transparency.
Aims to explore standalone equity financing for its robotics business, including potential public listing.
Targets reducing total liabilities from $230 million to under $100 million within four quarters.
Intends to allocate majority of new funds to robotics development rather than historical debt repayment.

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