Faraday Future amends March SPA: splits final closing, cancels warrant issuances

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

On Aug 20, 2026, amended March 21, 2025 securities purchase agreement with investors; fourth closing split into two final closings.
Eliminates obligation to issue Common Warrants and Incremental Warrants at remaining closings; outstanding Incremental Warrants also amended to drop warrant issuances.
Remaining Note Commitment Amount reallocated among investors per new Schedules II/III.
A&R Notes conversion price set to 100% of Closing Bid Price only at final closing, stockholder approval, or registration effectiveness.
March financing totals $41M (approx. $39.5M cash + $1.5M loan conversion); first three closings completed, final closings pending.

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