Faraday Future eliminates 237,615 potential warrants, cutting dilution ~40% from March 2025 financing

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Amendment with all five 2025 March Financing investors terminates obligation to issue 64,489 warrants and eliminates rights to ~173,126 more, totaling 237,615.
All warrants from March 2025 financing now cancelled, following December 2025 termination of outstanding warrants.
Avoids nearly 40% of potential maximum dilution based on current stock price and $5 conversion floor price.
Amendment also includes partial assignment of investment amounts and optimizes remaining closings; investors show support.
Executive Chairman Jerry Wang says move clears dilution overhang and supports capital value restoration.

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