Faraday Future sells 1 Series A preferred share to Chairman Wang for $100, carrying 500M votes on reverse split

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Company issued 1 share of newly designated Series A Preferred Stock to Executive Chairman Jiawei Wang for $100 on Nov. 4, 2026; closing completed the same day.
The share carries 500,000,000 votes, votable only on the reverse stock split proposal and cast in the same proportion as Common Stock votes actually cast.
Approval threshold changed: previously a majority of Common, Series B and Series C voting power; now the Series A share votes together with them as a single class.
Abstentions and broker non-votes no longer effectively count against the reverse split; the Series A share votes only if one-third of Common shares are present at the meeting.
Share is non-convertible, pays no dividends, ranks ahead of Common for $100 in liquidation, and is automatically redeemed for $100 upon stockholder approval of the reverse split.

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