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Faraday Future Eliminates 237,615 Potential Warrants, Continuously Optimizing Capital Structure to Support Its Robotics Strategy

Business Wire

  • The Company reached an amendment agreement with 2025 March Financing investors to terminate the obligation to issue a total of approximately 237,615 warrants avoiding nearly 40% of the potential maximum dilution from this financing round (this calculation is based on the current stock price and a $5 conversion floor price, to which the floor price has not yet been adjusted).

  • Combined with the outstanding warrants previously terminated in December 2025, all warrants from the 2025 March Financing have been cancelled. The Company continues to make steady progress in its debt restructuring and capital structure optimization efforts.

  • This amendment also concurrently completed a partial transfer of investment commitments and optimization of the remaining closing arrangements, once again demonstrating investors' clear support for the company's strategy and capital discipline.

LOS ANGELES, August 24, 2026--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global Embodied AI (EAI) ecosystem company, today announced that it has entered into an amendment agreement (the "Amendment") to the Securities Purchase Agreement ("SPA") dated March 21, 2025 ("2025 March Financing"), with all the investors party thereto, marking another step forward in the Company's debt-reduction and capital-structure optimization:

  1. Elimination of All Remaining Warrant Obligations – The Amendment eliminates the Company's obligation to issue warrants exercisable for an aggregate of 64,489 shares of Class A common stock of the Company ("Common Stock"), that were contractually required to be issued upon the remaining closings under the SPA. In addition, it eliminates the investors' right to receive common stock warrants exercisable for approximately 173,126 shares of Common Stock, in connection with the exercise of any incremental warrants, including warrants exercisable for approximately 64,489 shares of Common Stock originally issuable upon exercise of the future incremental warrants that were contractually required to be issued upon the remaining closings under the SPA, which were eliminated under the same Amendment. Collectively, approximately 237,615 potential Warrants have been permanently removed, avoiding nearly 40% of the potential maximum dilution from this financing round (this calculation is based on the current stock price and a $5 conversion floor price, to which the floor price has not yet been adjusted.)

  2. Full Reset of March 2025 Financing Warrants – Following the December 2025 negotiation in which the then-outstanding warrants were terminated (as previously disclosed in the Company's Form 8-K filed on January 2, 2026), this amendment concludes the complete elimination of all warrants originating from the March 2025 financing.

  3. Unanimous Investor Consent – All five investors have executed the amendment, which also provides for a partial assignment of investment amounts and optimizes the mechanics of the remaining closings. This marks another unequivocal vote of confidence by the investors in the Company's strategic and financial discipline.

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