Faraday Future Intelligent Electric (FFIE) Investor update summary

Transaction and financing

• Signed definitive all-stock agreement for the full EAI robotics ecosystem at a ~$200M valuation; consideration priced at $2.246/share, or ~89M shares including assumed robotics-team options.

• The $2.246 issuance price was ~50% above the Oct. 12 close of $1.50; FFR’s fully diluted equity value was set at ~$60M.

• Common-stock-only PIPE of up to $10M at $1.50/share, with no warrants or discount; the acquisition is not conditioned on PIPE funding.

• Transaction would place the robotics business in a separately listed Nasdaq entity; closing was expected by end-October 2026 and remains subject to conditions and regulatory approvals.

• Independent directors’ special committees approved the terms, supported by an independent fairness opinion.

Operating progress

• Cumulative shipments reached 817 through September 2026, with positive gross margin on each unit; monthly shipments rose from 22 in March to a record 265 in September.

• Q2 average product gross margin exceeded 30%, first-half gross margin was ~31%, and cumulative revenue was ~$1.52M.

• EAI Brain and Developer Platform reported 100% deployment, ~100 skills and 200 developers; Data Factory captured 2,100 data hours/month in August, targets 20,000 by year-end, and had generated $400,000+ in data revenue.

• RoboShare’s ~$33,000 one-year education rental preceded a signed 23-robot order across three models; rental value is not recognized platform revenue.

• Product portfolio spans three form factors and five series, with products ranging from $1,990 to $137,900.

Growth outlook

• Management’s standalone plan targets 2,001 units and $7.1M revenue in 2026, followed by 7,400 units and $45.2M revenue in 2027; ~1,200 additional units were targeted for Q4 2026.

• 2030 targets include 60,000 units, $1.064B revenue, 54% gross margin and $361M EBITDA; cumulative 2026–2030 shipments are projected at 134,000 units and revenue at ~$1.98B.

• Quarterly operating cash flow is projected to turn positive in Q3 2028, with peak pre-financing funding needs of $149.8M; five-year plans include ~$98M capital spending and ~$300M R&D investment.

• Ecosystem and software revenue share is projected to rise from 22% in 2026 to 49% in 2030; U.S. production at Hanford is planned from February 2027.

• Projections are unaudited, unverified standalone management targets, not guidance; actual results may differ materially.