Faraday Future Intelligent Electric (FFIE) Proxy filing summary

Executive summary

• Announced $45 million financing from a U.S. institutional investor to accelerate EAI robotics and EV business, with all funds received immediately.

• Financing is structured to minimize dilution and is considered the most favorable in recent years.

• Funds will support the Three-in-One EAI ecosystem strategy, focusing on robotics and phased delivery of FX Super One.

• Investor has expressed interest in a long-term strategic partnership.

• Recent closure of SEC investigation with no enforcement action has improved capital market confidence.

Voting matters and shareholder proposals

• Proposal to increase authorized shares by 45% (about 140 million), with 120 million reserved for financing and incentives.

• Reverse stock split proposal is positioned as a last-resort measure to maintain Nasdaq listing compliance.

• Shareholder approval required for issuance of shares exceeding 19.99% of outstanding Class A common stock.

Board of directors and corporate governance

• Newly constituted Board of Directors with appointments of Jerry Wang and Lucky Jiang as executive directors.

• Management team undergoing significant restructuring, with details to be disclosed after Board approval.

• Organizational changes aim to improve business performance and strengthen Board oversight.