Faraday Future Intelligent Electric Inc. Announces Results of Annual Meeting of Stockholders

Faraday Future Intelligent Electric Inc. held its 2026 Annual Meeting of Stockholders on May 22, 2026, where all submitted proposals were approved. These proposals are designed to enhance the company's financial stability and accelerate its Embodied AI (EAI) Robotics strategy. Key approvals include the election of five directors, the issuance of Class A Common Stock related to promissory notes and preferred stock/warrants, an amendment to the 2021 Stock Incentive Plan to increase available shares, and an amendment to the Certificate of Incorporation to increase authorized shares of common and preferred stock. Stockholders also approved a reverse stock split proposal, with the Board retaining discretion on its implementation, primarily as a contingency to mitigate delisting risk. Additionally, the compensation of named executive officers was approved, and the frequency of advisory votes on executive compensation was set to every three years. The company also announced an increased full-year shipment target of 1,000 to 1,500 units and plans to launch a new EAI Robotics product in June. A total of $70 million in financing has been secured over the past two months.