Faraday Future Intelligent Electric Inc. Form 8-K Filing

On August 31, 2026, Faraday Future Intelligent Electric Inc. entered into incremental warrant termination agreements with holders of certain outstanding incremental warrants. These agreements, stemming from a March 21, 2025 securities purchase agreement, mutually terminate warrants that were exercisable for convertible promissory notes, common stock purchase warrants, and Series B preferred stock. This action is expected to reduce the Company's debt and improve its capital structure by permanently removing potential dilution. Specifically, 21,021,369 incremental warrants have been cancelled, which could have resulted in approximately 45% dilution. This, combined with a prior amendment eliminating future warrant issuances, has led to the cancellation of all common and incremental warrants under the March 2025 SPA. The company estimates this eliminates approximately 57.48% of the potential dilution associated with the March 2025 financing, positively impacting the balance sheet by reducing liabilities by approximately $5.794 million.