1 unchanged sentence
Market Information
−Removed: FF’s shares of Class A Common Stock and Public Warrants are currently listed on Nasdaq under the symbols “FFIE” and “FFIEW,” respectively.
−Removed: Prior to the consummation of the Business Combination, our Common Stock and warrants were listed on Nasdaq under the symbols “PSACU,” “PSAC,” and “PSACW,” respectively.
−Removed: There is no established public trading market in the Class B Common Stock.
−Removed: As of May 17, 2024, there were 427 holders of record of our Class A Common Stock, one holder of record of our Class B Common Stock, one holder of record of our Public Warrants and one holder of private warrants.
+Added: The Company’s shares of Class A Common Stock and Public Warrants are currently listed on Nasdaq under the symbols “FFAI” and “FFAIW,” respectively.
+Added: Prior to the consummation of the Business Combination, its units, Common Stock and warrants were listed on Nasdaq under the symbols “PSACU,” “PSAC,” and “PSACW,” respectively.
+Added: Prior to the ticker change to “FFAI” on March 10, 2025, the Company’s Common Stock and warrants were listed on Nasdaq under the symbols “FFIE,” and “FFIEW”.
+Added: The re is no established public trading market in the Class B Common Stock.
+Added: As of March 28, 2025, there were 443 holders of record of the Company’s Class A Common Stock, and one holder of record of its Class B Common Stock, three holders of record of its Public Warrants.
Dividend Policy
−Removed: FF has not paid any cash dividends on our Class A Common Stock or the warrants to date.
+Added: The Company has not paid any cash dividends on its Class A Common Stock or the warrants to date.
The Board may from time to time consider whether or not to institute a dividend policy.
−Removed: It is our present intention to retain any earnings for use in our business operations and accordingly, we do not anticipate the Board declaring any dividends for the foreseeable future.
−Removed: The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition.
+Added: It is the Company’s present intention to retain any earnings for use in its business operations and accordingly, the Company does not anticipate the Board declaring any dividends for the foreseeable future.
+Added: The payment of cash dividends in the future will be dependent upon the Company’s revenues and earnings, if any, capital requirements and general financial condition.
The payment of any cash dividends will be within the discretion of the Board.
−Removed: Further, our ability to declare dividends will also be limited by restrictive covenants contained in our debt agreements.
+Added: Further, the Company’s ability to declare dividends will also be limited by restrictive covenants contained in its debt agreements.
Securities Authorized for Issuance Under Equity Incentive Plan
−Removed: At the special meeting of PSAC’s stockholders held on July 20, 2021, the stockholders of the Company considered and approved the Faraday Future Intelligent Electric Inc.
−Removed: 2021 Stock Incentive Plan (the “Incentive Plan”).
−Removed: The Incentive Plan was previously approved, subject to stockholder approval, by the PSAC board of directors.
−Removed: Pursuant to the Incentive Plan, 1,067,189 shares of Class A Common Stock have been reserved for issuance under the Incentive Plan.
−Removed: The following table sets forth information as of December 31, 2023 (as adjusted for the 1-for-3 reverse stock split effective March 1, 2024) regarding the number of shares of our Common Stock that may be issued under the Company’s equity compensation plans.
−Removed: The Company maintains three equity compensation plans, the 2021 Plan, the Smart King Ltd.
+Added: The following table sets forth information as of December 31, 2024, regarding the number of shares of the Company’s Class A Common Stock that may be issued under the Company’s equity compensation plans.
+Added: The share numbers and the exercise price of stock options reported in this section have been adjusted to reflect the reverse stock splits effected on August 25, 2023, February 29, 2024 and August 16, 2024.
+Added: The Company maintains three equity compensation plans:
+Added: the Faraday Future Intelligence Electric Inc.
+Added: 2021 Stock Incentive Plan (the “2021 Plan”), the Smart King Ltd.
Equity Incentive Plan (the “Smart King EIP”), and the Smart King Ltd.
Special Talent Incentive Plan (the “Smart King STIP”).
−Removed: The 2021 Plan was approved by the stockholders.
−Removed: The Smart King EIP and Smart King STIP plans existed prior to the Company going public and therefore were not approved by the security holders.
+Added: The 2021 Plan was approved by tour security holders.
+Added: The Smart King EIP and Smart King STIP plans existed prior to the Company going public and therefore were not approved by the Company’s security holders.
Plan Category Number of Securities to be
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Equity Incentive Plan 1,949
+Added: $26,237.95 (4)
Smart King Ltd.
Special Talent Incentive Plan 487
−Removed: Total 250,986 412.08 (6)
−Removed: (1) Of the shares reported in the table, 110,671 shares were subject to awards of restricted stock units, 31,897 shares were subject to outstanding stock options and 4,664 shares were subject to performance stock units, all under the 2021 Plan.
−Removed: (2) Represents the weighted-average exercise price of options, RSU and PSUs granted under the 2021 Plan.
+Added: $52,893.32 (4)
+Added: 443,251 $30,073.37 (6)
+Added: (1) Of the shares reported in the table, 440,407 shares were subject to awards of restricted stock units, 408 shares were subject to outstanding stock options under the 2021 Plan.
+Added: (2) Represents the weighted-average exercise price of options granted under the 2021 Plan.
(3) All of the securities reported in this column were then available for issuance under the 2021 Plan.
2 unchanged sentences
(5) There are no remaining shares available for issuance under the Smart King EIP and the Smart King STIP.
−Removed: (6) The weighted-average exercise price is calculated based on the exercise price of Equity Compensation Plans Approved By Security Holders and Equity Compensation Plans Not Approved By Security Holders and taking into account options, RSUs and PSUs under the 2021 Plan.
+Added: (6) The weighted-average exercise price is calculated based on the exercise price of Equity Compensation Plans Approved By Security Holders and Equity Compensation Plans Not Approved By Security Holders and taking into account options under the 2021 Plan.
+Added: No additional content or disclosures are required under this item.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.