3 unchanged sentences
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.
−Removed: 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”.
−Removed: The re is no established public trading market in the Class B Common Stock.
+Added: Prior to the ticker change to “FFAI” on March 10, 2025, t he Company’s Common Stock and warrants were listed on Nasdaq under the symbols “FFIE,” and “FFIEW”.
+Added: There is no established public trading market in the Class B Common Stock.
As of March 24, 2026, 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.
6 unchanged sentences
Further, the Company’s ability to declare dividends will also be limited by restrictive covenants contained in its debt agreements.
+Added: Unregister Securities
+Added: Unregistered Equity Issuance – SPA Portfolio Notes
+Added: During the year ended December 31, 2025, the Company issued convertible promissory notes, related warrants, and incremental warrants pursuant to various Securities Purchase Agreements (the “SPA Portfolio Notes”).
+Added: These securities were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D, and were sold exclusively to accredited investors in private placements that did not involve any general solicitation or advertising.
+Added: As of December 31, 2025, the Company had received approximately $3.8 million in proceeds in advance of the fourth closing of the 2025 March Unsecured SPA Notes.
+Added: As of the issuance date of this report, the fourth closing had not yet occurred and the related notes had not been formally issued.
+Added: However, the Company had received the associated proceeds prior to December 31, 2025 and reflected the related obligation as debt outstanding as of that date.
+Added: The shares of Class A Common Stock issuable upon conversion of the outstanding 2023 Unsecured SPA Notes, incremental Junior Secured SPA Notes, incremental 2024 Unsecured SPA Notes, and 2025 March Unsecured SPA Notes were partially registered for resale under effective registration statements.
+Added: As of the date of this report, however, the shares issuable upon conversion of the 2025 July Unsecured SPA Notes and upon exercise of any warrants or Incremental Warrants issued in connection with the SPA Portfolio Notes program have not been registered for resale under an effective registration statement.
+Added: As of the date of this report, 926,277 shares of Class A Common Stock issued to SPA Portfolio Noteholders remain unregistered and constitute restricted securities.
+Added: Unregistered Equity Issuance – COSTAMP S.R.L Settlement
+Added: On December 15, 2025, Faraday Future entered into a settlement agreement with COSTAMP S.R.L.
+Added: (“Costamp”) to resolve an outstanding arbitration award related to several purchase orders and invoices.
+Added: Under the terms of the agreement, Faraday Future agreed to pay a total of $1.6 million, consisting of $0.6 million in cash and the remainder to be satisfied through the issuance of the Company’s Class A Common Stock.
+Added: In connection with the settlement, the Company also entered into a Share Issuance Agreement with Costamp on the same date, pursuant to which the Company agreed to settle $1.1 million of the obligation through the issuance of shares of Class A Common Stock.
+Added: In January 2026, the Company issued 954,545 shares of Class A Common Stock to Costamp in satisfaction of this portion of the settlement.
+Added: Shares issued to COSTAMP S.R.L remain unregistered as of the date of this report.
Securities Authorized for Issuance Under Equity Incentive Plan
24 unchanged sentences
Equity Incentive Plan 1,769 $26,342.58 (4)
−Removed: $26,237.95 (4)
Smart King Ltd.
1 unchanged sentence
449,948 $21,299.52 (6)
−Removed: 443,251 $30,073.37 (6)
(1) Of the shares reported in the table, 447,364 shares were subject to awards of restricted stock units, 384 shares were subject to outstanding stock options under the 2021 Plan.
7 unchanged sentences
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.