IPO - FARADAY FUTURE INTELLIGENT ELECTRIC INC.
Form Type: S-1/A
Filing Date: 2025-05-15
Corporate Action: Ipo
Type: Update
Accession Number: 000121390025044429
Filing Summary: Faraday Future Intelligent Electric Inc. filed Amendment No. 2 to Form S-1 for its registration statement under the Securities Act of 1933, aimed at registering shares of Class A Common Stock. The document details the offering of up to approximately 5,281,134 shares upon conversion of December Unsecured Notes, and 9,003,158 shares upon conversion of March Unsecured Notes, among other securities. The company has a strong focus on establishing itself within the electric vehicle industry with plans for manufacturing in California, potential markets in the UAE, and significant operations in China. There are regulatory risks mentioned regarding operations in the People's Republic of China, impacting the company's ability to maintain its listing and attract foreign investment. Additionally, FFAI reports that they are an 'emerging growth company' subject to reduced reporting requirements, with shares currently trading on NASDAQ under symbols 'FFAI' and 'FFAIW'.
Additional details:
Approximate Date Of Commencement Of Sale: From time to time after the effective date of this registration statement
Number Of Class A Common Stock: 5,281,134
Number Of Class A Common Stock March Notes: 9,003,158
Number Of Class A Common Stock March Warrants: 482,691
Number Of Class A Common Stock Hsl Settlement: 774,183
Number Of Class A Common Stock Envisage Settlement: 393,519
Closing Price Class A Common Stock: 1.15
Closing Price Public Warrants: 0.0307
Form Type: S-1/A
Filing Date: 2025-05-02
Corporate Action: Ipo
Type: Update
Accession Number: 000121390025039266
Filing Summary: This document is an amendment to the Form S-1 registration statement of Faraday Future Intelligent Electric Inc. It pertains to a proposed initial public offering (IPO) of up to 13,654,580 shares of Class A common stock issuable upon conversion of March Unsecured Notes, and additional shares issuable upon exercise of related warrants and settlements with vendors. This amendment was filed to update the SEC on the company's intentions and details regarding the securities to be offered by the selling security holders. Important points include potential market risks due to high volumes of registered shares that could impact their selling prices. The document discusses compliance as an emerging growth company and outlines the operational risks involved, particularly concerning regulatory conditions in China. The closing price for Class A Common Stock was noted at $1.25 per share on April 30, 2025. Faraday Future operates through its subsidiaries, with significant operations in the U.S. and plans for expansion in China.
Additional details:
Company Name: Faraday Future Intelligent Electric Inc.
Registration Number: 333-284613
State Of Incorporation: Delaware
Irs Employer Id: 84-4720320
Primary Sic Code: 3711
Address: 18455 S. Figueroa Street, Gardena, CA 90248
Chief Financial Officer: Koti Meka
Agent For Service: M. Ali Panjwani, Pryor Cashman LLP, 7 Times Square, New York, NY 10036
Max Shares Offered: 13,654,580
Closing Price: 1.25
Closing Warrant Price: 0.0358
Form Type: S-1
Filing Date: 2025-01-31
Corporate Action: Ipo
Type: New
Accession Number: 000121390025008520
Filing Summary: Faraday Future Intelligent Electric Inc. is filing a registration statement for an initial public offering (IPO) of its Class A Common Stock. This registration statement, filed on January 30, 2025, focuses on the offering by the company and selling securityholders of up to 25,120,504 shares. This includes 24,346,321 shares which are issuable upon conversion of certain unsecured convertible promissory notes linked to the December SPA Notes and 774,183 shares issued in settlement to HSL s.r.l. The filing outlines the operations of FFIE, a holding company conducting business primarily through subsidiaries in the U.S. and China. Risks associated with the Chinese government regulations impacting operations in China are highlighted, as well as the high degree of investment risks. The document states that FFIE is an emerging growth company, and investor attention is directed to the appended risk factors which must be considered before making investment decisions. Furthermore, it provides financial details regarding their shares, their market impact, and the company's position in the automotive industry, focusing on their innovations and business model in electric vehicle manufacturing.
Additional details:
Cik: 0001741343
State Of Incorporation: Delaware
Operating Subsidiaries: FF U.S. and PRC Subsidiaries
Class A Common Stock Issued: 24,346,321
Class A Common Stock Issued Hsl: 774,183
Deal Description: Registration of securities for resale under Selling Securityholders' registration rights
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