FF Signs a Stock Purchase Agreement for the Sale of $10 Million of Its Class A Common Stock to a Designated Third Party Identified by AIxC

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Global Co-CEO of FF.

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Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: FF Signs a Stock Purchase Agreement for the Sale of $10 Million of its Class A Common Stock to a Designated Third Party Identified by AIxC

“First, I want to share an important capital markets update. FF has signed a stock purchase agreement with a designated third party identified by AIxC. AIxC will fund FF $10 million, before offering expenses, and FF will issue the third party with $10 million in FF Class A common stock based on the most recent closing price prior to the closing date. The closing is anticipated to take place on or before February 13, subject to customary closing conditions, and subject to approval of an increase in authorized shares at FF’s special meeting of stockholders on February 13. This is a pure equity financing. There is no discount to the market, and no convertible debt is, or derivative instruments are involved.

AIXC has previously indicated a desire to tokenize FF Class A common stock, subject to regulatory and other considerations. FF intends to use the proceeds from the offering, for general corporate purposes, including but not limited to preliminary costs associated with the FX Super One and potentially for purchases of FF EAI robotics, including production, sales expansion, and scaled deliveries.

This coming week, on February 4, we will hold the FF “EAI Robotics & Vehicle +” Embodied Intelligence Robotics Final Launch and FF/FX Par Summit.

We will not only launch the first three FF embodied intelligence (EAI) robots, but also open paid pre-orders and full sales, and strive to achieve delivery in the same month for at least two of the models, becoming one of the first companies to achieve simultaneous delivery of humanoid and non-humanoid robotics in the U.S. and targeting to become an industry-leading company.