AGM/EGMApr 28, 2026, 04:09 PM
FFAI Annual Meeting: Reverse Split, Share & Incentive Plan Increase
AI Summary
Faraday Future Intelligent Electric Inc. will hold its 2026 Annual Meeting of Stockholders on May 22, 2026, to vote on several key proposals. These include a reverse stock split of up to 1-for-150, a significant increase in authorized shares of both common and preferred stock, and an expansion of the 2021 Stock Incentive Plan. Stockholders will also vote on the election of five directors and the issuance of Class A common stock for promissory notes, preferred stock, and warrants.
Key Highlights
- Approve reverse stock split of up to 1-for-150.
- Increase authorized Class A/B Common Stock by 140,528,448 shares (45%).
- Increase authorized Preferred Stock by 10,839,269 shares.
- Increase 2021 Stock Incentive Plan shares by 50,492,075.
- Elect five directors to hold office until the 2027 Annual Meeting.
- Approve Class A common stock issuance for promissory notes.
- Approve Class A common stock issuance for preferred stock and warrants.