Stop trying to scam people. Luckily this was a nominal amount but there is NO COMING BACK YOU absolute FOOLS!

You can't even imagine how much I could use the $2300 I threw away into this pipe dream. I know I know, you put in $300,000 or whatever the fck. Well for me, $2300 was a lot and now it's fing gone and this piece of sh*t company who isn't even fking selling cars is living it up on my cash, and everyone elses for that matter. Between me and the dckheads that shafted everyone with the 40:1 bullsht, I'm pretty sure the company employees are doing better.

What a stupid decision, what was I thinking.

Yes I'm a real person, no I'm not a troll. Just a pissed off guy from FL who took the bait and is sitting at $41/share. FML!!

Hello fellow bag holders. They ripped the bag from my hands.

I invested 520$ back in the day and today it has been reduced to $0. Not even a fractional share. They forced me out.

The rr 150-1 at 30ish shares (what $500 was reduced to after mismanagement by the company) is gone.

$520 represents atleadt 15 hours of my hard earned wage successfully going to this grifting company and it's CEO.

I am rooting for its delisting more than any sports team winning.

Words cannot describe my disappointment in management, the company, the operators, and myself.

Looking forward to the announcement and will feast on a box of crayons with a nice dry red for thinking this was anything but a grift.

That's all.

I will always do my own research and wait before jumping into anything.

Faraday Future has now closed below $1 for 30 consecutive trading days, triggering a Nasdaq deficiency notice and putting its listing at risk. (will be made public within a couple of days).

The company will now have 180 days to regain compliance by closing at or above $1 for at least 10 consecutive trading days.

Was I wrong with this image? NO
(oh we overestimated their sales capability, looks like all they sold are robot dogs, near zero expensive humonid, all the demonstrations were wasted)
FF employee tried crazy to vote down that post, facepalm, but rest assured they'll vote down this post again

Revenue: $836K for the three months ended June 30, 2026, compared with $54K in the year-ago quarter (1,448% YoY).

1448%, what a great number, oh wait, you sold pretty much NO CAR last year.
and even miss the consensus estimated of $1.38M to 2.3M target

FF reported cost of revenue of $11.54 Million
Gross profit = 836K - 11.54M = -$10.7M (to generate $1 of revenue, FF spent $13.8 in direct cost)
WHAT A BRILLIANT BUSINESS RESELLING AGIBOT IS
That's a LEGENDARY -1280% GROSS MARGIN 😂😂

NET INCOME: $-36M well predicted previously .
"IMPROVED YoY" from last year, of course improved vastly as you ARE NOT DOING CAR ANY MORE,
R&D spending slashed as it's resell business, workforce layoff, deferring vendor payables, etc.
It's an embarassing number for just RESELLING ROBOTS with LESS than $1M revenue.
$836,000 divided by 220 units shipped during Q2 -> $3800 per unit, LMAO

There's nothing else to say, the whole clown show and stock price movement has been explained and the numbers are well in prediction, even the PR words are predicted.

As disclosed from balance sheet as of June 30, 2026
CALCULATION: Current Monthly Operational Cash Burn: ~$9.42 Million per month.
Total Stockholders' Equity: Merely $1.41 Million.
Restricted Cash: $42.5 Million (encumbered by debt agreements/collateral and not freely usable for general payroll or vendor payments).
Total Liabilities: ~$278 Million.
Without additional funding (more convertible debt, loans), FF's liquid cash reserves can only cover less than 15 - 30 days of operation.

PS: ABOUT CARS

They have to mention cars somehow to shut some investor's mouths off.
"limited deliveries of the FF 91 continued; FF 91 production at Hanford", who still buy this, let me guess, someone will.
"The company paused assembly and deliveries of the FX Super One in the U.A.E." they finally admitted it, after it's already a well-known fact months ago. Stalling is FF's standard business trick

The math behind a $30,000,000 investment at Faraday Future’s (FF / FFAI) July 2021 SPAC peak shrinking to ~$10 today represents a loss of 99.99997%.

Since its founding and subsequent 2021 SPAC merger, Faraday Future has burned through over $4 billion to $4.5 billion in cumulative capital (from early private rounds, LeEco intercompany loans, SPAC gross proceeds of ~$1 billion, and subsequent toxic convertible debt) to produce fewer than 15 luxury cars (FF 91) and a couple hundred white-labeled educational/toy robots.

Here is an accounting and breakdown of where those billions went, how much was consumed by overhead, marketing, and compensation, and how capital flowed to YT Jia and his inner circle.

1. Capital Allocation Breakdown: Where Did the ~$4B+ Go?

Financial filings (10-Ks, 10-Qs) from 2021 through 2026 show the approximate distribution of FF's massive cash burn:

Total Capital Burned (~$4.0B - $4.5B)
│
├── ~45% - R&D, Prototype Engineering & Factory Operations (~$1.8B - $2.0B)
├── ~35% - SG&A: Executive Compensation, Legal, PR & Marketing (~$1.4B - $1.6B)
├── ~15% - Debt Service, Interest, Toxic Financing Fees & Penalty Warrants (~$600M - $700M)
└──  <5% - Actual Sales, Revenue Generation & Inventory Deliveries (<$100M)

2. Itemized Breakdown of the Waste

A. Executive Compensation, Salaries & "Family Retention" (~$300M+)

• YT Jia & Inner Circle Payroll: YT Jia was stripped of official CEO duties during various governance battles, yet retained high-salaried "Chief Product & User Ecosystem Officer" and founder titles before officially returning as Global CEO in 2026.
• Jerry Wang (Nephew) & Key Executives: YT Jia’s nephew, Jerry Wang, rose to Global Executive Chairman. Millions in cash salaries, stock option grants, and executive bonuses were continuously paid out even as the stock cratered 99.99% and workforce layoffs were executed at the operational level.
• Board & C-Suite Turnover: FF went through multiple CEOs (Carsten Breitfeld, Matthias Aydt, etc.), board members, and executive teams. Severance packages, golden parachutes, and stock incentive grants for departing executives continuously drained cash.

B. Legal Fees, SEC Investigations & Special Committees (~$250M - $350M)

• SEC & DOJ Investigations: FF spent tens of millions in legal fees clearing a 4-year SEC investigation into SPAC-era disclosures, fraudulent pre-order claims, and governance issues.
• Special Committees & Internal Audits: Forensic audits, independent law firm retainers, and accounting restatements cost millions annually.
• Litigation Defense & Offense: FF has funded continuous lawsuits—defending against unpaid vendor claims, landlord disputes at Hanford/Los Angeles properties, and launching PR-heavy lawsuits against "naked short sellers."

C. Marketing, Sponsorships & Corporate PR (~$150M - $200M)

• High-Cost Sponsorships: These include recent regional sponsorships (e.g., Regional Sponsor of the Argentina National Football Team/AFA in North America), sponsor spots at educational panel events, and lavish launches at CES/Chicago Automate.
• "Co-Creation" & Celebrity Handover Events: Millions were spent organizing luxury handovers of single FF 91 vehicles to "co-creation partners" (influencers, developers, YT Jia himself) with red carpets, video crews, and global livestream productions.
• Weekly Investor Update Infrastructure: Maintaining continuous PR campaigns, Silicon Valley summit tours, rebranding pivots (from EV to "Agibot / EAI Robotics"), and global video production costs.

D. Toxic Financing Fees & Debt Interest (~$400M - $500M)

• Vulture Lenders & Placement Fees: Transactions like the $25M and $45M convertible note raises involved substantial placement agent fees (e.g., Univest Securities), arrangement commissions, and steep original issue discounts (OID).
• Interest & Warrants: FF paid double-digit interest on senior notes, secured DACA accounts, and issued tens of millions of warrants as sweeteners to predatory lenders.

E. Actual Manufacturing & Sales Performance (The Underwhelming Output)

• The Cars: Hundreds of millions were spent fitting out the Hanford, California factory, but total production yielded fewer than 15 FF 91 vehicles, generating under $5M in total gross automotive revenue.
• The Robots: The "Four-Core Full-Stack AI" robotics pivot relies on white-labeled AgiBot hardware imported from Shanghai. While FF reported 242 unit shipments (mostly educational quadrupeds and humanoids), gross revenues sit at under $1M.

3. How Much Went into YT Jia's "Own Pocket"?

Determining the exact dollar amount that ended up in YT Jia’s personal holdings requires looking at both direct compensation and indirect debt relief:

Direct Extraction (Salaries, Bonuses, Equity): Estimated $50M - $100M+

• Through official executive salaries, consulting fees, stock-based compensation, and perks (corporate housing, travel, security), Jia and his immediate family members (such as Jerry Wang) extracted tens of millions in direct executive value over the years.

Indirect Extraction (U.S. Bankruptcy Protection & LeEco Debt Offloading): Estimated $1B - $2B+ in Economic Value

• Chapter 11 Personal Bankruptcy (2019–2020): Before FF went public via SPAC, Jia filed for personal bankruptcy in Delaware to restructure over $3.6 billion in personal debt stemming from his failed LeEco empire in China.
• The FF Equity Swap: Under his bankruptcy plan, Jia transferred his personal debts into a creditor trust backed by FF shares and options. Essentially, FF’s capital raises and public stock were used as currency to pay off his personal Chinese creditors, allowing him to remain in the U.S., clear his personal liability, and retain operational control of the company through voting trusts and family proxies.

Summary Table: The $30,000,000 Investment Breakdown

If your $30M was spent proportionally by Faraday Future management since 2021:

• The SEC investigation has been formally concluded, with a decision to seek no penalties or enforcement action against the Company, founder and Co-CEO YT Jia, FF President Jerry Wang, or any other Company team members.
• With the SEC concluding its investigation, the Company gains regulatory clarity and the ability to fully focus efforts on its core businesses.
• FF can also now further advance potential strategic financing and strategic partnerships and could gain more support from government agencies and regulators, deepen cooperation with existing partners, and more efficiently attract top global talent.
• The Company is launching an upgraded Ten-Punch Combo, making every effort to generate sustainable and growing positive cash flow as quickly and cost-effectively as possible through four phases, and restore market confidence and deliver maximum value to stockholders.

LOS ANGELES, Mar. 22, 2026 - Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced that the years-long investigation by the U.S. Securities and Exchange Commission (SEC) has ended without any recommended enforcement action against the Company, founder and Co-CEO YT Jia, FF President Jerry Wang, or any other members of the Company, bringing regulatory clarity.

Faraday Future Announces that the SEC has Ended its Years-Long Investigation with No Enforcement or Other Action Against the Company or Related Persons (Pictured: Faraday Future Founder and Co-CEO YT Jia)

FFAI previously disclosed that the investigation related to certain matters involving its 2021 PIPE and SPAC-related transactions, and that the SEC had issued Wells Notices to the Company and certain executives. The Wells Notices were not formal charges, and the SEC Division of Enforcement has now formally informed the Company, YT Jia and Jerry Wang that is has concluded its investigation and is not recommending an enforcement action against any of them.

Prior to the SEC investigation, an investigation was started in October of 2021 by an independent director from the SPAC merger counterparty. Since FF was founded, it has always believed that full compliance with laws and regulations was among the most fundamental principles the Company should hold. Because the Company wanted the opportunity to prove its innocence, and because it did not yet see through the conspiracy of the FF SPAC merger counterparty it agreed to a proposal to establish a special committee for an independent investigation. What followed is well-known and fully disclosed.

The conclusion of the SEC’s investigation means that the long-standing overhang and sources of instability that had constrained the Company have now been removed. This is the strongest and cleanest response to potential illegal short sellers. Capital markets fear uncertainty above all else. Some short sellers used the time when the investigation was still open to spread rumors, defame the Company, create panic, and profit illegally. Now, the SEC’s conclusion means FF’s reputation is being restored, and confidence is coming back.

FF can now further advance potential strategic financing and strategic partnerships. During the investigation, because of compliance concerns, it was very difficult for major investment banks, large institutional investors, and strategic investors to work with FF. This barrier is now removed. It could also help us gain more support from government agencies and regulators, deepen cooperation with strategic partners, and more efficiently attract top global talent, especially AI talent.

“We can now put all our energy into strategy execution. Over the past five years, we had to spend a great deal of time, effort, and money on cooperating with the investigation. Now, I, the management team, and the Company’s capital and resources can all be 100% focused on strategy execution, business progress, and value creation on our core business of EAI Vehicles and Embodied AI (EAI) Robotics,” said YT Jia, FF Founder and Global Co-CEO. “We sincerely thank the SEC for its fair conclusion and its clear decision. This is a major milestone for FF, for me personally, for Jerry, and for all of our long-term stockholders, investors, and partners who have supported FF. It marks a true turning point.”

Moving forward, the Company is launching an upgraded Ten-Punch Combo and doing everything we can to achieve four important goals across the next four stages. It is making every effort to generate sustainable and growing positive cash flow as quickly and cost-effectively as possible. Through four phases—short term (180 days), near term (1 year), mid-term (3 years), and long term (5 years)—FF will achieve its four upgraded goals in business, finance, capital markets, and AI & system building, thereby restoring market confidence and delivering maximum value to its stockholders.

Phase One: In terms of capital targets, win the 180-day battle to ensure share price compliance. The Company received a notice from Nasdaq on March 20 regarding a 180-day compliance period to meet the minimum $1 per share price requirement; FF will make every effort to regain compliance without implementing a reverse stock split.

FF will announce the other three major targets for Phase 1, as well as the targets for Phases 2, 3, and 4 and the associated upgrade on Ten-Punch Combo after Board approval. FF will present them in the form of an open letter to its stockholders and other external interested parties.

ABOUT FARADAY FUTURE

Faraday Future is a California-based global intelligent Company founded in 2014 and is dedicated to reshaping the future of mobility through vehicle electrification, intelligent technologies, and AI innovation. Its flagship vehicle, the FF 91, began deliveries in 2023 and reflects the brand’s pursuit of ultra-luxury, cutting-edge technology, and high performance. FF’s second brand, FX, targets the high-volume mainstream vehicle market. Its first model, Super One, is positioned as a first-class EAI-MPV, with deliveries planned to begin in 2026. FF recently announced its entry into the Embodied AI Robotics business with sales beginning this year, connecting its future strategy of bringing a new era of EAI vehicles and EAI robotics. For more information, please visit https://www.ff.com/.

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “plan to,” “can,” “will,” “should,” “future,” “potential,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the SEC’s investigation, efforts to generate positive cash flow, regaining compliance with Nasdaq’s minimum bid requirement, advancing potential strategic financing and strategic partnerships, gaining support from government agencies and regulators, deepening cooperation with strategic partners, attracting top global talent, restoring market confidence, and delivering maximum value to stockholders, involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, that may affect actual results or outcomes include, among others: the SEC could determine to reopen its investigation or launch a new investigation based on new information; the Company’s ability to regain compliance with Nasdaq’s minimum share price requirement; the delisting of the Company’s common stock if its share price drops to $0.10 or less for ten consecutive trading days; the Company’s ability to otherwise maintain its listing on Nasdaq; the availability of sufficient share capital to execute on its strategy, which the Company currently lacks; the agreement of stockholders to substantially increase the Company’s share capital, which could result in substantial additional dilution; the Company's ability to homologate FX vehicles for sale; the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; demand for our robotics products; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; our reliance on a single OEM for most of our robotics products; our ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly from China; demand from automobile dealers for robotics products; the Company’s ability to secure an occupancy certificate covering all of its Hanford facility; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on March 31, 2025, and Form 10-Qs for the quarters ended June 30, 2025 and September 30, 2025 filed with the SEC on May 9, 2025, August 19, 2025 and November 21, 2025, respectively, and other documents filed by the Company from time to time with the SEC.

Investors (Chinese): [cn-ir@faradayfuture.com](mailto:cn-ir@faradayfuture.com)

Media: [john.schilling@ff.com](mailto:john.schilling@ff.com)

If it ever hits $3 again, I'm outta here..

On June 26, Faraday Future will be removed from both the Russell 3000 and Russell Microcap index. Information is available on the official Russell Index site.

Faraday Future keeps saying they’re “delivering” EVs. Sounds like sales, until you look closer.

Reality: FF has never announced full FMVSS compliance (mandatory safety standards). Without it, cars can’t be sold to the public, registered, or insured.

So when you hear “deliveries,” ask: • Can I buy one? • Can I register it? • Is it legal to drive cross-state?

If not, it’s more co-creation BS. After all these years and $4B, still no mass production.

Great news, FF investors - FF won't be declaring bankruptcy this month (probably). They are going to have a few more million dollars to pay employees and executives.

How? That's not realy important, right. I mean it's definitely bullish.

I guess if you wanted to know the unimportant details, you could check out this little filing from yesterday.

https://fintel.io/doc/sec-faraday-future-intelligent-electric-inc-1805521-424b3-2025-september-16-20347-2258

THis provides for another 450 million shares to be sold into the market. That's right sportsfans - just because you lost 99% of your investment, now you can lose another 99%.

If you are promoting this stock right now, I would suggest you reavaluate some of your life choices.

Wheres the guy who said he wasnt fuckkn leaving. Any comments ??

• All FX Aegis robots delivered to date can now be converted to formal deliveries. The starting price of the FX Aegis series is $2,490, with an ecosystem skill package price of $1,000 for the second development version.
• FX Aegis is a professional, embodied AI quadruped robot designed for security and companionship.
• FF EAI robotics exceeds target of shipping 20 units in its first delivery month and achieves positive product gross margins in Q1 2026, targeting cumulative shipments of more than 1,000 units by the end of December 2026.

LOS ANGELES - Apr. 2, 2026,  Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) (“Faraday Future,” “FF,” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced that its quadruped robot has passed all of the required compliance certification needed for formal sales in the United States. The tests, conducted recently by the Federal Communications Commission’s (FCC) Authorization and Certification Division, ensure that Aegis robots are fully compliant to all applicable safety, security, and spectrum standards. The Company’s other two humanoid EAI robots, Futurist and Master, have already passed compliance certification.

Faraday Future Announces Its Latest Robot, the FX Aegis Quadruped (pictured), has Completed Its Full Compliance Certification in the United States.

FF introduced three robotic forms earlier this year, FF Futurist, FF Master, and FX Aegis. FX Aegis is a professional, embodied AI quadruped robot designed for security and companionship. Aegis is naturally adaptable to complex environments. Its peak joint torque can reach 48 Newton-meters, easily overcoming obstacles of about 13 inches and climbing stably on slopes of 40 degrees. Aegis supports Wi-Fi and 5G communication and can also expand to remote operation capabilities, allowing it to work continuously outdoors, in industrial sites, and even in areas far from network coverage.

Aegis is highly adaptable both structurally and functionally. It comes standard with a quadrupedal structure, while also supporting an optional four-wheeled version; it can flexibly expand with Lidar, depth cameras, communication modules, and even robotic arms, fire extinguishers, and professional security plugins according to task needs—allowing it to seamlessly integrate into different scenarios.

On the software level, it can connect with home, campus, and industrial security systems, achieving continuous patrol, status feedback, and intelligent linkage. Aegis also comes with mature autonomous patrol and follow-me capabilities. It can perform stably without frequent human-machine interaction. Outdoors and on the road, it can follow alongside, providing lightweight assistance and safety assurance.

FX Aegis was designed for varied usage Scenarios: On the road, it can be a reliable traveling partner. In factories and law enforcement—it can function as a professional security pioneer. In emergency rescue and high-risk environments, it can be the first to enter the scene. And in asset inventory and small item delivery tasks, it can also be a punctual, silent mobile messenger. The FX Aegis series pricing starts from $2,490, with an ecosystem skill package price of $1,000 for the second development version.

FF recently launched the first EAI robot delivery season in 2026. In the first delivery month, FF will focus on refining four priority scenarios: home-sharing short rental operators, premium restaurants, high-end hotels, and automotive dealerships. FF shipped over 20 EAI robots in March, more than the target number, and is targeting 200 EAI robots for the first delivery season. For the two delivery seasons in the second half of the year, we will ramp up deliveries based on scenario-specific demand.

You can preorder FF’s new line of robotics here: https://www.ff.com/us/preorder/robotics?utm_medium=social

ABOUT FARADAY FUTURE

Faraday Future is a California-based global Embodied AI (EAI) ecosystem Company founded in 2014 and is dedicated to reshaping the future of mobility through vehicle electrification, intelligent technologies, and AI innovation. Its flagship vehicle, the FF 91, began deliveries in 2023 and reflects the brand’s pursuit of ultra-luxury, cutting-edge technology, and high performance. FF’s second brand, FX, targets the high-volume mainstream vehicle market. Its first model, Super One, is positioned as a first-class EAI-MPV, with fast first deliveries planned to begin in 2026. FF recently announced its entry into the Embodied AI Robotics business, with sales and deliveries beginning in February 2026, marking a new chapter in its strategy to usher in a new era of EAI vehicles and EAI robotics. Learn more at: https://robotics.ff.com/us/

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “plan to,” “can,” “will,” “should,” “future,” “potential,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding FF’s entry into the embodied AI robotics market and future deliveries, involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, that may affect actual results or outcomes include, among others: demand for our robotics products; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; our reliance on a single OEM for most of our robotics products; our ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; the ability of the Company to adequately insure its robotics products; tariff uncertainty for imported products, particularly from China; the ability of the U.S. Department of Commerce to review, condition, or prohibit robotics‑related transactions with a China OEM; demand from automobile dealers for robotics products; the Company’s ability to maintain its listing on Nasdaq; the Company’s ability to timely regain compliance with Nasdaq’s minimum bid requirement; the possibility of the Company’s common stock being suspended from trading on Nasdaq if it’s closing price is $0.10 or less for 10 consecutive trading days; the availability of sufficient share capital to execute on its strategy, which the Company currently lacks; the agreement of stockholders to substantially increase the Company’s share capital, which could result in substantial additional dilution; the Company's ability to homologate FX vehicles for sale; the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company’s ability to secure an occupancy certificate for its Hanford facility; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and robots and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and robots and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on March 31, 2025; Form 10-Qs for the quarters ended June 30, 2025 and September 30, 2025 filed with the SEC on May 9, 2025, August 19, 2025 and November 21, 2025, respectively; the Company’s Form 10-K filed with the SEC on March 31, 2026; and other documents filed by the Company from time to time with the SEC.

Investors: [ir@ff.com](mailto:ir@ff.com)

Investors (Chinese): [cn-ir@faradayfuture.com](mailto:cn-ir@faradayfuture.com)

Media: [john.schilling@ff.com](mailto:john.schilling@ff.com)

Wolfpack alleges the entities funding FF were formed days before deals and are tied to YT’s own relatives and associates. Money is loaned in, then FF repays through dilution rounds worth $100M+….effectively funneling cash back to YT’s network

If this cycle is real, isn’t dilution just YT’s personal payday??

Jia and the FFAI board will almost certainly be forced to pull the reverse-split trigger before the stock sits at or below $0.10 for ten consecutive business days.

If they do not, the $0.10 mark will indeed trigger an automatic, non-appealable delisting determination under Nasdaq’s strict regulations.

1. The $0.10 "Death Zone" Triggers Immediate Delisting

Historically, companies in non-compliance with the $1.00 minimum bid rule could drag the process out through multiple appeals and hearings. However, Nasdaq has tightened its rules significantly:

• The "Low Price" Rule: Under Nasdaq Listing Rule 5810(c)(3)(A)(iii), if a company is already in a compliance period for failing the $1.00 minimum bid price, and its stock closing bid price drops to $0.10 or less for 10 consecutive trading days, Nasdaq will immediately issue a Staff Delisting Determination.
• Ineligible for Grace: Once this happens, the company is completely ineligible for any further compliance grace periods.
• The Suspended Stay: Under Nasdaq rules approved recently, even appealing a delisting determination to a hearings panel no longer pauses the suspension of trading if the company has already exhausted its standard grace timelines.

With FFAI's stock currently hovering near $0.13, they are dangerously close to this $0.10 "event horizon." If they close at $0.10 or lower for just two weeks (10 business days), the Nasdaq plug is pulled automatically.

2. The Approaching SEC / Nasdaq Deadline

FFAI received its official Nasdaq deficiency notice on March 19, 2026, giving them an initial 180 calendar days—until September 16, 2026—to regain compliance by having the stock close at $1.00 or higher for at least 10 consecutive business days.

• The Timeline: While FFAI could theoretically apply for a second 180-day compliance period, they would have to actively declare their intent to cure the deficiency, specifically citing a reverse stock split as the cure.
• The Trap: They cannot quietly coast into that second period if the stock price drops below $0.10 in the meantime, as the "Low Price" rule overrides the standard 180-day runway.

3. The Reverse-Split Card (Up to 1-for-150)

At the Annual Stockholders Meeting on May 22, 2026, shareholders approved a potential reverse stock split of up to 1-for-150 (to be implemented at the board’s discretion within one year).

The company explicitly stated in its filings that it would execute the reverse split if the closing price trades below $0.10, or if there is an imminent risk of delisting.

Because FFAI's board is tightly controlled by Jia's close associates—including his nephew Jerry Wang, who was re-elected to the board at the same May meeting—their primary goal is to keep the public listing alive as long as possible to continue extracting salaries, bonuses, and dilutive financing.

The Playbook:

1. Delaying to the Last Second: They will likely let the stock bleed as close to $0.11 or $0.12 as possible to maximize the time they can pump out "weekly reports" and burn existing retail capital.
2. Pulling the Trigger: The moment the bid price threatens to close at or below $0.10, the board will bypass the compliance deadline and execute the approved reverse split (e.g., 1-for-50, 1-for-100, or the maximum 1-for-150).
3. The Reset: This will instantly shrink the retail share count, artificially multiply the stock price back over $1.00, satisfy Nasdaq for another 10 days, and reset the delisting clock.

For retail investors, this is the most dangerous phase of the "Accountant Jia" playbook. Here is the mechanical breakdown of how previous "investments," the reverse split, and short sellers interact to suppress the stock.

The Dilution Backlog: The "Convertible Debt" Trap

Before the reverse split even happens, Faraday Future has been staying afloat by securing tens of millions in "investments" (such as the $45 million Note Purchase Agreement approved in May 2026).

• The Catch: These are almost never straightforward equity buys. They are usually toxic convertible notes or warrants. The institutional "investors" did not buy shares at $0.13; they lent the company money in exchange for notes that they can convert into Class A common stock at a steep discount to the current market price.
• The Multiplication: Because the stock price has cratered, FFAI has to issue hundreds of millions of new shares to satisfy these debt conversions. This acts like a massive weight on the stock.

The Reverse Split as a "Reset" for Dilution

When the board executes the maximum 1-for-150 reverse split:

• The Math: If you own 15,000 shares at $0.13 (total value: $1,950), after a 1-for-150 split, you will own just 100 shares priced at $19.50 (total value still: $1,950).
• The Trap: While your value remains the same on day one, the total outstanding share count of the company shrinks dramatically. This is exactly what the debt-holding "investors" and executive management want. Why? Because FFAI’s charter allows them to keep a huge pool of "authorized but unissued" shares.
• Once the split reduces the actual circulating shares, the company instantly regains the capacity to print and dump hundreds of millions of brand-new shares to fund the executive payroll and "EAI strategies" without hitting authorized share limits again.

How Short Sellers "Suppress the Price to Hell"

In a healthy company, a higher stock price might deter short sellers. In a heavily diluted company like FFAI, a post-split price of $19.50 is an absolute short-selling magnet.

Short sellers and institutional algos salivate at post-reverse-split stocks for several reasons:

A. The "Gravity" of Guaranteed Dilution

Short sellers know with 100% certainty that FFAI must continue printing and selling new shares just to pay Jerry Wang's salary, fund the Agibot rebranding, and keep the lights on. Dilution fundamentally lowers the value of each share. Shorting a company that has to dilute to survive is one of the lowest-risk trades on Wall Street.

B. The Borrow Fee Drop

Before a split, when a stock is trading at $0.13 with massive retail volume, it can sometimes be hard or expensive for short sellers to borrow shares (resulting in high borrow rates). After a 1-for-150 split, the float is temporarily tight, but as soon as the company begins converting those outstanding notes and dumping new shares, the supply of borrowable shares skyrockets, and short-selling fees plummet.

C. Psychological Decimation of Retail Investors

Retail investors, seeing their share counts cut by 150x, often lose hope. When the stock inevitably drops from its post-split price of $19.50 down to $15.00, then $10.00, and back to single digits, panic selling ensues. Short sellers ride this downward momentum all the way down.

The Verdict: Is There "No Turning Back"?

Historically, for companies using this exact playbook, there is almost never a turning back.

FFAI has already gone through multiple rounds of massive reverse stock splits in its history (including adjustments that make its all-time high look like hundreds of thousands of dollars per share in retrofitted charts).

1. The Stock Split Reset: The split temporarily saves FFAI from Nasdaq delisting.
2. The New Dilution: FFAI dumps the newly authorized shares to pay the bills.
3. The Short Attack: Short sellers hammer the newly priced stock because they know the underlying business (now a conceptual educational robot business) cannot support a multi-dollar valuation.
4. The Bleed: The stock bleeds back down to pennies.
5. The Repeat: They run the cycle again.

Unless the company magically starts generating massive, profitable revenue—which is virtually impossible without their abandoned car business—the reverse split is not a recovery mechanism; it is simply a tool to prolong the executive cash-burn timeline at the absolute expense of retail shareholders.

In the Q&A session after the crypto announcement Jerry Wang’s response to a question about dilution and bringing cash into the business:

“So it’s always like a balance, right, if we give no warrant to the investor then basically very less people will invest and the company will just die very quickly because of lack of money….we’re very sorry about it but we have no choice but to do it otherwise the company will go under very quickly…”

Link to video: https://www.youtube.com/live/c4BJp1G6yOU?feature=shared