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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 31, 2023
Faraday Future Intelligent Electric Inc.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-39395 |
|
84-4720320 |
(State or other jurisdiction |
|
(Commission File Number) |
|
(I.R.S. Employer |
of incorporation) |
|
|
|
Identification No.) |
18455 S.
Figueroa Street |
|
|
Gardena, CA |
|
90248 |
(Address of principal executive offices) |
|
(Zip Code) |
(424) 276-7616
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the
Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Class A common stock, par value $0.0001 per share |
|
FFIE |
|
The Nasdaq Stock Market LLC |
Redeemable warrants, exercisable for shares of Class A common stock at an exercise price of $11.50 per share |
|
FFIEW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01 Regulation FD Disclosure
On July 31, 2023, Faraday Future
Intelligent Electric Inc. (the “Company”) issued a press release announcing the launch of its Phase-2 Developer Co-Creation
Delivery. The Company further announced its plans to initiate the delivery process in the second week of August. A copy of the press release
is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
The information contained in this
Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange
Act, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
(d)
Exhibits. The following exhibits are filed with this Current Report on Form 8-K:
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
FARADAY FUTURE INTELLIGENT ELECTRIC INC. |
|
|
Date: August 1, 2023 |
By: |
/s/ Xuefeng
Chen |
|
Name: |
Xuefeng Chen |
|
Title: |
Global Chief Executive Officer |
2
Exhibit 99.1
Faraday Future Announces the Launch of the Phase-2 Developer Co-Creation
Delivery and Will Initiate the Delivery Process in the Second Week of August - This Marks the Company’s Entry of its Brand-New Development
Phase
| ● | FF has successfully completed all compliance testing in
anticipation of the delivery of the FF 91 2.0 Futurist Alliance, marking another important milestone for FF of delivering to the first
group of its users who have joined FF’s developer co-creation project. |
| ● | Delivery signifies FF entering its revenue stage of progress. |
| ● | FF will initiate the delivery process in the second week
of August and plans to deliver the FF 91 2.0 Futurist Alliance to the first user in the middle of August. |
| ● | FF has launched the selection and signing process for
the second group of its users, allowing more potential users to pre-order or purchase the FF 91 2.0 Futurist Alliance. |
| ● | As previously announced, FF has collaborated with high-profile
users from various industries to launch the owner developer co-creation project. |
| ● | The Company plans to hold the first Developer Co-creation
Festival at Pebble Beach, California during Monterey Car Week, and recruit developer co-creation participants on the basis of a recommendation
and invitation system. |
Los Angeles, CA (July 31, 2023) - Faraday Future Intelligent
Electric Inc. (Nasdaq: FFIE) (“FF,” “Faraday Future,” or “Company”), a California-based global shared
intelligent electric mobility ecosystem company, announced the official launch of the second phase of its co-creation delivery, and will
deliver the FF 91 2.0 Futurist Alliance to the first users. This marks a significant milestone for the Company as FF initiates the second
phase of its three-phase delivery plan.
FF has also successfully completed all compliance testing of the FF 91 2.0 Futurist Alliance. FF remains committed to safety and the FF
91 2.0 Futurist Alliance vehicles meet the highest standards, providing users with top-notch safety features.
The first co-creation delivery process of the FF 91 2.0 Futurist Alliance will begin in the second week of August. A delivery ceremony
is planned to be held in the middle of August to honor and celebrate this momentous occasion with the first user.
As FF begins the delivery process to its initial users, the Company
simultaneously launches the selection and signing process for the second group of users that will also join the Company’s developer
co-creation project. This exciting opportunity opens the doors for more potential users to become part of the FF 91 2.0 Futurist Alliance
experience.
The Company plans to recruit co-creation participants on the basis
of a recommendation and invitation system along with the launch of the second phase of developer co-creation delivery. Potential developer
co-creators must receive at least one recommendation from an existing FF developer co-creator or an FF pre-order holder. Furthermore,
only those who pass the Company’s evaluation will have the opportunity to become developer co-creators and subsequently qualify as vehicle
owners in the second phase of developer co-creation. The Company has now initiated the selection process for developer co-creators participating
in the first Developer Co-creation Festival at Pebble Beach, California during Monterey Car Week.
“The FF 91 2.0 Futurist Alliance is the epitome of our commitment
to innovation and forward-thinking mobility solutions,” said Xuefeng Chen (XF), Global CEO of FF. “We are thrilled to start
the delivery process to the first users and embark on this transformative journey with our users and shaping the future of electric mobility
together.”
“We are delighted to officially launch the second phase of co-creation
delivery, after the successful launch of our first phase of co-creation delivery,” said YT Jia, Founder and Chief Product and User
Ecosystem Officer of FF. “We have signed up many outstanding individuals from various industries to participate in our developer
co-creation project who will help us by providing their valuable feedback. We believe this demonstrates the pioneering nature of our co-creation
delivery strategy. With the commencement of the second phase of co-creation delivery, the highly intelligent and luxurious FF 91 2.0 Futurist
Alliance will be delivered to our co-creation users. This milestone achievement marks a significant moment for FF in its nine-year history.”
“The launch of the FF 91 2.0 Futurist Alliance represents a turning
point in FF’s growth. As we are entering the revenue stage of process from our main business endeavor, we look forward to unlocking new
possibilities and creating meaningful impact in the electric vehicle market,” added XF.
Users can preorder an FF 91 vehicle via the FF Intelligent App or through
our website (English): https://www.ff.com/us/preorder/
or (Chinese): https://www.ff.com/cn/preorder/
Download the new FF Intelligent App: http://appdownload.ff.com
ABOUT FARADAY FUTURE
Faraday Future is the pioneer of the Ultimate TechLuxury ultra spire
market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach.
FF is not just an EV company, but also a software-driven intelligent internet company. Ultimately FF aims to become a User Company by
offering a shared intelligent mobility ecosystem.
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, statements about the FF 91 2.0 Futurist Alliance delivery timeline and the selection and signing process for the second
group of co-creation users, which statements may be indicated by the words or phrases “will”, “management expects”
or “the Company expects,” “is anticipated,” or similar expressions, are intended to identify “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks
and uncertainties that could cause actual results to differ materially from those expressed in these statements, including, among others:
the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs (including
timely receipt of parts and satisfactory safety testing); 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 success of other
competing manufacturers; the performance and security of the Company’s vehicles; potential litigation involving the Company; the
result of future financing efforts and general economic and market conditions impacting demand for the Company’s products; potential
cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; 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-Q filed with the Securities and Exchange Commission
(“SEC”) on May 12, 2023, the “Risk Factors” section of the Company’s Annual Report on Form 10-K filed with
the SEC on March 9, 2023, and other documents filed by the Company from time to time with the SEC. . These filings identify and address
other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking
statements, and the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise, except as required by law.
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
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