Faraday Future Reaffirms Commitment to Long-Term Growth and Shareholder Value
September 07 2023 - 11:24PM
Business Wire
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE)
(“Faraday Future”, “FF” or “Company”), a California-based global
shared intelligent electric mobility ecosystem company, reaffirms
its commitment to safeguarding the interests of its shareholders
while driving long-term growth and value creation. Faraday Future
has recently observed a series of suspicious activities that the
Company believes suggests a coordinated effort to undermine the
Company's valuation through spreading misinformation and
manipulating market sentiment.
Faraday Future firmly believes in fair and transparent market
practices, where investors can make informed decisions based on
accurate and reliable information. The Company is unequivocally
fully committed to the long-term value creation and the interests
of its shareholders, employees, and stakeholders.
To address this issue, Faraday Future is taking the following
steps:
Increased Transparency: The Company will continue to
provide accurate and timely information via public disclosure in an
effort to ensure equal access to the facts about the Company's
performance and prospects.
Potential Legal Action: The Company plans to further
investigate and address any perceived market manipulation or
misinformation activities. If the Company finds any illegal short
selling, other market manipulation or misinformation it intends to
take available legal action. The Company will continue to endeavor
to protect its global investors.
Maintaining Focus on Long-Term Growth: The Company
remains committed to its core vision and ongoing innovation.
The Company urges its shareholders and the broader investment
community to remain vigilant against market manipulation and base
their investment decisions on comprehensive research and due
diligence.
The Company expresses its gratitude to its shareholders and
stakeholders who have been supportive over the history of the
business. The trust in Faraday Future is invaluable, and the team
will continue to work tirelessly to deliver and drive long-term
value.
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
FF is the pioneer of the Ultimate Intelligent TechLuxury ultra
spire market in the intelligent EV era, and a disruptor of the
traditional ultra-luxury car industry. FF is not just an EV
company, but also a software-driven company of intelligent internet
AI product.
FOLLOW FARADAY FUTURE
https://www.ff.com/ https://www.ff.com/us/mobile-app/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture/
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 “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” 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
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include, among others: the Company’s ability to
continue as a going concern and improve its liquidity and financial
position; 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
success of other competing manufacturers; the performance and
security of the Company’s vehicles; potential litigation involving
the Company; the Company’s ability to satisfy the conditions
precedent 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; 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-K/A filed with the Securities and Exchange
Commission (“SEC”) on August 21, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230907655721/en/
Investors (English): ir@faradayfuture.com Investors (Chinese):
cn-ir@faradayfuture.com Media: john.schilling@ff.com
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