Form 8-K - Current report
October 17 2023 - 4:53PM
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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): October
11, 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 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
As previously reported by Faraday Future
Intelligent Electric Inc., a Delaware corporation (the “Company”), in its Current Report on From 8-K filed with the
Securities and Exchange Commission (“SEC”) on October 10, 2023, Ke Sun, a member of the Board of Directors (the
“Board”) of the Company notified the Board that she has resigned as a director of the Company effective immediately. In
connection with Ms. Sun’s resignation, and to comply with Nasdaq Listing Rule 5605(b)(1)(A), on October 11, 2023, the
Company notified The Nasdaq Stock Market LLC (“Nasdaq”) that the Company was no longer in compliance with
Nasdaq’s independent requirements as set forth in Listing Rule 5605 as the Board was not comprised of a majority of
independent directors as required by Nasdaq Listing Rule 5605(b)(1).
On October 16, 2023, the Board determined that
in addition to Mr. Chad Chen, Mr. Jie Cheng, and Mr. Lev Peker, each of whom is an independent director, Ms. Li Han is independent
as defined by Nasdaq Listing Rule 5605. In addition, the Board voted to reduce the size of the Board from seven to six members, effective
immediately. As a result of such reduction, there are currently no vacancies on the Board.
With the determination of Ms. Han as independent,
the Company has regained compliance with Nasdaq Listing Rule 5605(b)(1) within the standard grace period for achieving such compliance
and the matter is now resolved.
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: October 17, 2023 |
By: |
/s/ Jonathan Maroko |
|
Name: |
Jonathan Maroko |
|
Title: |
Interim Chief Financial Officer |
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Oct. 11, 2023 |
Document Type |
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Document Period End Date |
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Entity File Number |
001-39395
|
Entity Registrant Name |
Faraday Future Intelligent Electric Inc.
|
Entity Central Index Key |
0001805521
|
Entity Tax Identification Number |
84-4720320
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
18455 S. Figueroa Street
|
Entity Address, City or Town |
Gardena
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
90248
|
City Area Code |
(424)
|
Local Phone Number |
276-7616
|
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Class A common stock, par value $0.0001 per share |
|
Title of 12(b) Security |
Class A common stock, par value $0.0001 per share
|
Trading Symbol |
FFIE
|
Security Exchange Name |
NASDAQ
|
Redeemable warrants, exercisable for shares of Class A common stock at an exercise price of $11.50 per share |
|
Title of 12(b) Security |
Redeemable warrants, exercisable for shares of Class A common stock at an exercise price of $11.50 per share
|
Trading Symbol |
FFIEW
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Security Exchange Name |
NASDAQ
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