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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): August 9, 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 August 9, 2023, Faraday Future Intelligent Electric Inc. (the “Company”) issued a press release announcing its special delivery campaign to kick off its Developer Co-Creation Festival and the broadcast of its FF 91 2.0 Futurist Alliance Delivery Ceremony the weekend of August 12-13, 2023. 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:

 

No.   Description of Exhibits
99.1   Press release of the Company, dated August 9, 2023
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

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 10, 2023 By: /s/  Jonathan Maroko
  Name:  Jonathan Maroko
  Title: Interim Chief Financial Officer

 

 

2

 

 

Exhibit 99.1

 

Faraday Future Kicks Off its Delivery Campaign Ahead of the
Developer Co-Creation Festival and the First FF 91 2.0 Futurist
Alliance Delivery Ceremony this Coming Weekend

 

Los Angeles, CA (August 9, 2023) -- Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced a special delivery campaign to kick off its Developer Co-Creation Festival and the broadcast for its FF 91 2.0 Futurist Alliance Delivery Ceremony which will highlight the upcoming vehicle deliveries to prospective vehicle users. With all of the necessary compliance processes and steps now completed, the stage is set to facilitate deliveries to users.

 

Since the Company announced the start of the phase-2 Co-Creation delivery, the relevant processes and steps that are needed before a vehicle delivery have now been completed. This includes the MCO (Manufacture Certificate of Origin) readiness, sales agreement, and final invoice among others. The Company is working diligently now on the final vehicle inspection and PDI (Pre-Delivery Inspection) process prior to the delivery ceremony. FF will showcase these key moments in its delivery campaign over the coming days.

 

The first user who will take delivery of the FF 91 2.0 Futurist Alliance vehicle comes from “Private Collection Motors,” a luxury car dealership based in Costa Mesa, California. The dealership specializes in selling high-end, exotic, and rare vehicles to discerning customers around the globe.

 

FF will hold its first vehicle delivery ceremony at the headquarters of “Private Collection Motors” for this user this coming weekend and will broadcast the delivery ceremony on August 15th to kick-off of the Developer Co-Creation Festival. The Company intends to hold additional customized delivery ceremonies for the first batch of car buyers.

 

FF is also actively signing purchase agreements for the FF 91 2.0 Futurist Alliance with additional potential owners and Developer Co-Creators. The Company looks forward to announcing its first FF 91 2.0 Futurist Alliance car owner of the second group of users of its Phase-2 Co-Creation delivery on August 16th. This user is an elite representative of related industries and is going to be a Developer Co-Creator as well.

 

A series of activities held by the Company during Monterey Car Week in mid-August will also be part of the Developer Co-Creation Festival. FF will attend the “FuelRun” event on August 16th and 17th and “Motorlux” on August 16th. The Company will invite Developer Co-Creators, including the first users of the Phase-2 Co-Creation delivery, and Developer Co-Creation candidates to attend the Developer Co-Creation signing ceremony on August 17th.

 

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: https://www.ff.com/us/mobile-app/.

 

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 “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, which include statements regarding the Company’s ability to obtain final vehicle inspection and PDI process and the Company’s ability to meet its future production and delivery plan, are not guarantees of future performance, conditions or results, and 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 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