Faraday Future Intelligent Electric Inc. filed a preliminary proxy statement on November 6, 2026, seeking stockholder approval at a special meeting scheduled for December 15, 2026, to authorize a reverse stock split of its Class A and Class B common stock at a ratio of up to 1-for-80.

Key Highlights

  • Special meeting date: December 15, 2026 at 9:00 a.m. Pacific Time, held in a virtual-only format via live audio webcast.
  • Reverse split ratio: The proposed amendment would allow a reverse stock split of up to 1-for-80, with the specific ratio left to the board's discretion.
  • Share classes affected: Both Class A common stock (par value $0.0001 per share) and Class B common stock (par value $0.0001 per share) would be subject to the split.
  • Board timing authority: If approved, the board may implement the split at any time within one year after the conclusion of the special meeting, or not at all.
  • Record date: November 5, 2026 is the record date; only stockholders of record at the close of business on that date may vote.
  • Proxy mailing: Notice and proxy materials are expected to be first mailed on or about November 17, 2026.
  • Board recommendation: The board recommends a vote "FOR" both Proposal 1 (the reverse split) and Proposal 2 (adjournment authority, if needed).

Faraday Future Seeks Stockholder Approval for Charter Amendment to Enable Reverse Split

According to the preliminary proxy statement, Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI), an electric vehicle company incorporated in Delaware and headquartered at 1990 E. Grand Avenue, El Segundo, California 90245, is asking stockholders to approve an amendment to its Third Amended and Restated Certificate of Incorporation. The proposed amendment would authorize a reverse stock split of all issued and outstanding shares of common stock at a ratio of up to 1-for-80, with the exact ratio to be chosen at the board of directors' discretion.

The filing states that the special meeting will be held in a virtual meeting format only, via live audio webcast, with online access opening at 8:45 a.m. Pacific Time and the meeting beginning promptly at 9:00 a.m. Pacific Time on December 15, 2026. Stockholders will not be able to attend in person, according to the filing. The proxy materials note that voting may be completed over the internet, by telephone, or by mailing the enclosed proxy card.

The filing describes a second proposal, the Adjournment Proposal, which would authorize one or more adjournments of the special meeting if sufficient votes have not been received to pass any of the proposals, or if the chairperson otherwise determines an adjournment is appropriate. The board of directors recommends a vote in favor of both proposals. The proxy solicitor identified in the filing is Georgeson LLC, located at 51 West 52nd Street, 6th Floor, New York, NY 10019.

What Was Disclosed

Faraday Future Intelligent Electric Inc. filed a preliminary proxy statement covering two proposals for a December 15, 2026 special stockholder meeting: approval of a reverse stock split of up to 1-for-80 for both share classes, and an adjournment proposal, with the record date set as November 5, 2026.