false
--12-31
0001805521
0001805521
2024-08-14
2024-08-14
0001805521
FFIE:ClassCommonStockParValue0.0001PerShareMember
2024-08-14
2024-08-14
0001805521
FFIE:RedeemableWarrantsExercisableForSharesOfClassCommonStockAtExercisePriceOf2760.00PerShareMember
2024-08-14
2024-08-14
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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 14, 2024
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 $2,760.00 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
3.03 Material Modifications to Rights of Security Holders.
On August 14, 2024, Faraday Future Intelligent
Electric Inc. (the “Company”) filed a fourth amendment (the “Certificate of Amendment”) to the Company’s
Third Amended and Restated Certificate of Incorporation (as amended, the “Charter”) with the Secretary of State of the State
of Delaware to effect a reverse stock split at a ratio of 1:40 (the “Reverse Stock Split”) and to set the number of authorized
shares of common stock, par value $0.0001 per share, of the Company (the “Common Stock”) to 104,245,313 (which is 4,169,812,500
divided by 40, the reverse stock split ratio determined by the Board). The Certificate of Amendment was authorized by the stockholders
of the Company at the Company’s Annual Meeting of Stockholders held on July 31, 2024.
Pursuant to the Certificate of Amendment, effective
as of 5:00 p.m., Eastern Time, on August 16, 2024 (the “Effective Time”), every 40 shares of the issued and outstanding Common
Stock will be automatically converted into one share of Common Stock, without any change in par value per share, and the number of authorized
shares of Common Stock will be reduced to 104,245,313.
At the Effective Time, the number of shares of
Common Stock reserved for issuance under the Company’s Amended and Restated 2021 Stock Incentive Plan, the Company’s Smart
King Ltd. Equity Incentive Plan, and the Company’s Smart King Ltd. Special Talent Incentive Plan (collectively, the “Plans”),
as well as the number of shares subject to the then-outstanding awards under each of the Plans, will be proportionately adjusted, using
the 1-for-40 ratio, rounded down to the nearest whole share. In addition, the exercise price of the then-outstanding options under each
of the Plans will be proportionately adjusted, using the 1-for-40 ratio, rounded up to the nearest whole cent. Proportionate adjustments
will be made to the number of shares of Common Stock issuable upon exercise or conversion of the Company’s outstanding warrants
and convertible securities, as well as the applicable exercise or conversion prices.
The Company’s Class A Common Stock is expected
to begin trading on the Nasdaq Capital Market on a split-adjusted basis at the opening of trading on August 19, 2024. The Class A Common
Stock will continue trading on the Nasdaq Capital Market under the symbol “FFIE” with a new CUSIP number (307359 885). The
Class B Common Stock will also have a new CUSIP number (307359 877). The Company’s publicly traded warrants will continue to be
traded on the Nasdaq Capital Market under the symbol “FFIEW” and the CUSIP number for the warrants will remain unchanged.
However, under the terms of the applicable warrant agreement, the number of shares of Class A Common Stock issuable on exercise of each
warrant will be proportionately decreased. Specifically, following effectiveness of the Reverse Stock Split, every 40 shares of Class
A Common Stock that may be purchased pursuant to the exercise of public warrants will now represent one share of Class A Common Stock
that may be purchased pursuant to such warrants. Accordingly, for the Company’s warrants trading under the symbol “FFIEW”,
every 40 warrants will be exercisable for one share of Class A Common Stock at an exercise price of $110,400.00 per share of Class A Common
Stock.
No fractional shares of Common Stock will be issued
as a result of the Reverse Stock Split. Stockholders who would otherwise receive a fractional share will instead be issued a full share
in lieu of such fractional share. The Reverse Stock Split will affect all record holders of the Common Stock uniformly and will not affect
any record holder’s percentage ownership interest in the Company, except for de minimis changes as a result of the elimination of
fractional shares. Holders of Common Stock who hold in “street name” in their brokerage accounts do not have to take any action
as a result of the Reverse Stock Split. Their accounts will be automatically adjusted to reflect the number of shares owned. Stockholders
of record will be receiving information from Continental Stock Transfer & Trust Company regarding their stock ownership following
the Reverse Stock Split.
The foregoing description of the Certificate of
Amendment is a summary and is qualified in its entirety by the terms of the Certificate of Amendment, a copy of which is filed as Exhibit
3.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item
5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The disclosure set forth under Item 3.03 above
is incorporated herein by reference.
Item
7.01 Regulation FD Disclosure.
On August 15, 2024, the Company issued a press
release announcing the Reverse Stock Split and authorized share reduction. A copy of the press release is attached hereto as Exhibit 99.1
and incorporated in this Item 7.01 by reference.
As provided in General Instruction B.2 of Form
8-K, the information in this Item 7.01 and Exhibit 99.1 furnished hereunder shall not be deemed to be “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall they be deemed to be incorporated
by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing.
Item
8.01 Other Events.
The information provided in Item 5.03 is hereby incorporated by reference.
The Company has registration statements on Form
S-3 (Nos. 333-271664, 333-268972, 333-269729, 333-268722, 333-272745, 333-272354 and 333-274247) and registration statements on Form S-8
(File No. 333-266901, 333-271662 and 333-274248) on file with the Securities and Exchange Commission (the “Commission”). Commission
regulations permit the Company to incorporate by reference future filings made with the Commission pursuant to Sections 13(a), 13(c),
14 or 15(d) of the Exchange Act, prior to the termination of the offerings covered by registration statements filed on Form S-3 or Form
S-8. The information incorporated by reference is considered to be part of the prospectus included within each of those registration statements.
Information in this Item 8.01 of this Current Report on Form 8-K is therefore intended to be automatically incorporated by reference into
each of the active registration statements listed above, thereby amending them. Pursuant to Rule 416(b) under the Securities Act, the
amount of undistributed shares of Common Stock deemed to be covered by the effective registration statements of the Company described
above are proportionately reduced as of the Effective Time to give effect to the Reverse Stock Split.
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 15, 2024 |
By: |
/s/ Jonathan Maroko |
|
Name: |
Jonathan Maroko |
|
Title: |
Interim Chief Financial Officer |
3
Exhibit 3.1
FOURTH CERTIFICATE OF AMENDMENT
TO THE
THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION
OF
FARADAY FUTURE INTELLIGENT ELECTRIC INC.
Faraday Future Intelligent Electric
Inc. (the “Corporation”), a corporation organized and existing under and by virtue of the General Corporation
Law of the State of Delaware (“DGCL”), hereby certifies as follows:
1. The
name of the Corporation is Faraday Future Intelligent Electric Inc. (originally incorporated as Property Solutions Acquisition Corp.).
2. The
original Certificate of Incorporation of the Corporation (the “Original Certificate”) was filed with the Secretary
of State of the State of Delaware on February 11, 2020.
3. The
Corporation amended and restated the Original Certificate, which was filed with the Secretary of State of the State of Delaware on July
21, 2020 (the “Amended and Restated Certificate”).
4. The
Corporation further amended and restated the Amended and Restated Certificate, which was filed with the Secretary of State of the State
of Delaware on July 21, 2021 (the “Second Amended and Restated Certificate”).
5. The
Corporation has four times amended the Second Amended and Restated Certificate, (i) which certificate of amendment to the Second Amended
and Restated Certificate was filed with the Secretary of State of the State of Delaware on November 22, 2022, (ii) which second certificate
of amendment to the Second Amended and Restated Certificate was filed with the Secretary of State of the State of Delaware on March 1,
2023, (iii) which Certificate of Designation of Preferences, Rights and Limitations of Series A Preferred Stock was filed with the Secretary
of State of the State of Delaware on June 16, 2023, and (iv) which Certificate of Elimination of Series A Preferred Stock was filed with
the Secretary of State of the State of Delaware on August 24, 2023.
6. The
Corporation further amended and restated the Second Amended and Restated Certificate, which was filed with the Secretary of State of the
State of Delaware on August 24, 2023 (the “Third Amended and Restated Certificate”).
7. The
Corporation has seven times amended the Third Amended and Restated Certificate, (i) which Certificate of Designation of Preferences, Rights
and Limitations of Series A Preferred Stock was filed with the Secretary of State of the State of Delaware on December 21, 2023, (ii)
which Certificate of Elimination of Series A Preferred Stock was filed with the Secretary of State of the State of Delaware on February
5, 2024, (iii) which certificate of amendment to the Third Amended and Restated Certificate was filed with the Secretary of State of the
State of Delaware on February 5, 2024, (iv) which second certificate of amendment to the Third Amended and Restated Certificate was filed
with the Secretary of State of the State of Delaware on February 23, 2024, (v) which Certificate of Designation of Preferences, Rights
and Limitations of Series A Preferred Stock was filed with the Secretary of State of the State of Delaware on June 21, 2024, (vi) which
Certificate of Elimination of Series A Preferred Stock was filed with the Secretary of State of the State of Delaware on August 1, 2024
and (vii) which third certificate of amendment to the Third Amended and Restated Certificate was filed with the Secretary of State of
the State of Delaware on August 1, 2024.
8. The
first two paragraphs of Section 4.1 of the Third Amended and Restated Certificate of Incorporation are hereby amended and restated to
read in its entirety as follows:
“Section 4.1 Pursuant
to the DGCL, at 5:00 p.m. Eastern Time on August 16, 2024 (the “Effective Time”) each set of forty (40) shares
of common stock, $0.0001 par value per share (the “Common Stock”) issued and outstanding or held by the Corporation
in treasury stock immediately prior to the Effective Time shall be combined into one (1) validly issued, fully paid and non-assessable
share of Common Stock, without any further action by the Corporation or the holder thereof, subject to the treatment of fractional share
interests as described below (the “Reverse Stock Split”). No certificates representing fractional shares of
Common Stock shall be issued in connection with the Reverse Stock Split. Stockholders who otherwise would be entitled to receive fractional
shares of Common Stock shall be entitled to receive the number of shares rounded up to the next whole number. Each certificate that immediately
prior to the Effective Time represented shares of Common Stock (each, an “Old Certificate”) shall thereafter
represent that number of shares of Common Stock into which the shares of Common Stock represented by the Old Certificate shall have been
combined, subject to the elimination of fractional share interests as described above.
Immediately after the Effective
Time, the total number of shares of all classes of capital stock that the Corporation is authorized to issue is 114,245,313 shares, consisting
of two classes of stock: (i) 104,245,313 shares Common Stock, and (ii) 10,000,000 shares of Preferred Stock $0.0001 par value per share
(the “Preferred Stock”). The class of Common Stock shall be divided into two series of stock composed of (i)
99,815,625 shares of Class A Common Stock (the “Class A Common Stock”), and (ii) 4,429,688 shares of Class B
Common Stock (the “Class B Common Stock”). For the avoidance of doubt, the Class A Common Stock and Class B
Common Stock are separate series within a single class of Common Stock, and are referred to herein together as the “Common Stock.”.”
9. This
Fourth Amendment to the Third Amended and Restated Certificate of Incorporation was duly adopted in accordance with the provisions of
Section 242 of the DGCL.
[Signature Page Follows]
IN WITNESS WHEREOF, Faraday
Future Intelligent Electric Inc. has caused this Certificate of Amendment to be signed by its Chief Executive Officer on this 13th day
of August, 2024.
|
FARADAY FUTURE INTELLIGENT ELECTRIC INC. |
|
|
|
By: |
/s/ Matthias Aydt |
|
Name: |
Matthias Aydt |
|
Title: |
Global Chief Executive Officer |
3
Exhibit 99.1
FARADAY
FUTURE ANNOUNCES REVERSE STOCK SPLIT AND AUTHORIZED SHARE REDUCTION
LOS ANGELES--(BUSINESS WIRE)--Aug. 15, 2024
-- Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“Faraday Future”, “FF” or the “Company”),
a California-based global shared intelligent electric mobility ecosystem company, today announced that the Company intends to implement
a reverse stock split of the issued and outstanding shares of the Company’s common stock, par value $0.0001 per share
(the “common stock”), at a ratio of 1-for-40 (the “reverse stock split”), that is expected to become effective
at 5:00 p.m. ET on August 16, 2024. The Company’s common stock is expected to begin trading on a split-adjusted basis
commencing upon market open on August 19, 2024.
As previously disclosed, at the Company’s
Annual Meeting of Stockholders held on July 31, 2024, the Company’s stockholders voted to approve a proposal authorizing the
Board of Directors of the Company (the “Board”) to amend the Company’s Third Amended and Restated Certificate of Incorporation
(as amended, the “Charter”) to effect a reverse stock split of the Company’s issued and outstanding common stock and
a corresponding reduction in the total number of shares of common stock the Company is authorized to issue. On August 4, 2024, the Board
approved a 1-for-40 reverse stock split. As a result of the reverse stock split, every 40 shares of the Company’s issued and outstanding
common stock will be automatically combined and converted into one issued and outstanding share of common stock. The Company’s Class
A common stock will trade under a new CUSIP number, 307359 885, effective August 19, 2024, and remain listed on the Nasdaq Capital
Market under the symbol “FFIE.” The Company’s Class B common stock will have a new CUSIP number, 307359 877, effective August
19, 2024. The Company’s publicly traded warrants will continue to be traded on the Nasdaq Capital Market under the symbol “FFIEW”
and the CUSIP number for the warrants will remain unchanged. However, under the terms of the applicable warrant agreement, the number
of shares of Class A common stock issuable on exercise of each warrant will be proportionately decreased. Specifically, following effectiveness
of the reverse stock split, every 40 shares of Class A common stock that may be purchased pursuant to the exercise of public warrants
now represents one share of Class A common stock that may be purchased pursuant to such warrants. Accordingly, for the Company’s
warrants trading under the symbol “FFIEW”, every 40 warrants will be exercisable for one share of Class A common stock at
an exercise price of $110,400 per share of Class A common stock. The reverse stock split reduces the number of shares of common stock
issuable upon the conversion of the Company’s outstanding convertible securities, and the exercise or vesting of its outstanding
stock options, restricted stock units and private warrants in proportion to the ratio of the reverse stock split and causes a proportionate
increase in the conversion and exercise prices of such convertible securities, stock options, restricted stock units and private warrants.
In addition, the authorized shares of common stock will be reduced from 4,169,812,500 to 104,245,313.
No fractional shares of common stock will
be issued as a result of the reverse stock split. Stockholders of record who would otherwise be entitled to receive a fractional share
will be entitled to receive from the Company one full share of the post-reverse stock split common stock. The reverse stock split impacts
all holders of the Company’s common stock proportionally and will not impact any stockholder’s percentage ownership of the
Company’s common stock.
Faraday Future has chosen its transfer agent, Continental
Stock Transfer & Trust Company, to act as exchange agent for the reverse stock split. Stockholders owning shares via a bank, broker
or other nominee will have their positions automatically adjusted to reflect the reverse stock split and will not be required to take
further action in connection with the reverse stock split, subject to brokers’ particular processes.
Additional information about the reverse stock
split and the related Charter amendment can be found in the Company’s definitive proxy statement filed with the Securities
and Exchange Commission on July 5, 2024.
ABOUT FARADAY FUTURE
Faraday Future is the pioneer of the Ultimate
AI 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. FF remains dedicated to advancing electric vehicle technology to meet
the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility.
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, which include
statements regarding the expected timing and implementation of the reverse stock split and the commencement of trading of the Company’s
post-split common stock, 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
regain compliance with, and thereafter continue to comply with, the Nasdaq listing requirements; the Company’s ability to pay its
outstanding obligations; the Company’s ability to raise necessary capital, including but not limited to the capital required to
fund production of the FF 91 and the Bridge Strategy; the Company’s ability to remediate its material weaknesses in internal control
over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s
limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued
losses; the success of the Company’s payroll expense reduction plan; 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 Company’s
ability to cover future warrant claims; the success of other competing manufacturers; the performance and security of the Company’s
vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions
precedent of 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; the Company’s indebtedness; the Company’s
ability to cover future warranty claims; insurance coverage; general economic and market conditions impacting demand for the Company’s
products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient
or may not achieve their expected results; circumstances outside of the Company’s control, such as natural disasters, climate change,
health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company’s operations in China; the success
of the Company’s remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers
and contract manufacturer; the Company’s ability to develop and protect its technologies; the Company’s ability to protect
against cybersecurity risks; 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 for
the year ended December 31, 2023 filed with the Securities and Exchange Commission (“SEC”) on May 28, 2024, as amended on
May 30, 2024 and June 24, 2024, as updated by the “Risk Factors” section of the Company’s Form 10-Q for the quarter
ended March 31, 2024 filed with the SEC on July 30, 2024, 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
v3.24.2.u1
Cover
|
Aug. 14, 2024 |
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Aug. 14, 2024
|
Current Fiscal Year End Date |
--12-31
|
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
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
false
|
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 $2,760.00 per share |
|
Title of 12(b) Security |
Redeemable warrants, exercisable for shares of Class A common stock at an exercise price of $2,760.00 per share
|
Trading Symbol |
FFIEW
|
Security Exchange Name |
NASDAQ
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionEnd date of current fiscal year in the format --MM-DD.
+ References
+ Details
Name: |
dei_CurrentFiscalYearEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:gMonthDayItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=FFIE_ClassCommonStockParValue0.0001PerShareMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=FFIE_RedeemableWarrantsExercisableForSharesOfClassCommonStockAtExercisePriceOf2760.00PerShareMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
Faraday Future Intellige... (NASDAQ:FFIE)
Historical Stock Chart
From Sep 2024 to Oct 2024
Faraday Future Intellige... (NASDAQ:FFIE)
Historical Stock Chart
From Oct 2023 to Oct 2024