As filed with the Securities and Exchange Commission
on September 17, 2024
Registration No.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Faraday Future Intelligent Electric Inc.
(Exact name of registrant as specified in its charter)
| Delaware |
|
84-4720320 |
(State or other jurisdiction of
incorporation or organization) |
|
(I.R.S. Employer
Identification No.) |
18455 S. Figueroa Street
Gardena, CA 90248
(Address, including zip code, of Principal Executive Offices)
Faraday Future Intelligent Electric Inc.
Amended and Restated 2021 Stock Incentive Plan
(Full title of the plan)
Scott A. Graziano
Global General Counsel
Faraday Future Intelligent Electric Inc.
18455 S. Figueroa Street
Gardena, CA 90248
(310) 415-4807
(Name, address and telephone number, including
area code, of agent for service)
COPY TO:
Jeeho M. Lee
O’Melveny & Myers LLP
1301 Avenue of the Americas
Suite 1700
New York, NY 10019
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of
“large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth
company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer ☐ |
|
Accelerated filer ☐ |
|
| Non-accelerated filer ☒ |
|
Smaller reporting company ☒ |
|
| |
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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 7(a)(2)(B) of the Securities Act. ☐
EXPLANATORY NOTE
This Registration Statement is filed by Faraday
Future Intelligent Electric Inc. (the “Company” or “Registrant”) to register additional securities issuable pursuant
to the Faraday Future Intelligent Electric Inc. Amended and Restated 2021 Stock Incentive Plan (the “Plan”) and consists of
only those items required by General Instruction E to Form S-8.
PART I
INFORMATION REQUIRED IN THE
SECTION 10(a) PROSPECTUS
The document(s) containing the information specified
in Part I of Form S-8 will be sent or given to participants as specified by Rule 428(b)(1) promulgated under the Securities Act of 1933,
as amended (the “Securities Act”).
PART II
INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
| Item 3. |
Incorporation of Certain Documents by Reference |
The following documents of Faraday Future Intelligent
Electric Inc. (the “Company” or “Registrant”) filed with the Securities and Exchange Commission (the “Commission”)
are incorporated herein by reference:
| |
(a) |
The Company’s Registration Statements on Form S-8, filed with the Commission on August 15, 2022, May 5, 2023 and August 28, 2023 (Commission File Nos. 333-266901, 333-271662 and 333-274248, respectively); |
| |
(b) |
The Company’s Annual Report on Form 10-K for its fiscal year ended December 31, 2023, filed with the Commission on May 28, 2024 (as amended by Form 10-K/A, filed with the Commission on May 30, 2024, and as further amended by Form 10-K/A, filed with
the Commission on June 24, 2024) (Commission File No. 001-39395); |
| |
(c) |
The Company’s Quarterly Reports on Form 10-Q for its fiscal quarter ended March 31, 2024, filed with the Commission on
July 30, 2024 and for its fiscal quarter ended June 30, 2024, filed with the Commission on August 14, 2024 (Commission File No. 001-39395); |
| |
(d) |
The Company’s Current Reports on Form 8-K, filed with the Commission on February 7, 2024, February 26, 2024 (Items 3.03,
5.03 and 8.01 and Exhibit 3.1 only), March 1, 2024, March 15, 2024, April 15, 2024, April 24, 2024, April 26, 2024, May 28, 2024
(Item 3.01 only), June 11, 2024, June 25, 2024 (Items 1.01, 3.02, 3.03, 4.01 and 5.03 and Exhibits 3.1, 10.1 and 16.1 only), June 27, 2024 (Item 8.01 only), July 12, 2024, August 1, 2024, August 5, 2024, August 15, 2024 (Items 3.03, 5.03 and 8.01 and Exhibit
3.1 only), September 6, 2024 (Items 1.01, 2.03, 3.02 and 8.01 and Exhibits 4.1, 4.2, 4.3, 4.4, 10.1, 10.2, 10.3 and 99.2 only), September 10, 2024, and September 13, 2024 (each, Commission File No. 001-39395, and in each case only as to the information “filed”
with the Commission thereunder for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) and not as to information “furnished” thereunder); and |
| |
(e) |
The description of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), included
in Amendment No. 2 to the Company’s Registration Statement on Form S-3, filed with the Commission on August 29, 2023 (Commission
File No. 333-272354), and any other amendment or report filed for the purpose of updating such description. |
All documents subsequently filed by the Company
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment that indicates
that all securities offered hereby have been sold or that deregisters all securities then remaining unsold, shall be deemed to be incorporated
by reference into this Registration Statement and to be a part hereof from the date of filing of such documents; provided, however, that
documents or information deemed to have been furnished and not filed in accordance with Commission rules shall not be deemed incorporated
by reference into this Registration Statement. Any statement contained herein or in a document, all or a portion of which is incorporated
or deemed to be incorporated by reference herein, shall be deemed to be modified or superseded for purposes of this Registration Statement
to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated
by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as
so modified or amended, to constitute a part of this Registration Statement.
| Item 5. |
Interests of Named Experts and Counsel |
Not applicable.
See the attached Exhibit Index at page II-2, which
is incorporated herein by reference.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities
Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Form S-8 Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the
City of Gardena, State of California, on September 17, 2024.
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Faraday Future Intelligent Electric Inc. |
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|
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By: |
/s/ Jonathan Maroko |
| |
|
Jonathan Maroko |
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|
Interim Chief Financial Officer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes
and appoints Matthias Aydt, Jonathan Maroko and Scott Graziano, and each of them, acting individually and without the other, as his true
and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him and in his name, place, and stead,
in any and all capacities, to sign any and all amendments (including post-effective amendments, exhibits thereto and other documents in
connection therewith) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection
therewith, with the Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and
perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes
as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them individually,
or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities
Act, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
| Signature |
|
Title |
|
Date |
| |
|
|
|
|
| /s/ Matthias Aydt |
|
Global Chief Executive Officer and Director |
|
September 17, 2024 |
| Matthias Aydt |
|
(Principal Executive Officer) |
|
|
| |
|
|
|
|
| /s/ Jonathan Maroko |
|
Interim Chief Financial Officer |
|
September 17, 2024 |
| Jonathan Maroko |
|
(Principal Financial and Accounting Officer) |
|
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| /s/ Chad Chen |
|
Director |
|
September 17, 2024 |
| Chad Chen |
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| /s/ Chui Tin Mok |
|
Director |
|
September 17, 2024 |
| Chui Tin Mok |
|
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|
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| /s/ Lev Peker |
|
Director |
|
September 17, 2024 |
| Lev Peker |
|
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| /s/ Jie Sheng |
|
Director |
|
September 17, 2024 |
| Jie Sheng |
|
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II-3
Exhibit 5
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| O’Melveny & Myers LLP |
T: +1 212 326 2000 |
File Number: |
| 1301 Avenue of the Americas |
F: +1 212 326 2061 |
0255997-00010 |
| Suite 1700 |
omm.com |
|
| New York, NY 10019-6022 |
|
|
September 17, 2024
Faraday Future Intelligent Electric Inc.
18455 S. Figueroa Street
Gardena, CA 90248
| Re: | Registration of Securities of Faraday Future Intelligent
Electric Inc. |
Ladies and Gentlemen:
In connection with the registration of up to 2,206,324
shares (the “Shares”) of Class A Common Stock of Faraday Future Intelligent Electric Inc., a Delaware corporation (the
“Company”), par value $0.0001 per share (the “Class A Common Stock”), under the Securities Act of
1933, as amended, pursuant to a Registration Statement on Form S-8 (the “Registration Statement”), filed with the Securities
and Exchange Commission on or about the date hereof, such Shares to be issued or delivered pursuant to the Faraday Future Intelligent
Electric Inc. Amended and Restated 2021 Stock Incentive Plan (the “Plan”), you have requested our opinion set forth
below. Shares are adjusted by the Company to take into account the 1-for-40 reverse stock split of the Company’s Class A Common
Stock and Class B common stock, par value $0.0001 per share, effective as of August 16, 2024.
In our capacity as counsel, we have examined originals
or copies of those corporate and other records of the Company we considered appropriate.
On the basis of such examination and our consideration
of those questions of law we considered relevant, and subject to the limitations and qualifications in this opinion, we are of the opinion
that the Shares have been duly authorized by all necessary corporate action on the part of the Company and, when issued in accordance
with such authorization, the provisions of the Plan and relevant agreements duly authorized by and in accordance with the terms of the
Plan, and upon payment for and delivery of the Shares as contemplated in accordance with the Plan, and either (a) the countersigning of
the certificate or certificates representing the Shares by a duly authorized signatory of the registrar for the Class A Common Stock,
or (b) the book-entry of the Shares by the transfer agent for the Class A Common Stock in the name of The Depository Trust Company or
its nominee, the Shares will be validly issued, fully paid and non-assessable.
We consent to your filing this opinion as an exhibit
to the Registration Statement.
Respectfully submitted,
/s/ O’Melveny & Myers LLP
Austin ● Century City ● Dallas ●
Houston ● Los Angeles ● Newport Beach ● New York ● San Francisco ● Silicon Valley ● Washington, DC
Beijing ● Brussels ● Hong Kong ●
London ● Seoul ● Shanghai ● Singapore ● Tokyo
Exhibit 23.1
Consent of Independent Registered Public Accounting
Firm
We hereby consent to the incorporation by reference in the Registration
Statement of Faraday Future Intelligent Electric, Inc. on Form S-8 of our report dated May 28, 2024, related to the consolidated financial
statements of Faraday Future Intelligent Electric Inc. as of and for the years ended December 31, 2023 and 2022, which appear in the
Annual Report on Form 10-K of Faraday Future Intelligent Electric, Inc. for the year ended December 31, 2023. The report for Faraday
Future Intelligent Electric, Inc. includes an explanatory paragraph about the existence of substantial doubt about its ability to continue
as a going concern.
| /s/ Mazars USA LLP |
|
| New York, New York |
|
| September 17, 2024 |
|
Exhibit 107
CALCULATION OF FILING FEE TABLE
Form S-8
(Form Type)
Faraday Future Intelligent Electric Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
| Security Type | |
Security
Class
Title | |
Fee
Calculation
Rule | |
Amount
Registered(1) | | |
Proposed
Maximum
Offering
Price
Per Unit(2) | | |
Maximum
Aggregate
Offering
Price(2) | | |
Fee Rate | | |
Amount of
Registration
Fee | |
| Equity | |
Class A Common Stock, par value of $0.0001 per share, issuable pursuant to the Registrant’s Amended and Restated 2021 Stock Incentive Plan | |
Rule 457(c) and Rule 457(h) | |
| 2,206,324 | (3) | |
$ | 3.80 | | |
$ | 8,384,031.20 | | |
| 0.00014760 | | |
$ | 1,237.49 | |
| Total Offering Amounts | | |
| | | |
$ | 8,384,031.20 | | |
| | | |
$ | 1,237.49 | |
| Total Fee Offsets | | |
| | | |
| | | |
| | | |
$ | 0 | |
| Net Fee Due | | |
| | | |
| | | |
| | | |
$ | 1,237.49 | |
| (1) |
This Registration Statement covers, in addition to the number of shares of Faraday Future Intelligent Electric Inc., a Delaware corporation (the “Company” or the “Registrant”), Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), stated above, options and other rights to purchase or acquire the shares of Class A Common Stock covered by this Registration Statement and, pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), an additional indeterminate number of shares, options and rights that may be offered or issued pursuant to the Faraday Future Intelligent Electric Inc. Amended and Restated 2021 Stock Incentive Plan (the “Plan”) as a result of one or more adjustments under the Plan to prevent dilution resulting from one or more stock splits, stock dividends or similar transactions. |
| (2) |
Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(h) and Rule 457(c) promulgated under the Securities Act. The offering price per share and the aggregate offering price are based upon the average of the high and low prices of the Class A Common Stock as reported on the Nasdaq Stock Market on September 16, 2024, in accordance with Rule 457(c) of the Securities Act. |
| (3) |
Adjusted by the Registrant to take into account the 1-for-40 reverse stock split of the Company’s Class A Common Stock and Class B common stock, par value $0.0001 per share, effective as of August 16, 2024. |
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