FFIEW Faraday Future Intelligent Electric Inc

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 ☒
		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.

 

Item 8.

Exhibits

 

See the attached Exhibit Index at page II-2, which is incorporated herein by reference.

 

 

EXHIBIT INDEX

 

Exhibit Number		Description of Exhibit
4		Faraday Future Intelligent Electric Inc. Amended and Restated 2021 Stock Incentive Plan, effective June 20, 2024 (incorporated herein by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on August 1, 2024).
5		Opinion of O’Melveny & Myers LLP (opinion re legality).
23.1		Consent of Mazars USA LLP (consent of the Company’s former independent registered public accounting firm).
23.2		Consent of Counsel (included in Exhibit 5).
24		Power of Attorney (included in this Registration Statement under “Signatures”).
107		Filing Fee Table.

 

 

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.

 

	Faraday Future Intelligent Electric Inc.
	By:	/s/ Jonathan Maroko
		Jonathan Maroko
		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)
/s/ Chad Chen		Director		September 17, 2024
Chad Chen
/s/ Chui Tin Mok		Director		September 17, 2024
Chui Tin Mok
/s/ Lev Peker		Director		September 17, 2024
Lev Peker
/s/ Jie Sheng		Director		September 17, 2024
Jie Sheng

 

 

II-3

 

Exhibit 5

 

 

 

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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