Faraday Future Intelligent Electric Inc.the California-based global embodied artificial intelligence
Faraday Future Intelligent Electric Inc. the California-based global embodied artificial intelligence (EAI) ecosystem company, announced that shareholders approved all proposals presented during its 2026 Annual Meeting of Stockholders held on May 22. The approvals are expected to strengthen the company’s financial position, support long-term business objectives, and enable leadership to advance its global EAI robotics strategy.
The meeting marked a significant step for Faraday Future as it seeks to reinforce its operational stability and position itself for future growth in the evolving physical AI and intelligent mobility landscape. Company executives described the shareholder vote as a strong endorsement of Faraday Future’s long-term roadmap, particularly its ambitions surrounding embodied AI technologies and robotics-focused ecosystem development.
Founder and Global CEO YT Jia welcomed the outcome of the annual meeting, emphasizing that the broad shareholder backing demonstrates confidence in the company’s evolving strategic direction.
According to Jia, shareholders recognize the long-term value of Faraday Future’s newly introduced strategic framework and have equipped the company with the necessary mechanisms to execute its business plans more effectively. He added that the annual meeting results reinforce Faraday Future’s broader mission of developing into a Physical AI ecosystem company capable of combining intelligent mobility, robotics, and AI-driven technologies.
The approved measures span several key areas, including board leadership, financing arrangements, stock issuance, share authorization, Nasdaq compliance planning, and talent retention incentives. Together, the proposals are intended to provide the company with greater financial flexibility while strengthening governance and execution capabilities.
Directors Re-Elected to Maintain Strategic Continuity
One of the major proposals approved by shareholders involved the election of five directors who will continue serving on the company’s board until the 2027 Annual Meeting of Stockholders or until successors are elected and qualified.
The elected directors include Jerry Wang, Xiao Jiang, Chad Chen, Kevin Chen, and Lev Peker.
Faraday Future stated that maintaining continuity within the board is expected to improve strategic oversight and help ensure alignment between financing decisions and operational performance. Leadership believes the structure supports stronger accountability and improves the company’s ability to execute on long-term objectives.
The company also highlighted the importance of governance optimization, noting that maintaining an experienced board can foster internal and external trust while supporting more effective implementation of its EAI ecosystem strategy. Company officials suggested that these governance measures align with Faraday Future’s broader commitment to safeguarding shareholder interests during a critical period of transformation.
Shareholder Approval Supports Major Financing Agreement
Another key proposal approved during the annual meeting relates to Faraday Future’s previously announced financing arrangement tied to certain promissory notes.
In accordance with Nasdaq Listing Rule 5635(d), shareholders approved the issuance of Class A common stock to holders of designated promissory notes, helping facilitate the company’s financing strategy.
Earlier this year, on April 17, 2026, Faraday Future entered into a notes purchase agreement valued at $45 million with an institutional investor. The agreement was designed to strengthen the company’s liquidity and provide additional financial resources to support strategic priorities.
Under the structure of the agreement, the promissory notes contain redemption provisions allowing repayment under specific circumstances in either cash or shares of common stock after the six-month anniversary of the transaction’s closing. Redemption values may be determined based on pricing adjustments tied to market performance.
Faraday Future explained that the structure of the financing arrangement was developed with shareholder interests in mind, aiming to balance business growth needs with long-term value protection.
The company views approval of the note purchase proposal as a critical milestone because it enables access to capital needed to support business execution throughout 2026. Executives believe the additional financial flexibility will accelerate implementation of the company’s Global EAI Strategy and help create stronger long-term shareholder value.
Faraday Future also directed investors seeking further information about the financing arrangement to the Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission in April.
Share Issuance Proposal Gains Shareholder Backing
Shareholders also approved a proposal authorizing the issuance of common stock tied to certain preferred stock holdings and warrants under Nasdaq regulations.
Faraday Future said the approval is important for fulfilling existing contractual obligations and preserving flexibility for future fundraising opportunities. Leadership believes the measure will also support deeper integration between the company’s embodied AI initiatives and its broader digital asset ecosystem ambitions.
Company officials noted that access to additional capital mechanisms remains essential as Faraday Future works to expand its business capabilities and support innovation initiatives tied to intelligent mobility and robotics.
Authorized Share Increase Intended to Support Future Growth
A major structural proposal approved during the meeting involved expanding the company’s authorized share count.
Shareholders agreed to increase the number of authorized Class A and Class B common shares by more than 140 million shares, bringing the total from approximately 312.3 million shares to roughly 452.8 million shares.
Additionally, the authorized preferred stock count will increase by over 10.8 million shares, expanding from approximately 24.1 million shares to nearly 34.9 million shares.
Combined, the total number of authorized shares of common and preferred stock will rise from approximately 336.4 million shares to nearly 487.7 million shares.
According to Faraday Future, maintaining a sufficient pool of authorized shares is important for addressing current obligations while also supporting future financing activities, acquisition opportunities, stock dividends, potential stock splits, employee compensation programs, and other corporate initiatives.
The company’s board believes the increase provides greater flexibility for long-term planning and ensures Faraday Future can respond more effectively to evolving business needs.
Reverse Stock Split Approved as Nasdaq Compliance Safeguard
Shareholders also approved a proposal permitting the company to implement a reverse stock split at a ratio of up to 1-for-150, although the exact ratio and timing will remain at the board’s discretion.
Faraday Future stressed that the approval does not mean a reverse stock split will automatically occur. Instead, the board will determine whether implementation is necessary based on market conditions and the company’s listing status.
The company reiterated its commitment to improving shareholder value through business execution and organic growth rather than relying solely on structural market measures.
Management explained that the reverse stock split authority is primarily intended to preserve compliance with Nasdaq listing requirements if necessary. Specifically, the company may consider implementation if its share price falls to levels that could increase the risk of delisting or if compliance with Nasdaq’s minimum bid price requirements remains unresolved during applicable compliance periods.
At the same time, Faraday Future emphasized that the board will retain discretion and is not obligated to implement the reverse stock split simply because authorization was approved.
Executives indicated that any future decision would be guided by what the board believes best serves shareholder interests.
Expanded Incentive Plan Aims to Attract Talent
In another important vote, shareholders approved amendments to the company’s amended and restated 2021 Stock Incentive Plan.
The proposal increases the number of Class A common shares available for issuance under the program by more than 50 million shares.
Faraday Future said the expanded incentive plan is designed to help attract, retain, and motivate key employees by offering long-term equity compensation opportunities in place of traditional cash incentives.
Leadership views talent acquisition and retention as critical to successfully executing its embodied AI and robotics strategy, particularly as competition for highly skilled technology professionals intensifies.
The company believes stock-based incentives can help align employee interests with shareholder value creation while supporting long-term operational goals.
Strengthening the Foundation for Long-Term Growth
With shareholder approval secured across all major proposals, Faraday Future now moves forward with additional governance, financial, and strategic flexibility as it advances its global EAI ambitions.
Company leadership believes the annual meeting results provide a stronger foundation for executing initiatives tied to embodied AI, robotics, intelligent mobility, and digital ecosystem integration.
As Faraday Future continues refining its identity as a Physical AI ecosystem company, executives remain focused on balancing financial discipline with innovation-driven growth. The approvals granted during the 2026 Annual Meeting are expected to play a central role in helping the company navigate both near-term challenges and long-term opportunities while maintaining its commitment to shareholder value creation.
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