Faraday Future Announces Annual General Meeting Results, Reinforcing Strategic Vision and Financial Stability
Faraday Future Intelligent Electric Inc. a California-based global intelligent electric mobility company, has announced the results of its 2025 Annual General Meeting of Stockholders. The event marked a significant step forward for the company, as shareholders overwhelmingly approved a series of proposals designed to strengthen its financial foundation and enable the leadership team to stay on track toward launching FX vehicle production by the end of 2025.
The meeting demonstrated a unified vote of confidence in Faraday Future’s long-term business strategy, including its aggressive push to commercialize its FX model line and strengthen its position within the intelligent electric vehicle (EV) industry.
Unwavering Shareholder Support
In a statement following the meeting, YT Jia, Founder and Co-Chief Executive Officer of Faraday Future, expressed appreciation for the strong backing from shareholders.
“We are pleased with the overwhelming support from our stockholders at the recent Annual Meeting,” said Jia. “As owners of our Company, our stockholders see the value in our long-term strategy and have provided us the tools we need to execute our plan and bring forth strong results as we realize our vision to lead the intelligent electric vehicle industry.”
The vote signals that shareholders are aligned with FF’s ambitious roadmap and are willing to support leadership’s efforts to deliver value and innovation in a rapidly evolving EV market.
Key Proposals Approved
At the Annual General Meeting, stockholders approved several important proposals:
1. Board of Directors Reelection
All five members of the current Board of Directors—Matthias Aydt, Chad Chen, Chui Tin Mok, Jie Sheng, and Lev Peker—were reelected, each receiving approval from more than 95% of the voting shares. The reelection ensures continuity in FF’s governance and strategic oversight.
The directors bring a wide range of experience across industries such as automotive engineering, capital markets, technology, and global operations. Their collective leadership is expected to help steer FF through its next phase of growth, especially as it readies its FX model for commercial launch.
2. Private Placement Approval
Stockholders also approved the issuance of common stock to holders of certain convertible notes and warrants, in accordance with Nasdaq Listing Rule 5635(d). This move is designed to improve FF’s financial flexibility and ensure the company maintains compliance with Nasdaq listing standards.
The approval of this private placement reflects the company’s ongoing commitment to strengthen its balance sheet while creating pathways to raise additional capital to support R&D, manufacturing, and go-to-market efforts.
3. Increase in Authorized Share Capital
One of the most critical proposals on the ballot involved an amendment to the Company’s charter to increase the number of authorized shares. The changes are as follows:
- The number of authorized common stock shares increased by 38 million, from 129,245,313 to 167,245,313 shares.
- The number of authorized preferred stock shares increased by 2.9 million, from 10,000,000 to 12,900,000 shares.
- The combined total of authorized shares rose from 139,245,313 to 180,145,313 shares.
This increase in authorized shares does not affect the number of shares currently outstanding. Rather, it provides the company with enhanced flexibility to pursue strategic initiatives such as joint ventures, M&A activities, and future fundraising efforts. These initiatives are expected to support the development and promotion of both the FF and FX brands.
Advancing the FX Strategy
The shareholder approvals come at a pivotal time for Faraday Future, as the company accelerates the development of its flagship FX model series. The FX line is expected to represent the next generation of intelligent electric mobility, combining cutting-edge technology with sleek design and advanced performance features.
Key updates in the FX development program include:
- Prototype Mule Testing: FF has successfully built and approved FX prototype mules for public road testing. These vehicles are currently undergoing extensive testing across complex and diverse road conditions, including real-world environments to assess advanced driver assistance systems (ADAS).
- Super One Launch on Track: The company confirmed that its first production FX model—the Super One—is on track to debut in the summer of 2025. This model is expected to showcase many of the innovations developed under the FX platform and will be a key milestone in the company’s return to volume production.
- Strong Market Reception: Faraday Future reports that early reactions to the FX Super One have been overwhelmingly positive. Interest has come from a variety of stakeholders including U.S. consumers, automotive dealers, fleet operators, and car rental agencies. This early enthusiasm is being seen as a validation of the FX model’s market fit and potential demand.
Commitment to Transparency and Value Creation
During the meeting, Faraday Future’s leadership also reaffirmed the company’s ongoing efforts to maintain transparency and effective communication with its shareholders. This includes a commitment to avoid a reverse stock split unless absolutely necessary to maintain its Nasdaq listing.
The company also emphasized its strategy to optimize the use of equity and convertible debt offering proceeds. The goal is to strategically deploy these funds to fuel business development while maintaining a careful balance between capital generation and dilution risk.
Leadership’s Personal Investment
As a final demonstration of confidence in Faraday Future’s outlook, both YT Jia and FF Global President Jerry Wang announced personal purchases of company stock through 10b5-1 trading plans. The plans include a combined investment of $610,000 in FF common stock.
Such insider buying is often seen as a strong signal to the market that company leadership believes in the long-term value and growth prospects of the business. It also reflects management’s alignment with shareholder interests.
With the successful conclusion of its Annual General Meeting, Faraday Future is now fully equipped—both organizationally and financially—to continue executing its FX vehicle strategy. The company is entering a critical period where progress on the FX launch, public road testing, and operational readiness will be closely monitored by both investors and industry observers.
The approval of all major shareholder proposals is a strong vote of confidence in FF’s vision to become a leading force in the intelligent EV space. As the company builds momentum toward the FX Super One launch and other future initiatives, stakeholders are watching with cautious optimism as Faraday Future continues its transformation from a development-stage EV company into a commercial mobility brand with global reach.
