Faraday Future shareholders approve 45% share authorization increase and reverse split up to 1-for-150

Filed May 22, 2026 · Period ending May 22, 2026 · ~1 min read

Key Changes

• high

  Shareholders approved increasing authorized common stock by 140.5M shares (45% increase) and preferred stock by 10.8M shares, significantly expanding the company's ability to issue new equity that could dilute existing holders.

  Item 5.07: Share authorization verify on EDGAR →
• high

  Board authorized to execute reverse stock split at any ratio up to 1-for-150 within one year. Such extreme ratios typically signal compliance concerns with exchange minimum bid price requirements.

  Item 5.07: Reverse split verify on EDGAR →
• medium

  Equity incentive plan expanded by 50.5M shares for employee compensation, adding to potential dilution but intended to attract and retain talent at the struggling EV maker.

  Item 5.07: Stock incentive plan verify on EDGAR →