Faraday Future expands authorized shares 45%, eliminates Series A Preferred Stock

Filed May 29, 2026 · Period ending May 27, 2026 · ~1 min read

Key Changes

• high

  Authorized common stock increased 45% to 452.8M shares and preferred stock increased 45% to 34.9M shares, expanding total authorized shares from 336.4M to 487.7M. This creates significant dilution risk if new shares are issued for financing or compensation.

  Item 5.03 verify on EDGAR →
• medium

  Share authorization increase was approved by stockholders at the May 22, 2026 annual meeting, indicating proper governance process before filing the charter amendment with Delaware authorities on May 27.

  Item 5.03 verify on EDGAR →
• medium

  Series A Preferred Stock class eliminated after all outstanding shares were automatically redeemed following the annual meeting, simplifying the capital structure by removing an inactive preferred stock designation.

  Item 5.03 verify on EDGAR →