Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) said it believes it regained compliance with the Nasdaq Capital Market's Equity Standard as of July 31, 2026, following a period in which its total stockholders' equity fell below the required minimum.

According to a press release, the company's total stockholders' equity stood at $1.412 million as of June 30, 2026, below the $2.5 million minimum required under Nasdaq Listing Rule 5550(b)(1). The company said it has maintained compliance through the date of its latest current financial report, and Nasdaq will continue to monitor its ongoing compliance.

During July and August 2026, Faraday Future said it reduced notes payable by approximately $10.0 million based on a preliminary fair valuation as of June 30, 2026, and lowered its derivative call option liability by approximately $5.8 million. Accounts payable and accrued liabilities decreased by approximately $15.3 million, driven primarily by a $13.5 million reduction in employee-related liabilities and a $2.5 million reduction in legacy vendor accounts payable, partially offset by new vendor payables.

The company noted that operating losses, asset depreciation, fair valuation of financial instruments, legal contingency assessments, and other expenses are expected to continue affecting net equity value. Final financial results for the third quarter of 2026 remain subject to auditor review and will be disclosed in the company's Form 10-Q for Q3 2026.

Separately, Faraday Future said cumulative sales and shipments of its EAI robot products reached 552 units by the end of August 2026, with deliveries having begun in February. The company said it is targeting full-year sales of 2,000 units and reported a positive product gross margin on those sales.

Faraday Future, founded in 2014 and based in Los Angeles, describes itself as a robotics and mobility company focused on embodied AI products. The company relies on Chinese original equipment manufacturers for all of its robotics products, a risk factor it has disclosed in regulatory filings.