Faraday Future cancels 237,615 warrants from March 2025 financing

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) announced it has entered into an amendment agreement to its Securities Purchase Agreement dated March 21, 2025, eliminating all remaining warrant obligations tied to that financing round.

The amendment removes the company's obligation to issue warrants exercisable for 64,489 shares of Class A common stock, along with investors' rights to receive warrants for approximately 173,126 additional shares. In total, approximately 237,615 potential warrants have been permanently removed, which the company says avoids nearly 40% of the potential maximum dilution from the financing round, based on the current stock price and a $5 conversion floor price.

Combined with warrants previously terminated in December 2025, all warrants originating from the March 2025 financing have now been cancelled. The earlier termination was disclosed in a Form 8-K filed with the SEC on January 2, 2026. Additional details on the current amendment are set forth in a Form 8-K filed with the SEC on August 21, 2026.

All five investors party to the original agreement have executed the amendment, which also includes a partial transfer of investment commitments and adjustments to the mechanics of remaining closings.

"This Amendment represents another concrete step in delivering on our commitment to capital value restoration and represents our latest action to clear the overhang of potential dilution while optimizing our capital structure," said Jerry Wang, Executive Chairman of Faraday Future.

Founded in 2014 and based in Los Angeles, Faraday Future describes itself as a Physical AI ecosystem company focused on robotics and mobility solutions.

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