Blog: FARADAY FUTURE INTELLIGENT ELECTRIC INC. : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) –

Item 7.01. Regulation FD Disclosure.

On July 25, 2022, Faraday Future Intelligent Electric Inc. (the “Company”)
issued an update on previously announced fundraising discussions and an updated
investor presentation. A copy of the investor presentation is furnished herewith
as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by

The Company is continuing to engage in confidential discussions and negotiations
with certain potential investors regarding a potential financing transaction to
raise additional capital to fund production activities through the end of 2022
and beyond.

Due to recent supply chain issues, start of production and first deliveries of
the Company’s FF 91 flagship electric vehicle in the United States are now
expected to commence in the third or fourth quarter of 2022.

The Company needs additional cash to commercially launch the FF 91, and is
currently seeking to raise additional capital to fund its operations through
December 31, 2022. The Company’s cash needs after the launch of the FF 91 will
depend on the extent to which the Company’s actual costs vary from the Company’s
estimates and the Company’s ability to control these costs and raise additional
funds. Any challenges in supplier engagements, delays in ramping capacity or
labor at the Company’s Hanford, California manufacturing facility or for sales
and service engagements, rising prices of materials, or ongoing global supply
chain disruptions may further increase the need for additional capital to launch
the FF 91 series. Apart from the FF 91 series, substantial additional capital
will be required to fund operations, research, development, and design efforts
for future vehicles.

The information in this Current Report on Form 8-K, including Exhibit 99.1
hereto, is being furnished and shall not be deemed “filed” for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that section, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933,
as amended, or the Exchange Act, except as expressly set forth by specific
reference in such a filing.

Forward-Looking Statements

This Current Report on Form 8-K (including the investor presentation attached as
Exhibit 99.1 hereto) includes “forward looking statements” within the meaning of
the safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995. When used in this report, the words “estimates,”
“projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,”
“believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations
of these words or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements, and include
(among others) statements regarding the expected timing of the production and
deliveries of FF 91 vehicles, the capital the Company is seeking to raise to
fund its operations, the terms and status of any potential financing transaction
and related negotiations with potential investors and financing sources, and the
Company’s anticipated liquidity needs. These forward-looking statements are not
guarantees of future performance, conditions or results, and involve a number of
known and unknown risks, uncertainties, assumptions and other important factors,
many of which are outside the Company’s control, that could cause actual results
or outcomes to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual results or
outcomes include the Company’s ability to secure adequate funding to
commercially launch the FF 91 and fund its operations; supply chain disruptions
and rising prices of materials; the Company’s ability to remain in compliance
with the listing requirements of The Nasdaq Stock Market LLC (“Nasdaq”) and to
continue to be listed on Nasdaq; the outcome of the Securities and Exchange
Commission (“SEC”) investigation relating to the matters that were the subject
of the Special Committee investigation; the implementation of the Special
Committee’s actions by the Company; the Company’s ability to execute on its
plans to develop and market its vehicles and the timing of these development
programs; the Company’s estimates of the size of the markets for its vehicles
and cost to bring those vehicles to market; the rate and degree of market
acceptance of the Company’s vehicles; the success of other competing
manufacturers; the performance and security of the Company’s vehicles; potential
litigation involving the Company; the result of future financing efforts and
general economic and market conditions impacting demand for the Company’s
products; and the ability of the Company to attract and retain employees. The
foregoing list of factors is not exhaustive. You should carefully consider the
foregoing factors and the other risks and uncertainties described in the “Risk
Factors” section of the Company’s registration statement on Form S-1/A (File No.
333-258993) filed with the SEC on June 9, 2022, and other documents filed by the
Company from time to time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events and results to
differ materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements, and the
Company does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed with this Current Report on Form

No.       Description of Exhibits
99.1        Investor Presentation dated July 2022.
104       Cover Page Interactive Data File (embedded within the Inline XBRL document).


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