Faraday Future Intelligent Electric Inc. announced that it will hold a Shareholders’ Day event on January 7 in Las Vegas. At the event, the company promised to make an important announcement related to the production and deliveries of the FX Super One, and to provide an update on the strategic global embodied intelligence (EAI) industrial bridge. A closed-door meeting is also mentioned, where new products will be discussed.
When the extraordinary meeting will take place
After the January event, an extraordinary general meeting of shareholders (EGM) is scheduled—set for February 13, 2026. At the same time, the company explicitly urges shareholders to support all proposals put to a vote.
Which proposals are being put to a vote
1) Increase in the number of authorized shares
The company proposes amending the charter to expand the share authorization limit:
- common shares: increase by 79,814,454—from 232,470,985 to 312,285,439;
- preferred shares: increase by 6,156,265—from 17,931,000 to 24,087,265;
- in total, the overall number of authorized common and preferred shares should rise to 336,372,704, which corresponds to an increase of approximately 34%.
The board of directors explains that this step is needed to fulfill existing issuance obligations, as well as to preserve flexibility for the future—including potential financing or acquisition transactions, payment of stock dividends or a stock split, issuance of shares under employee compensation programs, and other corporate purposes. It is emphasized separately that this should help raise capital and support cash flow for ongoing operations and execution of plans, including production of the FX Super One and the FF 91 2.0.
2) Change of the company name
The second item is a charter amendment providing for renaming Faraday Future Intelligent Electric to Faraday Future AI Electric Vehicle Inc. The company frames this as an emphasis on its ambition to become a leader in the “smart” electric vehicle segment and on deeper integration of AI with core technologies—from intelligent mobility and vehicle systems to the user experience. The new name is also linked to a new ticker symbol, “FFAI,” to unify the brand image.
3) Ability to adjourn hearings
The third proposal gives the company the right to adjourn the general meeting of shareholders one or more times if necessary. In particular, an adjournment is possible when, by the time of the EGM, not enough votes have been obtained to approve one or more items, or if the chair of the meeting deems an adjournment advisable and appropriate to solicit votes from shareholders.
Why the company wants to expand the authorized share limit—key arguments:
- support strategic partnerships and the achievement of key business milestones in order to turn short-term objectives into measurable results more quickly;
- greater flexibility in negotiations with institutions and in structuring instruments—including non-cash or performance-linked instruments—as well as in seeking more effective options to refinance current debt;
- a commitment to issue shares “prudently and in a controlled manner,” with ongoing attention to dilution and a focus on creating long-term value;
- the 34% increase is described as moderate and consistent with the company’s prior approach to capital planning and equity management;
- the goal is to strengthen growth potential and, as a result, increase long-term shareholder value while maintaining disciplined capital allocation.
Where details will appear
More detailed information about the EGM will be published in a Schedule 14A filing, which the company plans to submit to the U.S. Securities and Exchange Commission (SEC) at approximately January 8, 2026, Pacific Time (source: news.yiche.com).
