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Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) filed an amendment to its Certificate of Designation for Series B Preferred Stock on Thursday. The amendment designates an additional 3,000,000 shares of the company’s preferred stock as Series B Preferred Stock. The preferences, rights, and limitations of the Series B Preferred Stock remain unchanged from those previously disclosed.
According to the company’s statement, the amendment was filed with the Secretary of State of Delaware in connection with the initial closing under a securities purchase agreement dated July 14, 2025. As a result, holders of both Class A common stock and Series B Preferred Stock will vote together as a single class on all matters submitted to a vote of the company’s stockholders.
The company previously summarized the preferences, rights, and limitations of the Series B Preferred Stock in a filing on April 9, 2025. No changes to these terms were included in the current amendment.
Faraday Future’s Class A common stock and redeemable warrants are listed on the Nasdaq Stock Market under the symbols FFAI and FFAIW, respectively.
This information is based on a press release statement contained in the company’s Form 8-K filed with the Securities and Exchange Commission.
In other recent news, Faraday Future Intelligent Electric Inc. reported a second-quarter 2025 adjusted operating loss of approximately $27.4 million, with a net loss from operations of $48.1 million, slightly improving from the previous year. The company’s total operating expenses decreased by 29% year-over-year to $21.3 million. Additionally, Faraday Future has begun trial production of its FX Super One model at its Hanford, California facility, focusing on verifying production processes and quality standards. The company is also seeking stockholder approval to increase its authorized common stock by 39% to support its $105 million financing and business strategy execution. Faraday Future plans to unveil a strategic upgrade at the Pebble Beach event during Monterey Car Week. In a significant development, Nature’s Miracle Holding Inc. has placed a non-binding pre-order for 1,000 FX Super One vehicles, valued at up to $100 million, pending financing. These recent developments highlight Faraday Future’s ongoing efforts to strengthen its financial position and advance its production capabilities.
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