FARADAY FUTURE INTELLIGENT ELECTRIC INC

For the period ended Sep 30, 2024. Filed Nov 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 8, 2024

FFAI$0.25-9.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Condensed Consolidated Statements of Stockholders’ Equity

Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders’ Equity
Class A · Class B
Shares · Amount · Shares · Amount
Balance as of December 31, 2023	1,060,833	$—	6,667	$—	$4,180,873	$5,862	$(3,958,499)	$228,236
Conversion of notes payable and accrued interest into Class A Common Stock (see Note 7)	29,077,806	3	—	—	159,903	—	—	159,906
Reclassification of SPA Warrants from liability to equity	—	—	—	—	160	—	—	160
Issuance of common stock and warrants	—	—	—	—	10	—	—	10
Settlement of Palantir dispute with issuance of Class A Common Stock (see Note 10)	252,768	—	—	—	2,400	—	—	2,400
Purchase of Class A Common Stock under Salary Deduction and Stock Purchase Agreements (see Note 11)	10,455	—	—	—	36	—	—	36
Reverse stock split related round up share issuances	306,779	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	2,252	—	—	2,252
Issuance of shares for RSU vesting net of tax withholdings	5,088	—	—	—	(10)	—	—	(10)
Foreign currency translation adjustment	—	—	—	—	—	(1,646)	—	(1,646)
Net loss	—	—	—	—	—	—	(234,588)	(234,588)
Balance as of September 30, 2024	30,713,729	$3	6,667	$—	$4,345,624	$4,216	$(4,193,087)	$156,756

Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders’ Equity
Class A · Class B
Shares · Amount · Shares · Amount
Balance as of June 30, 2023	148,310	$—	6,667	$—	$4,065,284	$9,072	$(3,796,656)	$277,700
Conversion of notes payable and accrued interest into Class A Common Stock (See Note 7)	101,518	—	—	—	51,907	—	—	51,907
Reclassification of earnout shares from liability to equity on August 25, 2023 due to authorized share increase (see Note 11)	—	—	—	—	1,381	—	—	1,381
Reclassification of stock-based awards from liability to equity on August 25, 2023 due to authorized share increase (see Note 11)	—	—	—	—	2,043	—	—	2,043
Issuance of common stock	13,480	—	—	—	8,520	—	—	8,520
Reverse stock split related round up share issuances	1,366	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	216	—	—	216
Issuance of shares for RSU vesting net of tax withholdings	32	—	—	—	(358)	—	—	(358)
Cancellations	—	—	—	—	—	—	—	—
Foreign currency translation adjustment	—	—	—	—	—	(1,560)	—	(1,560)
Net loss	—	—	—	—	—	—	(78,046)	(78,046)
Balance as of September 30, 2023	264,706	$—	6,667	$—	$4,128,993	$7,512	$(3,874,702)	$261,803

Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders’ Equity
Class A · Class B
Shares · Amount · Shares · Amount
Balance as of December 31, 2022 (as restated)	58,682		$—		6,667		$—		$3,724,242		$3,505		$(3,526,755)		$200,992
Conversion of notes payable and accrued interest into Class A Common Stock (see Note 7)	185,601		—		—		—		335,015		—		—		335,015
Change in classification of warrants from Additional paid-in capital to liability pursuant to the Warrant Exchange (see Note 7)	—		—		—		—		(6,811)		—		—		(6,811)
Reclassification of earnout shares from liability to equity on February 28, 2023 due to authorized share increase (see Note 11)	—		—		—		—		5,014		—		—		5,014
Reclassification of stock-based awards from liability to equity on February 28, 2023 due to authorized share increase (see Note 11)	—		—		—		—		8,978		—		—		8,978
Reclassification of earnout shares from equity to liability on April 21, 2023 due to insufficient authorized shares (see Note 11)	—		—		—		—		(2,112)		—		—		(2,112)
Reclassification of stock-based awards from equity to liability on April 21, 2023 due to insufficient authorized shares (see Note 11)	—		—		—		—		(2,979)		—		—		(2,979)
Reclassification of earnout shares from liability to equity on August 25, 2023 due to authorized share increase (see Note 11)	—		—		—		—		1,381		—		—		1,381
Reclassification of stock-based awards from liability to equity on August 25, 2023 due to authorized share increase (see Note 11)	—		—		—		—		2,043		—		—		2,043
Issuance of common stock	13,480		—		—		—		8,520		—		—		8,520
Reverse stock split related round up share issuances	1,366		—		—		—		—		—		—		—
Stock-based compensation	—		—		—		—		4,840		—		—		4,840
Exercise of warrants	5,326		—		—		—		51,276		—		—		51,276
Exercise of stock options	6		—		—		—		44		—		—		44
Issuance of shares for RSU vesting net of tax withholdings	271		—		—		—		(458)		—		—		(458)
Cancellations	(26)		—		—		—		—		—		—		—
Foreign currency translation adjustment		—		—		—		—		4,007		—		4,007
Net loss		—		—		—		—		—		(347,947)		(347,947)
Balance as of September 30, 2023	264,706		$—		6,667		$—		$4,128,993		$7,512		$(3,874,702)		$261,803

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.