Faraday Future stockholders approve share authorization increase

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) announced that stockholders approved a proposal to increase authorized shares of Class A and Class B common stock and preferred stock at a special meeting held on February 13, 2026.

The approval provides additional authorized share capacity to support capital planning needs and existing obligations to issue shares, as well as potential future financings, strategic transactions, and stock issuances for employee benefit plans, according to the company's press release.

The authorization is intended to support the company's 2026 execution priorities, including FX Super One vehicle production milestones and development of embodied AI robotics products. The approval authorizes additional shares but does not result in immediate share issuance.

Faraday Future stated it continues advancing FX Super One toward mass production readiness with initial deliveries planned for this year, supported by assembly preparation at the FF AI-Factory in California. The company has launched its first series of embodied AI robotic products and commenced paid, non-binding pre-orders, with initial deliveries expected this month.

The California-based electric vehicle company began deliveries of its flagship FF 91 vehicle in 2023. The FX Super One, positioned as an EAI-MPV targeting the mainstream vehicle market, represents the company's second brand with U.S. deliveries planned to begin in 2026.

The company noted in forward-looking statements that it currently lacks sufficient share capital beyond the February 13 approval to fully execute its strategy and will need additional funding to execute the FX strategy.

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