Faraday Future Intelligent Electric Inc. has terminated warrants to purchase 5,359,525 shares of Class A common stock and amended its July 2025 financing agreement to accelerate the arrival of committed funds. These actions are designed to reduce potential dilution for shareholders and optimize the company's capital structure as it scales its robotics "Three-in-One" business. The cumulative warrant cancellations now total approximately 49.9 million shares since December 2025.

The warrant terminations were executed via mutual agreements with two investors. This follows the termination of warrants covering 44,551,199 shares in December 2025. By eliminating these warrants, the company aims to significantly reduce its warrant overhang and simplify its capital structure, reflecting investor support for Faraday Future's strategy.

Amended Financing Structure

Faraday Future entered into an amended and restated securities purchase agreement related to its July 2025 convertible note financing. The original agreement, dated July 14, 2025, provided for two closings, with the first completed on August 22, 2025. The amendment introduces several key changes to the subsequent closings:

• Warrant Elimination: Certain investors will no longer be entitled to receive common stock purchase warrants in future closings.
• VWAP Removal: The volume-weighted average price (VWAP) condition to closing has been removed.
• Tranche Structure: The original single second closing has been divided into eight closings.

Under the new structure, each of the eight closings will occur only after the company receives at least $5 million of additional funding since the immediately preceding closing. This approach is intended to allow committed capital to be received and utilized more quickly to support product delivery and business execution.

Strategic Capital Optimization

The company stated that these initiatives strengthen its capital structure and enhance capital efficiency. By limiting the issuance of new warrants and removing pricing conditions, Faraday Future aims to reduce potential liabilities and lay a foundation for introducing strategic investors. The company filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission on July 10, 2026, regarding these agreements.

Faraday Future Intelligent Electric Inc. is advancing its EAI Robotics Q3 Campaign by launching three flagship demonstration robotics summer camps starting July 6. The company has partnered with two major public-school districts in Los Angeles — Lynwood Unified School District and El Segundo Unified School District — to host these EAI robotics summer camps. This initiative follows a strategic cooperation MOU signed with El Segundo Unified School District, expanding FF's partnership footprint among public school districts. FF aims to strengthen its foundation in the third quarter by leveraging its five unique values as a U.S.-based EAI robotics company and accelerating its "one brain, multiple forms" device strategy.

The company recently participated in ISTE Live 2026 in Orlando, the largest education technology conference in North America. FF was the only U.S.-based EAI robotics company at the event, where it showcased its EAI Robotics Education Ecosystem. The company highlighted its Three-in-One ecosystem strategy, designed for both B2C family education and B2B educational institutions, under the theme "Grow with EAI." During the event, FF's industrial-grade mobile manipulator, Faber S, made its debut. Faber S features the longest arm reach in the Faber sub-series and a complete embodied intelligence data-collection toolchain, designed for wide-area operations and embodied AI data collection.

Product Strategy and Ecosystem

FF's EAI Education Ecosystem strategy is built on its global EAI industry bridge strategy. The ecosystem is a complete solution and education system designed to empower research and education across the full value chain.

For B2C users, the ecosystem aims to unlock the home market and create more consumer use cases for EAI robots. For B2B users, the integrated ecosystem of devices, data, and open EAI Brain addresses the growing demand among school districts for seamless hardware-software integration. FF focuses on two major product strategies within the Embodied AI (EAI) robotics business: EAI humanoid and bionic robots, and EAI automotive-focused robots.

Operational Updates

YT Jia, Founder and Global CEO of FF, noted that while demand and sales continue to exceed expectations, shortcomings in the company's industrialization system capabilities have become clear. The most immediate issue is that delivery capacity has not kept pace with the speed of the sales ramp-up. FF's delivery, service, and operations capabilities in states outside of California need to be strengthened. As part of the Q3 Campaign, the company plans to amplify its strengths and quickly close these capability gaps.