Gasgoo Munich- Faraday Future (FF) plans to convene an online extraordinary general meeting (EGM) on August 12, 2026, Pacific Time (midnight, August 13, Beijing Time). The automaker is seeking shareholder approval for proposals aimed at supporting the global rollout of its EAI robot business and long-term growth, including:
1. Directed Share Issuance Proposal
Approval to issue common stock to specific holders of convertible notes in accordance with Nasdaq Listing Rule 5635(d).
Approval of this proposal would help the company meet contractual obligations and support future financing, thereby driving business growth and enhancing shareholder value.
2. Corporate Name Change Proposal
Approval to amend the company's Third Amended and Restated Certificate of Incorporation to change its name from Faraday Future Intelligent Electric Inc. to Faraday Future Physical AI Ecosystem Inc.
The proposed name change reflects the company's strategic evolution and its focus on deeply integrating artificial intelligence (AI) into core technologies, including EAI terminal systems, the EAI Brain, and user experience. The new designation aligns with the company's vision and its stock ticker, "FFAI," helping to solidify a unified brand image.
3. Adjournment Proposal
Authorization to adjourn the EGM from time to time to solicit additional proxies if necessary or appropriate; provided that, at the time of adjournment, there are insufficient votes represented at the meeting to pass one or more proposals, or the EGM chair determines it is necessary or appropriate.
Image Source: FF
FF has launched a comprehensive EAI robot world spanning six product series. The company unveiled the world's first "trinity" EAI robot education ecosystem strategy, debuted the new Futurist humanoid robot and the FX Navi quadruped robot, and introduced the FF Faber series of industrial-grade EAI wheel-arm robots. It also previewed its FF industrial ecosystem strategy.
These products and the new strategic direction further demonstrate FF's latest progress in multi-form robotics, embodiment capabilities, real-world scenario applications, and ecosystem development.
Between March and June, cumulative shipments of FF EAI robots reached 242 units, surpassing the original target of 220. Consequently, the company has raised its full-year shipment target from 1,500 to 2,000 units.
Approval of the directed share issuance proposal will assist the company in meeting contractual obligations to support the ramp-up in robot production capacity. FF aims to improve its cash flow structure through scaled deliveries with positive gross margins, gradually transitioning from a financing-driven model to one driven by operating cash flow.
