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Issues $100 Series A Preferred Stock to Executive Chairman Jiawei Wang to secure votes for reverse split
FFAIFaraday Future Intelligent Electric Inc.
Faraday Future issued one share of newly designated Series A Preferred Stock to Executive Chairman Jiawei Wang for $100. The preferred stock carries 500,000,000 voting rights restricted solely to the upcoming Reverse Stock Split Proposal, with votes mirroring those cast by common shareholders. This issuance modifies approval requirements for the split and ensures Wang's vote counts toward the proposal. Faraday Future is an electric vehicle manufacturer.