Faraday Future 8-K Report: Stock Insights & Warrant Details for December 21, 2024

Based on the provided XML section of a financial report, here are the key insights and information extracted:

Company Information:

• Company Name: Faraday Future Intelligent Electric Inc.
• CIK Number: 0001805521
• Location: 18455 S. Figueroa Street, Gardena, CA 90248
• Contact Number: 424-276-7616
• SEC Filing Type: 8-K
• Filing Date: December 21, 2024

Stock Information:

• Class of Stock: Class A common stock
• Par Value: $0.0001 per share
• Stock Ticker: FFIE (listed on NASDAQ)

Warrants Information:

• Type of Warrants: Redeemable warrants
• Exercisable For: Shares of Class A common stock
• Exercise Price per Share: $110,400.00
• Warrant Ticker: FFIEW (listed on NASDAQ)

Financial Reporting Context:

• Reporting Period: The information is for a single day, December 21, 2024.
• Units Used:
• Currency: USD
• Shares: Number of shares as a unit of measure

Summary:

The report pertains to Faraday Future Intelligent Electric Inc., detailing essential stock and warrant information as of December 21, 2024. The company has Class A common stock with a par value of $0.0001, and it also has redeemable warrants that allow for the purchase of shares at a notably high exercise price of $110,400. This high exercise price indicates a significant valuation expectation from the market. The data is structured in compliance with XBRL standards for SEC filings.

Implications:

• The significant exercise price of the warrants could suggest that investors expect substantial growth in the company's stock value.
• The par value of the common stock is very low, which is common for many companies, especially in the early stages of growth or in high-tech sectors.
• The information is timely and relevant for investors and analysts who are tracking the company's financial health and stock performance.