法拉第未来美股招股说明书(2023-03-24版)

424B31ea175648-424b3_faraday.htmPROSPECTUS PROSPECTUSFiledPursuanttoRule424(b)(3) RegistrationNo.333-269729 Upto500,285,185SharesofClassACommonStockIssuableUponExerciseofWarrantsandConversionofNotes Thisprospectusrelatestotheissuancebyus,andtheofferandsalefromtimetotimebythesellingsecurityholdersnamedinthisprospectus(the“SellingSecurityholders”),ofuptoanaggregateof500,285,185sharesofClassAcommonstock,parvalue$0.0001pershare,ofFaradayFutureIntelligentElectricInc.(“FFIE”andsuchClassAcommonstock,the“ClassACommonStock”)whichconsistsof(i)110,452,771sharesofClassACommonStockthatareissuedorissuableuponexerciseofcertainwarrantsissuedorissuableinaprivateplacementtocertaininstitutionalinvestorspursuanttoaSecuritiesPurchaseAgreement,datedasofAugust14,2022,asamendedonSeptember23,2022(the“SPA”),pursuanttotheJoinderandAmendmentAgreementtotheSPA(the“Joinder”),datedasofSeptember25,2022,pursuanttotheLimitedConsentandThirdAmendmenttotheSPA(the“ThirdAmendment”),datedasofOctober24,2022,pursuanttotheLimitedConsentandAmendmenttotheSPA(the“FourthAmendment”),datedasofNovember8,2022,pursuanttotheLetterAgreementandAmendmenttotheSPA(the“SenyunAmendment”),datedasofDecember28,2022,pursuanttotheLimitedConsentandAmendmentNo.5(the“FifthAmendment”),datedasofJanuary25,2023,andpursuanttotheAmendmentNo.6toSecuritiesPurchaseAgreement(the“SixthAmendment”),datedasofFebruary3,2023(suchwarrantsundertheSPAandJoinder,the“SPAWarrants”),and(ii)389,832,414sharesofClassACommonStockthatareissuedorissuableuponconversionofcertainconvertiblenotesissuedorissuableinaprivateplacementtocertaininstitutionalinvestorspursuanttotheSPAandJoinder(suchnotesundertheSPAandJoinder,the“SPANotes”).WerefertotheSPAWarrantsinthisprospectusasthe“Warrants.”AdditionaldetailsregardingthesecuritiestowhichthisprospectusrelatesandtheSellingSecurityholdersissetforthinthisprospectusunder“InformationRelatedtoOfferedSecurities”and“DescriptionofSecurities.” WewillnotreceiveanyproceedsfromthesaleofthesharesofClassACommonStockbytheSellingSecurityholders.Wecouldreceiveuptoanaggregateofapproximately$37.5millionifalloftheSPAWarrantsheldbytheSellingSecurityholdersareexercisedforcash.However,wewillonlyreceivesuchproceedsifandwhentheholdersoftheSPAWarrantsexercisetheSPAWarrantsforcash.TheexerciseoftheSPAWarrants,andanyproceedswemayreceivefromtheirexercise,arehighlydependentonthepriceofoursharesofClassACommonStockandthespreadbetweentheexercisepriceoftheSPAWarrantsandthepriceofourClassACommonStockatthetimeofexercise.AsofFebruary27,2023,wehave73,290,750outstandingSPAWarrants,whichareexercisableatexercisepricesofbetween$0.2275and$1.05pershare.IfthemarketpriceofourClassACommonStockislessthantheexercisepriceofaholder’sSPAWarrants,itisunlikelythatholderswillexercisetheirSPAWarrants.AsofMarch22,2023,theclosingpriceofourClassACommonStockwas$0.4785pershare.TherecanbenoassurancethatallofourSPAWarrantswillbeinthemoneypriortotheirexpiration.OurSPAWarrantsareredeemableundercertainconditionsfor$0.01perwarrantandexercisableonacashorcashlessbasis.Assuch,itispossiblethatwemaynevergenerateanycashproceedsfromtheexerciseofourSPAWarrants. OurregistrationofthesecuritiescoveredbythisprospectusdoesnotmeanthattheSellingSecurityholderswillofferorsellanyoftheshares.TheSellingSecurityholdersmaysellthesharesofClassACommonStockcoveredbythisprospectusinanumberofdifferentwaysandatvaryingprices.WeprovidemoreinformationabouthowtheSellingSecurityholdersmaysellthesharesinthesectionentitled“PlanofDistribution.” WeareregisteringthesecuritiesforresalepursuanttotheSellingSecurityholders’registrationrightsundercertainagreementsbetweenusandtheSellingSecurityholders.OurregistrationofthesecuritiescoveredbythisprospectusdoesnotmeanthattheSellingSecurityholderswillofferorsellanyofthesharesofClassACommonStock.TheSellingSecurityholdersmayoffer,sellordistributealloraportionoftheirsharesofClassACommonStockpubliclyorthroughprivatetransactionsatprevailingmarketpricesoratnegotiatedprices.WewillnotreceiveanyproceedsfromthesaleofsharesofClassACommonStockbytheSellingSecurityholderspursuanttothisprospectus.WeprovidemoreinformationabouthowtheSellingSecurityholdersmaysellthesharesinthesectionentitled“PlanofDistribution.” SalesofasubstantialnumberofsharesofClassACommonStockinthepublicmarket,includingtheresaleofthesharesofcommonstockheldbyFFIEstockholderspursuanttothisprospectusorpursuanttoRule144,couldoccuratanytime.Thesesales,ortheperceptioninthemarketthattheholdersofalargenumberofsharesofcommonstockintendtosellshares,couldreducethemarketpriceoftheClassACommonStockandmakeitmoredifficultforyoutosellyourholdingsattimesandpricesthatyoudetermineareappropriate.Furthermore,weexpectthat,becausethereisalargenumberofsharesbeingregisteredpursuanttotheregistrationstatementofwhichthisprospectusformsapart,theSellingSecurityholderswillcontinuetoofferthesecuritiescoveredtherebypursuanttothisprospectusorpursuanttoRule144forasignificantperiodoftime,theprecisedurationofwhichcannotbepredicted.Accordingly,theadversemarketandpricepressuresresultingfromanofferingpursuanttoth