法拉第未来美股招股说明书(2023-09-27版)

424B51ea185204-424b5_faraday.htmPROSPECTUSSUPPLEMENT PROSPECTUSSUPPLEMENT (totheProspectusdatedJune28,2023) Upto$90,000,000 FiledPursuanttoRule424(b)(5)RegistrationNo.333-272745 FaradayFutureIntelligentElectricInc. ClassACommonStock WehaveenteredintoanAt-the-MarketEquityOfferingSalesAgreement(the“SalesAgreement”)withStifel,Nicolaus&Company,Incorporated,B.RileySecurities,Inc.,A.G.P./AllianceGlobalPartners,WedbushSecuritiesInc.andMaximGroupLLC(the“SalesAgents”)toofferandsellupto$90.0millionofourClassAcommonstock,$0.0001parvaluepershare(“ClassACommonStock”),offeredbythisprospectus. InaccordancewiththetermsoftheSalesAgreement,wemayofferandsellsharesofourClassACommonStockatanytimeandfromtimetotimethroughortotheSalesAgentsassalesagentorprincipal.SalesofourClassACommonStock,ifany,willbemadeatmarketpricesbyanymethodthatisdeemedtobean“atthemarketoffering”asdefinedinRule415undertheSecuritiesActof1933,asamended(the“SecuritiesAct”). TheaggregatecompensationpayabletotheSalesAgentsshallbeupto3.5%ofthegrosssalespriceofthesharessoldthroughtheSalesAgentspursuanttotheSalesAgreement.Inconnectionwiththesaleofthecommonstockonourbehalf,theSalesAgentswillbedeemedtobean“underwriter”withinthemeaningoftheSecuritiesAct,andthecompensationoftheSalesAgentswillbedeemedtobeunderwritingcommissionsordiscounts.WehavealsoagreedtoprovideindemnificationandcontributiontotheSalesAgentswithrespecttocertainliabilities,includingliabilitiesundertheSecuritiesActortheSecuritiesExchangeActof1934,asamended(the“ExchangeAct”). SubjecttothetermsandconditionsoftheSalesAgreement,theSalesAgentswillusetheircommerciallyreasonableeffortsconsistentwithitsnormaltradingandsalespracticestosellonourbehalfanysharestobeofferedbyusundertheSalesAgreement.Thereisnoarrangementforfundstobereceivedinanyescrow,trustorsimilararrangement. OurcommonstockislistedontheNasdaqStockMarketunderthesymbol“FFIE.”OnSeptember22,2023,theclosingpriceofourClassACommonStockontheNasdaqStockMarketwas$3.92pershare. ThesharesofClassACommonStockbeingofferedpursuanttothisprospectussupplementaresharesofFaradayFutureIntelligentElectricInc.,aholdingcompanyincorporatedintheStateofDelaware.Asaholdingcompanywithnomaterialoperationsofitsown,theCompanyconductsitsoperationsthroughitsoperatingsubsidiaries.Wecurrentlyhaveamajorityofouroperationsinthe U.S.conductedthroughourU.S.-domiciledoperatingsubsidiaries.WealsooperateourbusinessinthePeople’sRepublicofChinaandplantohavesignificantoperationsinthefutureinboth MainlandChinaandHongKong(together,“PRC”or“China”)throughoursubsidiariesorganizedinthePRC(collectively,the“PRCSubsidiaries”).InvestorsinourClassACommonStockshouldbeawarethattheyarepurchasingequitysolelyintheCompany,aDelawareholdingcompany.TherearevariousrisksassociatedwithourcurrentoperatingpresenceinChinaandthepotentialexpansionofouroperationsinChina(includingHongKong),whichissubjecttopoliticalandeconomicinfluencefromChina.Recently,theChinesegovernmentinitiatedaseriesofregulatoryactionsandmadestatementstoregulatebusinessoperationsinChinawithlittleadvancenotice,includingcrackingdownonillegalactivitiesinthesecuritiesmarket,enhancingsupervisionoverChina-basedcompaniesthatseektoconductoffshoresecuritiesofferingsorbelistedoverseas,adoptingnewmeasurestoextendthescopeofcybersecurityreviews,andexpandingtheeffortsinanti-monopolyenforcement.Sincethesestatementsandregulatoryactionsarenew,itishighlyuncertainhowsoonlegislativeoradministrativeregulation-makingbodieswillrespondandwhatexistingornewlawsorregulationsordetailedimplementationsandinterpretationswillbemodifiedorpromulgatedifany,andthepotentialimpactsuchmodifiedornewlawsandregulationswillhaveonourbusinessoperations,ourabilitytoacceptforeigninvestmentsandtomaintaintheCompany’slistingonaU.S.exchange.TheChinesegovernmentmayinterveneorinfluencetheoperationsofourPRCSubsidiaries,oratanytimeexertmorecontroloverofferingsconductedoverseasandforeigninvestmentinChina-basedissuersinaccordancewithPRClawsandregulations,whichcouldresultinamaterialchangeinouroperationsand/oramaterialreductioninthevalueofourClassACommonStock.Additionally,thegovernmentalandregulatoryinterferencecouldsignificantlylimitorcompletelyhinderourabilitytoofferorcontinuetoofferoursharesofClassACommonStocktoinvestorsandcausethevalueofsuchsecuritiestosignificantlydeclineorbeworthless.ForadetaileddescriptionofrisksrelatedtoourPRCoperations,see“RiskFactors–RisksRelatedtoFF’sOperationsinChina”inourAnnualReportonForm10-K/AfortheyearendedDecember31,2022,whichisincorporatedbyreferenceherein.See“WhereYouCanFindMoreInformation.” InvestinginourClassACommonStockinvolvesahighdegreeofrisk.BeforebuyingsharesofourClassACommonStock,youshouldcarefullyconsidertheriskfactorsdescribedin“RiskFactors”beginningonpageS-6ofthisprospectussupplement,thesectioncaptioned“Item1A—RiskFactors”inourmostrecentlyfiledAnnualReportonForm10-KandsubsequentQuarterlyReportsonForm10-Q,whichareincorporatedbyreferenceintothisprospectussupplement,andundersimilarheadingsintheotherdocumentsthatarefiledafterthedatehereofandincorporatedbyreferenceintot