Faraday Future sets $5 conversion price floor for existing convertible notes

• Faraday Future set a $5 per-share conversion price floor for existing convertible notes, aiming to cap dilution from future conversions.
• Weekly disclosures will track convertible note conversions or debt-reduction activity, increasing transparency on changes in shares outstanding.
• Liabilities optimization plan targets reducing total liabilities to below $100 million within four quarters from $230 million at end-Q1 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Faraday Future Intelligent Electric Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260805541839) on August 05, 2026, and is solely responsible for the information contained therein.