Faraday Future cancels 44.5 million stock warrants

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) entered into warrant termination agreements with holders of the company's outstanding common stock purchase warrants on December 28, 2025.

The electric vehicle company and warrant holders agreed to terminate and cancel warrants to purchase 44,551,199 shares of common stock. The warrants were issued under securities purchase agreements dated between May 2023 and July 2025.

The terminated warrants originated from five separate securities purchase agreements: one from May 8, 2023, another from September 5, 2024, a third from December 21, 2024, a fourth from March 21, 2025, and a fifth from July 14, 2025. Some of these agreements included placement agency arrangements with Univest Securities, LLC.

The warrant cancellations eliminate potential dilution from the exercise of these securities, according to the company's statement.

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