“They Already Diluted”, you say….. hmmmm

• Form S-1 (Nov 1): Plans for additional share offerings, diluting current ownership stakes.
• Form 8-K (Nov 6 & 13): Updates hinted at financial strain and reliance on equity financing to stay afloat.
• Form 10-Q (Nov 8): Quarterly report revealed concerning financial metrics and reliance on stock issuance.
• Form 8-K (Nov 25): Further material events pointing to continued stock dilution.

In November 2024, Faraday Future (FFIE) made several filings that signal ongoing dilution:

• Form S-1 (Nov 1): Plans for additional share offerings, diluting current ownership stakes.
• Form 8-K (Nov 6 & 13): Updates hinted at financial strain and reliance on equity financing to stay afloat.
• Form 10-Q (Nov 8): Quarterly report revealed concerning financial metrics and reliance on stock issuance.
• Form 8-K (Nov 25): Further material events pointing to continued stock dilution.

These filings suggest a desperate attempt to raise capital at the expense of existing investors.