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# Faraday Future Receives Nasdaq Letter

## LOS ANGELES, April 19, 2024

Faraday Future Intelligent Electric Inc. (“Faraday Future” or the “Company”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, recently received a letter (the “Nasdaq Letter”) from The Nasdaq Stock Market (“Nasdaq”) dated April 18, 2024. This letter indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1). According to standard Nasdaq procedures, the Nasdaq Letter was issued due to the delayed filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “Form 10-K”). The Nasdaq Letter informed the Company that it has 60 calendar days to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). Additionally, the Nasdaq staff can provide an exception of up to 180 calendar days from the Form 10-K due date for the Company to regain compliance. The Nasdaq Letter also stated that the Company will be listed on a non-compliant Nasdaq companies list starting five business days after April 18, 2024.

The Company previously filed a Form 12b-25 with the U.S. Securities and Exchange Commission on April 2, 2024, disclosing the challenges faced in filing the Form 10-K within the required time frame. While the Company is striving to complete the Form 10-K by the end of April 2024, the exact completion date remains uncertain.

During this period, the Faraday Future Intelligent Electric Inc. can benefit from the AI legalese decoder to navigate the regulatory landscape efficiently. The technology can assist in deciphering complex legal jargon, providing valuable insights and recommendations to ensure timely compliance with Nasdaq regulations.

## About Faraday Future

Faraday Future leads the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, disrupting the conventional ultra-luxury car civilization embodied by brands like Ferrari and Maybach. Faraday Future transcends being just an EV company to become a software-driven intelligent internet entity. The ultimate goal is to evolve into a User Company by delivering a shared intelligent mobility ecosystem tailored to global user needs. Faraday Future remains committed to advancing electric vehicle technology in alignment with the ever-changing user preferences, driven by a vision of intelligent and AI-powered mobility innovation.

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## Forward-Looking Statements

This release includes “forward-looking statements” within the purview of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When employing terms like “estimates,” “anticipated,” “expects,” “forecasts,” “plans,” “intends,” and other variations, Faraday Future intends to signify forward-looking statements. These statements encompass expectations regarding the anticipated timelines and implementation of strategic initiatives, including the reverse split and the potential commencement of trading of post-split common stock. The Company recognizes a gamut of known and unknown risks, uncertainties, and other essential factors that could potentially impact the actual results, as delineated in the forward-looking statements.

By harnessing the analytical prowess of the AI legalese decoder, Faraday Future can conduct a comprehensive risk assessment strategy, evaluate potential threats, and proactively implement mitigation measures to mitigate operational risks.

Overall, the AI legalese decoder can be a valuable tool for Faraday Future Intelligent Electric Inc. in interpreting legal documents, ensuring regulatory compliance, and strategizing to maintain operational resilience in alignment with Nasdaq requirements.

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