Faraday Future Announces Results of Annual Meeting of Stockholders; Successfully Approved All Proposals Designed to Enhance the Company’s Financial Stability and to Accelerate Its EAI Robotics Strategy and Execution
The Company thanks all stockholders for their support and for recognizing the company’s strategy, business direction, and the new executive leadership team.
As the first U.S company to sell and deliver both humanoid and bionic robots, approval of the core proposals gives FF necessary tools to unlock value from production ramp-up, support large-scale deployment across real-world users, and strengthen its first-mover advantage.
FF has raised the full-year shipment target from 1,000 to 1,500 units and will launch a new EAI Robotics product in June. Next, it plans to speed up deliveries of EAI robots and deployment across key areas including education, security, reception, tours, performances, and university research; advance its EAI brain and developer platform; and expand real-world data value from its EAI data factory, to achieve long-term corporate value growth.
The Company has secured a total of $70 million in financing over the past two months, enough to fully support the Phase 1 (by end of 2026) objective of FF’s EAI robotics strategy while the financing also demonstrates institutional investors' confidence in the Company's prospects.
