FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 21.55% of current shares
Recent Dilution: 249.8% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
300M
Potential Supply
65M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

FFAI currently has 304M outstanding shares. with moderate dilution risk from 65.5M authorized shares representing 21.5% potential dilution. The company has significantly diluted shareholders by 249.8% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 303.9M shares outstanding

300M 65M
Apr 17, 2026

8-K filing: Faraday Future Intelligent Electric Inc. issued and sold one share of Series A Preferred Stock to Matthias Aydt for $100.00, which was completed on April 15, 2026. ($0.0M proceeds)

250M 65M
Apr 16, 2026

8-K filing: Faraday Future Intelligent Electric Inc. entered into an Amended and Restated Securities Purchase Agreement to sell Class A common stock and convertible preferred stock, and issued a common stock purchase warrant. ($12.0M proceeds)

250M 65M
Mar 31, 2026

10-K filing | 248.8M shares outstanding

250M 65M
Jan 02, 2026

8-K filing: Faraday Future Intelligent Electric Inc. terminated warrants to purchase an aggregate of 44,551,199 shares of the Company's common stock with certain Warrant Holders.

170M 65M
Dec 29, 2025

8-K filing: Faraday Future Intelligent Electric Inc. issued one share of Series A Preferred Stock to Matthias Aydt for $100.00, which was completed on December 22, 2025. ($0.0M proceeds)

170M 65M
Nov 21, 2025

10-Q filing | 169.3M shares outstanding

170M 65M
Sep 11, 2025

S-1 filing: This S-1 filing describes the offer and sale from time to time by the Selling Securityholders, of up to an aggregate of (i) 9,560,656 shares of Class A common stock issuable upon the conversion of certain unsecured convertible promissory notes; (ii) 1,770,492 shares of Class A Common Stock issuable upon the conversion of March Incremental Notes; (iii) 3,608,772 shares of Class A Common Stock issuable upon the conversion of certain senior unsecured convertible promissory notes; (iv) 4,310,345 shares of Class A Common Stock issuable upon the conversion of December Incremental Notes; and (v) 390,164 shares of Class A Common Stock issuable upon the exercise of placement agent warrants.

150M 65M
Aug 19, 2025

10-Q filing | 146.8M shares outstanding

150M 46M
Aug 08, 2025

8-K filing: Faraday Future issued one share of Series A Preferred Stock to Matthias Aydt for $100.00, which was completed on August 6, 2025. ($0.0M proceeds)

98M 46M
May 15, 2025

S-1/A filing: This prospectus relates to the offer and sale from time to time by the Selling Securityholders, of up to an aggregate of (i) 5,281,134 shares of the Class A common stock, issuable upon the conversion of certain unsecured convertible promissory notes; (ii) 9,003,158 shares of Class A Common Stock, issuable upon the conversion of certain unsecured convertible promissory notes; (iii) 482,691 shares of Class A Common Stock issuable upon the exercise of placement agent warrants; (iv) 774,183 shares of Class A Common Stock issued to HSL s.r.l., in settlement of amounts owed to it; and (v) 393,519 shares of Class A Common Stock issued to Envisage Group Developments, Inc. USA, in settlement of amounts owed to it.

98M 46M
May 09, 2025

10-Q filing | 97.6M shares outstanding

98M 55M
May 02, 2025

S-1/A filing: This S-1/A filing from 2025-05-02 relates to an offering of Class A Common Stock issuable upon conversion/exercise of March Unsecured Notes and March PA Warrants.

85M 55M
Apr 18, 2025

8-K filing: Faraday Future Intelligent Electric Inc. sold one share of Series A Preferred Stock to Matthias Aydt for $100.00 on April 17, 2025. ($0.0M proceeds)

85M 55M
Apr 09, 2025

8-K filing: Faraday Future Intelligent Electric, Inc. filed a Certificate of Correction to the Certificate of Designation of Preferences, Rights and Limitations of Series B Preferred Stock, designating 9,000,000 shares of Series B Preferred Stock with specific preferences, rights, and limitations.

85M 55M
Mar 31, 2025

10-K filing | 85.1M shares outstanding

85M 55M
Mar 24, 2025

8-K filing: Faraday Future Intelligent Electric Inc. entered into a Securities Purchase Agreement to sell senior unsecured convertible notes, common stock purchase warrants, Series B Preferred Stock, and incremental note purchase warrants to certain institutional investors for $41 million. ($1.5M proceeds)

45M 55M
Jan 31, 2025

S-1 filing: This S-1 filing relates to the issuance and resale of up to 25,120,504 shares of Class A common stock, including shares issuable upon conversion of certain unsecured convertible promissory notes and shares issued to HSL s.r.l.

45M 55M
Jan 31, 2025

8-K filing: The company filed a Certificate of Designation for Series A Preferred Stock, designating one share with 3,000,000,000 votes on the Share Authorization Proposal, which was sold to an accredited investor for $100.00. ($0.0M proceeds)

45M 55M
Dec 23, 2024

8-K filing: Faraday Future Intelligent Electric Inc. entered into a Securities Purchase Agreement to sell unsecured promissory notes, warrants, and incremental warrants to certain institutional investors for approximately $30 million, with closings expected on or before January 31, 2025.

45M 30M
Nov 08, 2024

10-Q filing | 45.3M shares outstanding

45M 30M
Nov 01, 2024

S-1 filing: This S-1 filing relates to the issuance and resale of up to 29,659,781 shares of Class A common stock, including shares issuable upon exercise of warrants and conversion of notes, as well as shares issued to Palantir Technologies Inc.

100M 30M
Sep 06, 2024

8-K filing: Faraday Future entered into a Securities Purchase Agreement to sell secured promissory notes, warrants and incremental warrants to certain institutional investors for approximately $30 million, with $22.5 million in cash and $7.5 million converted from a previous loan.

100M 250K
Aug 16, 2024
Stock Split

8-K filing: Stock split 1-for-40 | Outstanding: 494,935,355 → 104,245,313

100M 250K
Aug 14, 2024

10-Q filing | 494.9M shares outstanding

490M 9.9M
Jul 30, 2024

10-Q filing | 441.3M shares outstanding

440M 9.9M
Jun 25, 2024

8-K filing: Faraday Future Intelligent Electric Inc. issued and sold one share of Series A Preferred Stock to Matthias Aydt, the Global Chief Executive Officer of the Company, for $100.00 on June 21, 2024. ($0.0M proceeds)

440M 9.9M
May 28, 2024

10-K filing | 439.7M shares outstanding

440M 9.9M
Feb 29, 2024
Stock Split

8-K filing: Stock split 1-for-3 | Outstanding: 127,226,778 → 463,312,500

460M 9.9M
Dec 27, 2023

8-K filing: Faraday Future issued one share of Series A Preferred Stock to Matthias Aydt, the Global Chief Executive Officer, for $100.00 on December 21, 2023. ($0.0M proceeds)

130M 30M
Nov 13, 2023

10-Q filing | 56.6M shares outstanding

57M 30M
Oct 18, 2023

8-K filing: Faraday Future Intelligent Electric Inc. issued shares of Class A common stock through multiple transactions, including a purchase by Metaverse Horizon Limited and conversions of convertible notes by several holders, as detailed in the Item 3.02 filing. ($4.47M proceeds)

150M 30M
Oct 06, 2023

8-K filing: The company issued shares of Class A common stock upon conversion of convertible notes to multiple holders, including V W Investment Holding Limited, FF Vitality Ventures LLC, Streeterville Capital, LLC and RAAJJ Trading LLC. ($7.03M proceeds)

150M 30M
Sep 22, 2023

8-K filing: Faraday Future sold shares of common stock and issued shares upon conversion of unsecured promissory notes. ($0.01M proceeds)

150M 30M
Sep 18, 2023

8-K filing: Faraday Future Intelligent Electric Inc. issued multiple tranches of Class A common stock through conversions of convertible notes and sales under existing agreements with FF Simplicity Ventures LLC, Yorkville, FF Prosperity Ventures LLC, FF Vitality Ventures LLC, Streeterville Capital, LLC, V W Investment Holding Limited, Senyun International Ltd., and RAAJJ Trading LLC. ($4.62M proceeds)

150M 30M
Aug 29, 2023

S-3 filing: This S-3 filing relates to the offer and sale of up to 17,143,782 shares of Class A common stock by selling stockholders, including shares issued upon conversion of convertible notes and exercise of warrants.

18M 30M
Aug 29, 2023

S-3/A filing: This prospectus relates to the offer and sale from time to time by the selling stockholders of up to 125,000 shares of Class A common stock and up to an aggregate of 6,402,961 shares of Class A Common Stock, which consists of shares of Class A Common Stock that are issuable upon the conversion of the Secured SPA Notes and shares of Class A Common Stock that are issuable upon the exercise of certain warrants pursuant to the Secured SPA.

150M 30M
Aug 25, 2023
Stock Split

8-K filing | Stock split 1-for-80 | Outstanding: 1,424,045,557 → 154,437,500 | Transactions: Sale 15000000 Common stock to YA II PN, Ltd.

150M 7.9M
Aug 21, 2023

10-Q filing | 1424.0M shares outstanding

1.4B 630M
Aug 07, 2023

8-K filing: Faraday Future entered into a Securities Purchase Agreement with Streeterville Capital, LLC to issue and sell $16,500,000 aggregate principal amount of unsecured convertible senior promissory notes and a common stock purchase warrant, as well as amendments to previous purchase agreements.

1.3B 630M
Jun 29, 2023

POS AM filing: This prospectus relates to the offer and sale from time to time by the selling stockholders of shares of Class A common stock that were issued upon conversion of certain convertible notes and warrants.

1.2B 630M
Jun 29, 2023

POS AM filing: This prospectus relates to the offer and sale from time to time by the selling stockholders of 103,348,727 shares of Class A common stock that were issued upon conversion of certain convertible notes and the issuance by us, and the offer and sale from time to time by the Selling Stockholders of up to an aggregate of 12,156,174 shares of Class A Common Stock that are issuable upon conversion of SPA Notes.

1.2B 630M
Jun 29, 2023

S-3/A filing: This S-3/A filing relates to the offer and sale of up to 46,613,518 shares of Class A common stock by selling stockholders and the issuance of up to 96,040,568 shares of Class A common stock upon conversion of notes.

1.2B 630M
Jun 29, 2023

POS AM filing: This POS AM filing relates to the offer and sale from time to time by the selling securityholders named in this prospectus of (i) 27,733,421 shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), (ii) 213,366 shares of Class A Common Stock that were originally purchased by the sponsor of PSAC, (iii) 170,131 shares of Class A Common Stock issued to designees of EarlyBirdCapital, Inc., (iv) 586,000 shares of Class A Common Stock issued on July 22, 2022 as consideration for consulting and advisory services, (v) 86,395,848 shares of Class A Common Stock originally issued to Season Smart Limited ("Season Smart") and Founding Future Creditors Trust ("Founding Future"), (vi) 64,000,588 shares of Class A Common Stock underlying the shares of the Company's Class B common stock, (vii) 21,263,758 earnout shares not currently beneficially owned, (viii) 150,322 shares of Class A Common Stock issued to certain FF executives in satisfaction of deferred compensation, (ix) 484,856 shares of Class A Common Stock issued to certain FF executives upon such executives' exercise of options, (x) 54,252 shares of Class A Common Stock issued to Chui Tin Mok upon closing of the Business Combination, (xi) 23,557,189 shares of Class A Common Stock issued upon exercise of certain warrants issued in a private placement, (xii) 39,647,862 shares of Class A Common Stock issued upon exercise of certain warrants issued in a private placement, and (xiii) 272,686,805 shares of Class A Common Stock issued upon conversion of certain convertible notes issued in a private placement.

1.2B 630M
Jun 29, 2023

POS AM filing: This prospectus relates to the resale from time to time of up to 90,909,091 shares of Class A common stock by YA II PN, Ltd.

1.3B 630M
Jun 16, 2023

S-3 filing: Faraday Future Intelligent Electric Inc. files an S-3 registration statement to offer and sell up to $300 million in aggregate offering price of common stock and warrants.

1.2B 1.4B
Jun 16, 2023

8-K filing: Faraday Future issued one share of Series A Preferred Stock to its Global Chief Executive Officer, Xuefeng Chen, for $100.00, which altered the voting rights concerning reverse stock split proposals. ($0.0M proceeds)

1.2B 1.4B
Jun 02, 2023

S-3 filing: This is an S-3 filing relating to the offer and sale from time to time by the selling stockholders of up to 173,962,986 shares of Class A common stock that were issued upon conversion of certain convertible notes.

1.2B 1.4B
May 25, 2023

S-1/A filing: This prospectus relates to the issuance by us, and the offer and sale from time to time by the Selling Securityholders, of up to an aggregate of 115,504,901 shares of the Class A common stock, par value $0.0001 per share, of Faraday Future Intelligent Electric Inc.

990M 1.2B
May 12, 2023

10-Q filing | 988.6M shares outstanding

990M 1.2B
May 05, 2023

S-1 filing: This prospectus relates to the issuance and resale of up to 115,504,901 shares of Class A common stock issuable upon conversion of certain convertible notes.

690M 1.2B
Mar 31, 2023

POS AM filing: This is a POS AM filing for Faraday Future Intelligent Electric Inc. relating to the offer and sale of Class A common stock and warrants by selling securityholders.

690M 1.1B
Mar 20, 2023

S-1/A filing: This S-1/A filing relates to the resale of up to 90,909,091 shares of Class A Common Stock of Faraday Future Intelligent Electric Inc. by YA II PN, Ltd., including shares issued as a commitment fee and shares that may be purchased under a standby equity purchase agreement.

690M 1.6B
Mar 20, 2023

S-1/A filing: This prospectus relates to the issuance and offer and sale of up to 500,285,185 shares of Class A common stock issuable upon exercise of certain warrants and conversion of certain convertible notes.

690M 1.6B
Mar 09, 2023

10-K filing | 693.0M shares outstanding

690M 1.6B
Feb 13, 2023

S-1 filing: This prospectus relates to the issuance and sale of up to 441,503,935 shares of Class A common stock issuable upon exercise of warrants and conversion of notes.

390M 1.6B
Feb 07, 2023

S-1/A filing: This is an S-1/A filing for Faraday Future Intelligent Electric Inc. relating to the offer and sale from time to time by the selling securityholders of shares of Class A common stock, warrants, and shares issuable upon exercise/conversion of warrants and notes.

390M 1.1B
Feb 06, 2023

8-K filing: Faraday Future Intelligent Electric Inc. entered into Amendment No. 6 to Securities Purchase Agreement with Purchasers, agreeing to issue and sell up to $135 million in aggregate principal amount of senior secured convertible notes and exchanged existing warrants for new warrants and convertible notes.

390M 760M
Jan 31, 2023

8-K filing: Faraday Future entered into Amendment No. 5 with Senyun International Ltd. for a senior secured convertible note facility of $10 million and will file an amendment to its outstanding registration form on Form S-1/A covering 85.5 million shares of the Company's common stock.

390M 760M
Dec 23, 2022

S-1 filing: This S-1 filing registers for resale shares of Class A common stock and warrants by selling securityholders.

390M 760M
Dec 08, 2022

S-1 filing: This S-1 filing relates to the resale of up to 84,216,236 shares of Class A Common Stock by YA II PN, Ltd., and the potential issuance and sale of Class A Common Stock to YA II PN, Ltd. for up to $350.0 million.

390M 570M
Nov 21, 2022

10-Q filing | 386.3M shares outstanding

390M 490M
Nov 14, 2022

8-K filing: Faraday Future Intelligent Electric Inc. entered into a Standby Equity Purchase Agreement with YA II PN, Ltd., allowing the Company to sell up to $200,000,000 of its shares of Class A common stock, potentially increasing to $350,000,000, and issued 789,016 shares of Class A Common Stock to Yorkville as a commitment fee.

260M 490M
Nov 08, 2022

S-1/A filing: This S-1/A filing dated November 8, 2022, relates to the offer and sale of Class A common stock and warrants by selling securityholders.

260M 490M
Nov 03, 2022

S-1/A filing: This is an S-1/A filing for the offer and sale from time to time by the selling securityholders of shares of Class A common stock and warrants.

260M 490M
Oct 20, 2022

8-K filing: Faraday Future Intelligent Electric Inc. entered into an Exchange Agreement with certain holders of convertible promissory notes, exchanging $2,687,109 in principal amount of notes for 5,227,837 newly issued shares of Class A Common Stock at a price of $0.514 per share. ($2.69M proceeds)

260M 490M
Oct 11, 2022

8-K filing: Faraday Future entered into an Exchange Agreement with certain noteholders to exchange $4,012,180 in aggregate principal amount of outstanding Notes for 6,269,031 newly issued shares of the Company's Class A Common Stock at a price of $0.64 per share. ($4.01M proceeds)

260M 490M
Oct 07, 2022

S-1/A filing: This S-1/A filing relates to the offer and sale of 201,498,630 shares of Class A Common Stock, up to 286,082,723 shares of Class A Common Stock issuable upon exercise of warrants and conversion of notes, and up to 276,131 private warrants by selling securityholders.

260M 490M
Sep 26, 2022

8-K filing: Faraday Future entered into several agreements, including an amendment to a securities purchase agreement, a joinder agreement with Senyun International Ltd., and a warrant exercise agreement with ATW Investors, involving the issuance of convertible notes and warrants.

260M 310M
Aug 30, 2022

S-1/A filing: This is an S-1/A filing for Faraday Future Intelligent Electric Inc. relating to the offer and sale from time to time by the selling securityholders of Class A common stock and warrants.

260M 310M
Aug 15, 2022

10-Q filing | 263.9M shares outstanding

260M 290M
Jun 09, 2022

S-1/A filing: This S-1/A filing relates to the offer and sale of up to 256,127,887 shares of Class A common stock and up to 674,551 warrants by selling securityholders, as well as the issuance and offer of up to 33,848,368 shares of Class A common stock issuable upon exercise of warrants and conversion of notes.

240M 290M
May 23, 2022

10-Q filing | 238.3M shares outstanding

240M 270M
May 13, 2022

10-K filing | 233.4M shares outstanding

230M 270M
May 06, 2022

10-Q filing | 238.3M shares outstanding

240M 270M
Oct 04, 2021

S-1/A filing: This is an S-1/A filing for the offer and sale from time to time by the selling securityholders of up to 236,226,156 shares of Class A common stock and up to 674,551 warrants, as well as the issuance by the company of up to an aggregate of 33,848,368 shares of Class A Common Stock issuable upon exercise of warrants and conversion of notes.

30M 270M
Aug 20, 2021

S-1 filing: This is an S-1 filing for the offer and sale of Class A common stock and warrants by selling securityholders.

30M 270M
Aug 13, 2021

10-Q filing | 29.5M shares outstanding

30M 0
May 28, 2021

10-Q filing | 29.5M shares outstanding

30M 0
Mar 31, 2021

10-K filing | 29.5M shares outstanding

30M 0
Jan 28, 2021

8-K filing: Property Solutions Acquisition Corp. entered into a merger agreement with FF Intelligent Mobility Global Holdings Ltd., where FF will become a wholly-owned subsidiary of PSAC, and PSAC will be renamed Faraday Future Intelligent Electric, Inc.; Additionally, PSAC entered into separate subscription agreements with certain investors to purchase shares of common stock of PSAC for $775 million. ($775.0M proceeds)

30M 0
Nov 13, 2020

10-Q filing | 29.5M shares outstanding

30M 0
Jul 30, 2020

8-K filing: Property Solutions Acquisition Corp. consummated its initial public offering of 20,000,000 units at $10.00 per unit, generating gross proceeds of $200,000,000, and a private placement of 535,000 units at $10.00 per unit, generating gross proceeds of $5,350,000. ($205.35M proceeds)

N/A 0
Jul 16, 2020

S-1/A filing: An S-1/A filing details a unit offering with EarlyBirdCapital, Inc. as the sole book-running manager. Upon consummation, funds will be deposited into a U.S.-based trust account. The proposed amount is $200,000,000, potentially reaching $230,000,000 if the over-allotment option is fully exercised, at $10.00 per unit.

N/A 0
Jul 10, 2020

S-1/A filing: An S-1/A filing on 2020-07-10 details a unit offering with EarlyBirdCapital, Inc. as the sole book-running manager. Up to $230,000,000 will be deposited into a trust account at $10.00 per unit.

N/A 0
Jul 02, 2020

S-1 filing: S-1 filing for an offering of common stock with a proposed amount of $200,000,000 (or $230,000,000 if the over-allotment option is exercised in full) or $10.00 per unit.

N/A 0
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