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FF: The approval of proposals such as an increase in the number of authorized shares will support the FX strategy and the delivery of FF 91 2.0
On March 10, Faraday Future (FFIE.O) announced that the company had successfully held an extraordinary general meeting of shareholders on March 7, 2025, and all proposals were approved. Among other things, the approval of the Authorized Share Increase Proposal will help the Company issue common shares as necessary for the conversion of convertible notes and the exercise of issued warrants to meet existing obligations, or to support the Company's future financing or acquisition transactions, the implementation of employee incentive plans and other reasonable corporate purposes. In line with the principle of prudent management of share capital, the number of authorized ordinary shares increased by 24%.