On March 18, 2026, Faraday Future Intelligent Electric Inc. (the "Company") received a letter from the Division of Enforcement of the United States Securities and Exchange Commission (SEC) indicating that it does not intend to recommend any enforcement action against the Company or its executives. This conclusion marks the end of a lengthy investigation that had been ongoing since 2021, primarily concerning the Company's PIPE and SPAC-related transactions. The SEC's decision provides the Company with much-needed regulatory clarity, allowing it to refocus on its core business operations without the overhang of potential legal repercussions. Company Founder and Co-CEO Yueting (YT) Jia, along with Global President Jiawei (Jerry) Wang, confirmed they received similar letters in their individual capacities. Following this announcement, the Company issued a press release detailing the implications of the SEC's findings, which are expected to bolster investor confidence and facilitate strategic partnerships and financing opportunities. The Company is now poised to advance its initiatives in the electric vehicle and AI sectors, aiming to restore market confidence and deliver value to its shareholders. The SEC's conclusion is seen as a significant milestone for Faraday Future, as it removes uncertainties that had previously constrained its operations and market perception.

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