u/redsts2

These 10-Q nuggets just keep on coming. I guess it isn't much of a surprise that this has happened, but rather that it is still happening

>Subsequent to June 30, 2026, the Company implemented staff reductions and temporary salary reductions as additional cash-conservation measures. The Company announced and explained these measures to affected employees and offered employees subject to the temporary salary reductions an opportunity to receive equity-based compensation intended to offset a portion of the reduction in cash compensation. The amount, timing and issuance of any such equity awards are subject to the applicable terms of the program, required approvals, applicable securities laws and the Company’s trading policies. These measures are intended to reduce near-term operating cash requirements but may not generate sufficient savings to alleviate the substantial doubt regarding the Company’s ability to continue as a going concern.

After all YT claimed 3 weeks ago that the company fundamentals have never been better "since sharpening our focus on the EAI robotics strategy"

https://reddit.com/link/1vposhr/video/h0la66eccojh1/player

Of course the stock offering is just another mechanism for dilution, albeit a small one, and a burden place directly on the backs of shareholders. I wouldn't surprised if they issued shares to employees and dragged their feet registering the shares for sale in the open market. Not much different than the share settlement agreements for suppliers.

Uploaded the wrong one the first time. My bad

Most have probably seen the PR by now. Lots of outlandish things said like taking the market cap from the current ~$13 million to 2021 IPO levels of $3.4 billion in two years. Establishing a $5 floor price on existing convertible notes as if they have any authority to change contracts with lenders whenever they need to. Or the weekly dilution updates. I'm actually looking forward to that one.

What jumped out the most to me was the third "sub-campaign" and the "independent public listing opportunities"

https://preview.redd.it/5io7g0ufpohh1.png?width=1318&format=png&auto=webp&s=9f12e98b0a051c3623fe2bf038a703eea92ceba8

This is some pretty specific wording they slid in there. Not the usual word salad but directly saying they might IPO/Reverse merge/SPAC/whatever the robot business so they can continue 𝗍̶𝗁̶𝖾̶ 𝗌̶𝖼̶𝖺̶𝗆̶ raising capitol. Is YT realizing the robot ban might be the straw that broke the camel's back? The only way out is to spinoff into a new ticker with a clean slate and dump the FFAI baggage? Is my tinfoil hat too tight?

Corporate press releases are considered spam and will be removed. Repeat violators will be banned.

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Filed: 7/31/2026

Much like the Costamp lawsuit here, FF lost a judgment in the amount of $223,000 and wanted to pay with shares. They entered into a Settlement and Release Agreement on Aug 15, 2025. FF did not deliver the shares in time and when they did 4 months later they were not freely tradeable. Bitron feels like they were scammed and want their money.

>The stock that was transferred on Feb 13th, 2026 was not freely tradeable, was not transferred to Bitron and did not have the value of $223,408.83

Just like the Costamp lawsuit, these shares are included in the S-3 registration statement that was filed on 7/10/2026.

https://preview.redd.it/ux361jlbr8hh1.png?width=1899&format=png&auto=webp&s=d9696b678bde0ea3c95de23b04f99d14e7887615

Neither the lawsuit nor the S-3 state how many shares were issued but there's enough information here to figure it out.

The S-3 says this...
"number of shares based on the closing price of the Class A Common Stock on the trading day immediately preceding the day on which such Bitron Shares are issued"

As mentioned above, the lawsuit says this...
"The stock that was transferred on Feb 13th, 2026"

So that gives us $223,000 worth of stock at a closing price on Feb 12th, 2026. $223,000/$0.624 = 357,371 shares. What's that worth today? Adjust for the RS = 2382 shares * ($4.93 today) = $11,745

In short, it's been nearly a YEAR since the original Settlement and Release agreement of $223,000 that is now worth only a fraction of that at $11,745. It took FF 10 months to file the S-3 and these shares still cannot be sold unless they have an Effect notice given.

https://preview.redd.it/o1rbvx4ku8hh1.png?width=795&format=png&auto=webp&s=9e933b1ca11f20a51d11ee0e12ec2e3209782608

https://preview.redd.it/sqbd8gflu8hh1.png?width=781&format=png&auto=webp&s=c87426f701c54bf660b35f8dc2d182f373bc5fcb

https://preview.redd.it/h0esejjmu8hh1.png?width=755&format=png&auto=webp&s=1d2fa18977fc7adadec7b345b033f4ac812d9e3e

Filed on 7/21/2026

If the name Costamp sounds familiar, you would be right. The quick background is that Costamp sued for breach of contract, won, and FF didn't pay. Shocker right? Costamp filed this suit alleging they are still owed ~$1.4 million. Costamp was the supplier for major structural components for the FF 91, and it's my theory, that this is one of the factors why they aren't delivering anymore FF 91's. In fact, only two FF 91's have been delivered since the original lawsuit was filed. Here is the post I made about the original suit along with a description of the parts.

Now for this new lawsuit, which is a breach of contract for a breach of contract. LOL.

The summary goes as follows:

• "December 15, 2025, Costamp entered into a Settlement and Release Agreement with Defendants to resolve a contract dispute over Defendants’ failure to pay Costamp invoices"
• "Defendants agreed to pay Costamp $550,000 in cash, consisting of an initial payment of $75,000 by January 15, 2026, and subsequent monthly payments of $20,652.17 due by the 15th day of each month from February 15, 2026 through December 15, 2027
• The remaining ~$1 million was to be paid with common stock but FF never filed a registration statement in the agreed upon time so they could be sold
• In April of 2026 Costamp notified FF they were in default and now had to make monthly cash payments.
• In July of 2026 FF finally registered the shares. S-3 here
• Costamp said no we want our money and filed this suit

https://preview.redd.it/wwbi93oop9gh1.png?width=802&format=png&auto=webp&s=e2b94f3df938ee39f538da997c56474a4f056618

https://preview.redd.it/pm518sspp9gh1.png?width=777&format=png&auto=webp&s=a7ce324928a883cc0cfbdc185e37a694eecddd93

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https://preview.redd.it/0305os0sp9gh1.png?width=783&format=png&auto=webp&s=1edf0c6b2a400d5b63e0eabc3588c20545c2f8c6

https://preview.redd.it/d13v01xtp9gh1.png?width=782&format=png&auto=webp&s=4db6d6e038ef7b4511ef4db2cc67d55095c63fb5

https://preview.redd.it/0u815ahvp9gh1.png?width=800&format=png&auto=webp&s=d1e9c430eead41052331ddf30a49f61de161b16b

https://preview.redd.it/sykmiv5xp9gh1.png?width=787&format=png&auto=webp&s=7d5d197dca255db2c5965024ef594364c88ec789

https://preview.redd.it/yomd0fxyp9gh1.png?width=794&format=png&auto=webp&s=b30b9dcfdad582db4cf2e4d52b1c703e3d9c4096

https://www.reuters.com/world/trump-administration-ban-new-chinese-robots-inverters-protecting-us-ai-buildout-2026-07-28/

I'm shamelessly stealing this from another sub. Read it all but one paragraph that stands out is this one:

>The measures, which went into ​effect upon publication, apply only to robot and inverter models that have not yet been released. However, the FCC has the authority to revoke authorizations for sales of models that have already been authorized for ​purchase in the United States.

YT was very proud of the increase in institutional holdings by Blackrock, dare I even say he lied to you when he said the following:

>BlackRock's significant increase in holdings shows the top institutional investors increased institutional interest in Faraday Future and belief in FF and FX's business future

https://www.youtube.com/watch?v=P2yFL2doqE8

Smart people know why they were buying and it wasn't because they believed in the company. They buy because of their passive index tracking funds, ETF's, etc. that follow the Russell indexes. They were automatic buy ins There's zero chance Blackrock ever thought Faraday is/was a good investment.

Blackrock has now filed a SCHEDULE 13G/A disclosing ownership of 1.4% or 4.1m shares. Down from around 9.5m

https://www.sec.gov/Archives/edgar/data/1805521/000201238326002561/xslSCHEDULE_13G_X02/primary_doc.xml

https://preview.redd.it/feu4wcb1l2gh1.png?width=993&format=png&auto=webp&s=754576e0c4dfab536add730744010ea70e2dbf98

I would expect more of these filings to come.

Yup, That Oppenheim group. Jason Oppenheim who took delivery of FF91 #2

Here's the quick summary:

• June 6th 2023, Jason Opennheim and FF enter into a "Creator Agreement"
• "The Creator Agreement provides that “Creator has agreed to purchase the FF91 Vehicle. . . in exchange for Creator’s participation in this campaign,” and that “Creator will wire the funds to Faraday for the purchase of the vehicle within [f]ive business days of being notified in writing that the vehicle is ready for delivery.” "
• "The Creator Agreement further provides that Faraday “will be responsible for any servicing of the vehicle and agree[s] to reimburse Creator for the full purchase cost should the vehicle be unserviceable or if there is a significant delay in repair due to manufacturing or supply issues”"
• June 8th 2023, FF wired funds to Jason Oppenheim. It's an undisclosed amount but reasonable to assume that it equal to the price of the vehicle
• Sept 11, 2023 Jason Oppenheim wired a total of $346,000 to FF
• The FF91 proceeded to have MULTIPLE large issues before even reaching 1000 miles
• FF couldn't fix it, Jason O wants his money back and claims he fulfilled his Creator Agreement, FF won't give it back because they claim he never paid for it. Jason O is now suing under a Lemon Law

https://preview.redd.it/tg6k5kbmqvfh1.png?width=1353&format=png&auto=webp&s=32a0181317fc233d6753f5ad7e84f2f58523ec7b

I'll do my best to get as much as possible from the complaint posted here but they get cut off after so many

https://preview.redd.it/bkmiesv4vvfh1.png?width=752&format=png&auto=webp&s=feeb87783d73744dcd484013e7ff9e5f719805c9

https://preview.redd.it/40tl9u99vvfh1.png?width=791&format=png&auto=webp&s=00b4fb22ece9cb8d4ed2a2afcfe08e4b6deed909

https://preview.redd.it/dr5cchievvfh1.png?width=796&format=png&auto=webp&s=e17e33c081800821b2353d5fa31a451df41c4324

https://preview.redd.it/9f4w80eivvfh1.png?width=794&format=png&auto=webp&s=8cee375145b0bffd4f78a392113bc109d6a985ba

https://preview.redd.it/3xgy5lgmvvfh1.png?width=776&format=png&auto=webp&s=fdb493872d99a4c9135a5a7d98d2b85cd2f94ae8

https://preview.redd.it/urdkewcqvvfh1.png?width=803&format=png&auto=webp&s=e13aedaca8c301351907c906a5a0adb7ef87f1de

https://preview.redd.it/cjbpb94tvvfh1.png?width=796&format=png&auto=webp&s=81cb0d38eb8445cb9e42ac420c161b0a5f84dd80

https://preview.redd.it/00bkmxdyvvfh1.png?width=788&format=png&auto=webp&s=b29b02d04f03ca57fc776dd592d4a6c41532f691

https://preview.redd.it/3qz0cur1wvfh1.png?width=802&format=png&auto=webp&s=91e46a9fe21b7c33744c3005578c30afa20dc48c

https://preview.redd.it/cas9n2b7wvfh1.png?width=791&format=png&auto=webp&s=9de000bb074076c9e129d6e72e2d1e2ca720021d

https://preview.redd.it/vwcpaflawvfh1.png?width=800&format=png&auto=webp&s=66787920c66ca80db8e36d66c42f3187c7912784

https://preview.redd.it/ic2umiidwvfh1.png?width=790&format=png&auto=webp&s=bc6f7860bd562cf1fdefa23dfeef95621f7a34fc

https://preview.redd.it/tq1ioz1gwvfh1.png?width=768&format=png&auto=webp&s=5d1f47f5b971ba79dd94ebc58afeadc25393df9d

FF knows how to pick em.

FF PR from 2023 for reference
https://www.ff.com/us/press-room/Chris-Brown-to-become-next-FF91-owner/

In the July 2, 2026 PR it was announced they shipped a cumulative 242 units through the end of June. They also "raised its full-year shipment target again from 1,500 to 2,000 units"

As of the July 21, 2026 PR about the reverse split, it was announced they had "surpassed 250 units in cumulative sales, shipments, and deliveries". We know what that really means. It's 251 units.

A grand total of 9 units in three weeks.

Backing up for a moment: This February 25, 2026 PR announced "Faraday Future to Kick Off 2026 EAI Robotics Deliveries Beginning Feb. 27"

Now lets do some napkin math:

• Between February 27th and July 21st there have been 144 days and 251 robots shipped. That's ~1.74 robots/day
• Lets extrapolate this rate until the end of the year. Between July 22nd and December 31st is 162 days. 162 days X 1.74 robots/day = 282 robots. At the current rate that's a total of 533 robots. Well short of the 2000 target and well short of the initial 1000 unit target.
• So how do they need to ramp up to reach the 2000 unit target? They need to deliver 1749 robots in 162 days. That's 10.8 robots/day or a 520% increase in shipments.

There it is folks

They missed on a few details I believe, like 37 cars, but still good.