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Faraday Future announces that SEC closes investigation without action
The company aims to enhance its focus on electric vehicle development and AI-driven technologies
- PUBLISHED: Wed 25 Mar 2026, 12:05 PM
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) has announced that the US Securities and Exchange Commission (SEC) has concluded its investigation into the company and certain executives, with no enforcement action taken.
The investigation was related to the company’s 2021 PIPE and SPAC-related transactions. The SEC informed Faraday Future, YT Jia, founder and global co-CEO and Jerry Wang, president, that it would not pursue any action. The company had earlier received Wells Notices, which are not formal charges.
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The company said the outcome brings clarity after a prolonged period of uncertainty that had impacted its operations and engagement with investors and partners.
“With this matter now concluded, we can fully focus on our business and future plans,” said Jia. “This provides important clarity for the company and our stakeholders.”
Faraday Future said the development is expected to support improved access to capital markets and strengthen its ability to engage with institutional investors and strategic partners. The company also aims to enhance its focus on electric vehicle development and AI-driven technologies.
In the near term, Faraday Future is working to meet Nasdaq’s minimum share price requirement within the given compliance period while continuing to pursue strategic financing opportunities. Faraday Future is a California-based company focused on electric mobility and intelligent technologies. Its flagship FF 91 vehicle began deliveries in 2023, and the company continues to explore innovations in AI and advanced mobility.
For more information, contact: cn-ir@faradayfuture.com or john.schilling@ff.com.