Summary by Moomoo AI
Faraday Future Intelligent Electric Inc. (FFIE) has announced a series of corporate events and proposals to be voted on at their upcoming Annual Meeting of Stockholders scheduled for July 31, 2024. Key proposals include the ratification of the appointment of Macias Gini & O'Connell LLP as the independent registered public accounting firm for the year ending December 31, 2024, and amendments to increase authorized shares of common stock. Additionally, the meeting will cover the election of five directors, approval of an amendment to the company's Third Amended and Restated Certificate of Incorporation, and a reverse stock split proposal. The reverse stock split aims to increase the market price of FFIE's common stock to comply with Nasdaq's minimum bid price requirement and avoid delisting. The board may also seek stockholder approval to adjourn the meeting if necessary to solicit additional proxies for the proposed actions.