On December 30, Faraday Future (listed on NASDAQ under the ticker FFAI) made an announcement. It stated that it would convene a special shareholders' meeting on February 13, 2026, and earnestly called upon shareholders to cast their votes in support of all the proposals put forward. In terms of the share authorization proposal, the company has plans to revise its articles of incorporation. The goal is to boost the number of authorized common shares. Originally, there were a certain number of shares, and now the intention is to increase it by 79,814,454 shares, bringing the total to 312,285,439 shares. Similarly, for authorized preferred shares, the increase is by 6,156,265 shares, taking the count up to 24,087,265 shares. Following these adjustments, the combined total of authorized common and preferred stocks of the company will witness a significant rise. It will go from 250,401,985 shares to 336,372,704 shares, which translates to an approximate 34% increase.