On April 20, Faraday Future (FF) disclosed that it had successfully secured a total of $45 million in funding from a U.S. institutional investor. This infusion represents FF's inaugural medium-to-large-scale financing endeavor since the conclusion of the SEC investigation, which ended without any penalties imposed. The proceeds from this financing will be earmarked for propelling forward initiatives such as the EAI ecosystem strategy. As per the financing agreement, there is a stipulation that the shares cannot be transferred for a minimum period of six months. Furthermore, the conversion price will undergo a recalibration based on the prevailing market price once the lock-up period has elapsed. FF's founder, Jia Yueting, articulated that the primary objective is to bolster the company's operational fundamentals and attain share price compliance within the next six months. FF has scheduled its annual shareholder meeting for May 22, during which proposals including an increase in authorized shares and share consolidation will be deliberated upon. The newly authorized shares are intended to be set aside as treasury stock, while share consolidation is envisioned as a contingency measure to uphold the company's listing status. In addition to these developments, two pivotal founding members are set to assume executive director positions. Moreover, FF is poised to host the EAI Developer Ecosystem Forum on April 25 and unveil an open-source robotics developer platform.