Faraday Future entered into an Amended and Restated Securities Purchase Agreement (SPA) with Gold King Arthur Holding Limited, increasing the total subscription amount from $10 million to $12 million. The $12 million investment consists of $500,000 for Class A Common Stock and $11.5 million for Series C Convertible Preferred Stock. The company eliminated a previous 'true-up' anti-dilution provision in exchange for issuing a warrant to purchase 1,000,000 shares of common stock at an exercise price of $1.50. The warrant is exercisable only after the company delivers its 500th FX Super One vehicle to customers. The company also entered into a $2 million loan agreement on April 10, 2026, which was subsequently terminated and extinguished as part of the $12 million total funding package. The conversion price for the Series C Preferred Stock is set at $0.26 per share.