Palantir Technologies Inc. has filed a Schedule 13G with the United States Securities and Exchange Commission (SEC) on October 8, 2024, indicating a significant ownership stake in Faraday Future Intelligent Electric Inc. The filing reveals that Palantir Technologies holds 1,080,294 shares of Faraday Future's Class A common stock, which represents 8.7% of the class. This stake includes 827,526 shares received on October 2, 2024, as payment for certain outstanding receivables. The ownership percentage is based on the number of shares outstanding as of August 14, 2024, as reported by Faraday Future in its Form 10-Q. Additionally, the filing reflects adjustments due to a 1-for-40 reverse stock split effected by Faraday Future on August 16, 2024. Palantir Technologies, incorporated in Delaware, has sole voting and dispositive power over the shares held. The filing asserts that the shares were not acquired with the purpose of changing or influencing the control of Faraday Future, nor in connection with any transaction having such purpose or effect.

Palantir Technologies Inc. has filed a Schedule 13G with the United States Securities and Exchange Commission (SEC) on October 8, 2024, indicating a significant ownership stake in Faraday Future Intelligent Electric Inc. The filing reveals that Palantir Technologies holds 1,080,294 shares of Faraday Future's Class A common stock, which represents 8.7% of the class. This stake includes 827,526 shares received on October 2, 2024, as payment for certain outstanding receivables. The ownership percentage is based on the number of shares outstanding as of August 14, 2024, as reported by Faraday Future in its Form 10-Q. Additionally, the filing reflects adjustments due to a 1-for-40 reverse stock split effected by Faraday Future on August 16, 2024. Palantir Technologies, incorporated in Delaware, has sole voting and dispositive power over the shares held. The filing asserts that the shares were not acquired with the purpose of changing or influencing the control of Faraday Future, nor in connection with any transaction having such purpose or effect.