Faraday Future Plans To Spin Off Crypto Flywheel Assets Into Separate Existing Listed Company To Accelerate Progress Of "Dual-Flywheel & Dual-Bridge" Eco Strategy

• FFAI plans to spin off its crypto flywheel assets into an existing listed company, targeted to be initially controlled by FFAI. The Board has approved the overall strategy of a spin-off and the Company is in active discussions with an investment bank, strategic investors, and law firms regarding this project. More details are expected to be provided at the Company's 919 Futurist Day & Stockholders' Community Day to be held Sept. 19.
• Subject to auditor consent and necessary stockholder approvals, FF's goal is to consolidate the new company's financial statements into FFAI's financial statements.
• The spin-off of FFAI's crypto flywheel business has the potential to accelerate the progress of the "Dual-Flywheel & Dual-Bridge" Eco Strategy and maximize stockholder value.
• C10 Treasury has completed two rounds of asset allocations over the last two weeks, totaling approximately $10 million, with a slight increase in mark-to-market as of September 10, 2025, at 10 am Pacific Time. The 20% active portion outperformed the C10 Index as of September 10 at 10 am Pacific Time.

LOS ANGELES, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it is actively preparing to spin off its crypto flywheel assets (the "Spin-Off") into a separate existing listed company. The Company expects to provide additional details, as available, at the upcoming 919 event.

The Spin-Off plan aims to establish two independent listed systems—FFAI and a new company focusing on the Crypto Flywheel—that will operate independently while forming strategic synergies.