Jia Yueting: U.S. SEC Concludes Nearly 5-Year Investigation Without Taking Enforcement Action, FF Plans to Launch New Round of Transformation

Odaily News: Jia Yueting (YT Jia) posted on the X platform, stating that the U.S. Securities and Exchange Commission has concluded its nearly five-year investigation into Faraday Future (FF) and has not taken any enforcement actions or penalties against FF, himself, or team members. He described it as "justice delayed is justice denied." Currently, FF has shed the historical burdens brought by "Wall Street bankruptcy conspiracy theorists" and SPAC merger opponents and has officially entered a "rebirth phase." Jia Yueting also stated that the company will launch an upgraded "Ten-Punch Combo" transformation plan, advancing four core goals across four strategic phases. The goal of the first phase is to win the 180-day compliance battle without conducting a reverse stock split. Additionally, FF will relocate its headquarters to Silicon Beach.