EX-5 2 ea184269ex5_faradayfuture.htm OPINION OF O'MELVENY & MYERS LLP

Exhibit 5

 

 

 

O’Melveny & Myers LLP

7 Times Square, 30th Floor

New York, NY 10036

 

T: +1 212 326-2000

F: +1 212 326-2061

omm.com

 

File Number:

0255997 - 00004

 

August 28, 2023

 

Faraday Future Intelligent Electric Inc.

18455 S. Figueroa Street

Gardena, CA 90248

Re:Registration of Securities of Faraday Future Intelligent Electric Inc.

 

Ladies and Gentlemen:

 

In connection with the registration of up to 2,584,825 shares of Class A Common Stock of Faraday Future Intelligent Electric Inc., a Delaware corporation (the “Company”), par value $0.0001 per share (the “Shares”), under the Securities Act of 1933, as amended, pursuant to a Registration Statement on Form S-8 (the “Registration Statement”), filed with the Securities and Exchange Commission on or about the date hereof, such Shares to be issued or delivered pursuant to the Faraday Future Intelligent Electric Inc. Amended and Restated 2021 Stock Incentive Plan (the “Plan”), you have requested our opinion set forth below. Shares are adjusted by the Company to take into account the 1-for-80 reverse stock split of the Company’s Class A Common Stock effective as of August 25, 2023.

 

In our capacity as counsel, we have examined originals or copies of those corporate and other records of the Company we considered appropriate.

 

On the basis of such examination and our consideration of those questions of law we considered relevant, and subject to the limitations and qualifications in this opinion, we are of the opinion that the Shares have been duly authorized by all necessary corporate action on the part of the Company and, when issued in accordance with such authorization, the provisions of the Plan and relevant agreements duly authorized by and in accordance with the terms of the Plan, and upon payment for and delivery of the Shares as contemplated in accordance with the Plan, and either (a) the countersigning of the certificate or certificates representing the Shares by a duly authorized signatory of the registrar for the Company’s Common Stock, or (b) the book-entry of the Shares by the transfer agent for the Company’s Common Stock in the name of The Depository Trust Company or its nominee, the Shares will be validly issued, fully paid and non-assessable.

 

We consent to your filing this opinion as an exhibit to the Registration Statement.

 

  Respectfully submitted,
   
  /s/ O’Melveny & Myers LLP