News Summary

• The Securities and Exchange Commission has closed its investigation into electric vehicle startup Faraday Future.
• Four sources familiar with the case told TechCrunch that the SEC informed the company and people involved in the probe about the closure this past week.
• The SEC was looking at whether the EV startup made “false and misleading statements” when it went public in a 2021 merger with a special purpose acquisition company (SPAC) The dismissal of the case comes amid a historic drop in enforcement actions by the SEC, which only initiated four cases against publicly traded companies in its 2025 fiscal year.