---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-004944"
form_type: "8-K"
ticker: "FFAI"
cik: "0001805521"
company_name: "FARADAY FUTURE INTELLIGENT ELECTRIC INC."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:01:22.286888+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Faraday Future completes sale-leaseback of Hanford facility, generating up to $12M for improvements

## Summary
- Exercised option to purchase and simultaneously completed sale-leaseback of Hanford, CA manufacturing plant.
- Transaction expected to provide up to $12M in non-dilutive capital for facility improvements and production ramp-up.
- New lease has 5-year term with monthly payment of $355,197, plus five-year extension and purchase option after year two.
- Lease obligations guaranteed by Faraday Future; tenant improvement allowance of up to $12M available.

## SEC filing metadata
- accession: 0001013762-23-004944
- form_type: 8-K
- ticker: FFAI
- cik: 0001805521
- company_name: FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805521/000101376223004944/0001013762-23-004944-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805521/000101376223004944/ea186961-8k_faraday.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-004944
- JSON: https://secwatch.observer/filing/0001013762-23-004944.json
- Plain text: https://secwatch.observer/filing/0001013762-23-004944.txt

## Key facts
- Material Agreements
  FARADAY FUTURE INTELLIGENT ELECTRIC INC. entered into Lease Agreement with 10701 Idaho Owner, LLC valued at $12 million of tenant improvement allowance (effective 2023-10-19).
  - Action: entry
  - Agreement: lease
  - Counterparty: 10701 Idaho Owner, LLC
  - Value: $12 million of tenant improvement allowance
  - Effective: 2023-10-19
  source text: On October 19, 2023, Faraday&Future Inc. (the "Tenant"), a subsidiary of Faraday Future Intelligent Electric Inc. (the "Company), entered into a sale leaseback transaction whereby it has exercised its option to purchase its Hanford manufacturing facility (the "Property") and simultaneously completed a sale leaseback to Ocean West Capital Partners ("Landlord") pursuant to that certain Lease Agreement, dated as of October 19, 2023, by and between the Tenant and 10701 Idaho Owner, LLC (the "Lease Agreement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000101376223004944/0001013762-23-004944-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.