FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI): debt financing — Faraday Future secures $41M funding for FX brand and AI initiatives; total >$100M since Sep 2024

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Entered $41M securities purchase agreement with institutional investors; $39.5M cash plus $1.5M loan conversion.
Funding to accelerate FX brand, with first vehicle targeted by end of 2025, and AI development including autonomous driving.
Total committed financing exceeds $100M since September 2024, including previous $30M rounds.
Unsecured convertible notes (10% interest, 5-year maturity) convertible at $1.29/share; warrants exercisable at $1.548.
Four closings subject to conditions including stock price ≥$1.00; Series B Preferred Stock issued with voting rights.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FARADAY FUTURE INTELLIGENT ELECTRIC INC. incurred senior notes of aggregate original principal amount of $41 million with certain institutional investors at 10% per annum.

Instrument: senior notes
Principal: aggregate original principal amount of $41 million
Counterparty: certain institutional investors
Rate: 10% per annum
Event: incurrence

Exact text from the filing

On March 21, 2025 (the “Signing Date”), Faraday Future Intelligent Electric Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors (collectively, the “Investors”). Pursuant to the Purchase Agreement, the Company has agreed to sell, and the Investors have agreed to purchase, in four closings, for an aggregate purchase price of $41 million, of which approximately $39.5 million will be paid in cash and approximately $1.5 million will be converted from a previous loan to the Company, (i) certain senior unsecured convertible notes in the aggregate original principal amount of $41 million (the “Unsecured Notes”)

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10 debt financings filed in the last 30 days. Browse all debt financings →

FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001013762-25-001636

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