Faraday Future secures up to $85M in financing commitments, restructures board

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Heads of Agreement with FF Top settles litigation; board increased to ten, Adam He appointed.
Susan Swenson to resign all non-director roles upon $13.5M funding; $7.5M funded Sept 23.
Senyun International commits up to $60M in convertible notes at $1.05/share, conditional on FF91 delivery.
Existing warrants for ATW Investors lowered to $0.50 strike; forced exercise up to $20M.
FF Top and Season Smart voting agreements support share issuances above 19.99% and authorized share increase to 1.5B.

item 1.01 item 2.03 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Adam (Xin) He

Director

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2022-09-23
Filed: September 26, 2022, 7:59 PM ET

on September 23, 2022, the Company increased the size of the Board from nine to ten members and appointed Mr. Adam (Xin) He as a director of the Company to fill the vacancy resulting from such increase in the size of the Board until the 2022 AGM.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam (Xin) He was appointed as Director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: appointed
Role: Director

Exact text from the filing

on September 23, 2022, the Company increased the size of the Board from nine to ten members and appointed Mr. Adam (Xin) He as a director of the Company to fill the vacancy resulting from such increase in the size of the Board until the 2022 AGM.

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FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-22-058634

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