secwatch.observer — SEC 8-K summary
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Issuer:     FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)
CIK:        0001805521
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001213900-22-070139
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Faraday Future amends convertible notes; sets floor price of $0.21/share for interest conversion
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- Limited Consent with FF Simplicity Ventures, Senyun International, and RAAJJ Trading amends Securities Purchase Agreement and notes.
- Interest conversion into common stock now subject to VWAP ≥ $0.21 over 7 trading days and daily volume ≥ $1.5 million.
- Floor price of $0.21 per share set for any interest or interest make-whole payments in stock.
- Amendment applies to notes issued under August 2022 SPA as previously amended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805521/000121390022070139/0001213900-22-070139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805521/000121390022070139/ea168233-8k_faraday.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-070139

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