8-K filed December 29, 2022, 6:59 PM ET ticker FFAI CIK 0001805521

debt confidence high sentiment positive materiality 0.70

Faraday Future enters $30M funding deal with Senyun, appoints two new directors including CEO Chen

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Senyun to pay $4M immediately; additional $30M in convertible notes in three tranches through March 2023 subject to conditions.
Directors Edwin Goh and former CEO Carsten Breitfeld resigned Dec 26; Global CEO Xuefeng Chen and Ke Sun appointed Dec 27.
Ke Sun (FF Top designee) appointed to Audit and Compensation committees; previously CFO of Yudo New Energy Auto.
FF expects FF 91 Futurist production start by end of March 2023, deliveries before end of April, subject to funding and shareholder approval.
Company completed manufacturing milestone #6: construction and equipment installation in vehicle assembly areas.

item 1.01 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

Ke Sun

director

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2022-12-27
Filed: December 29, 2022, 6:59 PM ET

also appointed Ke Sun to serve as a director, effective on December 27, 2022

Appointed

Xuefeng Chen

director

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2022-12-27
Filed: December 29, 2022, 6:59 PM ET

the Board appointed Xuefeng Chen, the Company’s Global CEO, to serve as a director, effective on December 27, 2022

Departed

Carsten Breitfeld

director

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2022-12-26
Filed: December 29, 2022, 6:59 PM ET

On December 26, 2022, Dr. Breitfeld tendered his resignation as a director, which the Board accepted immediately.

Departed

Edwin Goh

director

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2022-12-26
Filed: December 29, 2022, 6:59 PM ET

On December 25, 2022, Edwin Goh notified the Company of his resignation from the Company’s Board of Directors (the “Board”), effective as of December 26, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ke Sun was appointed as director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: appointed
Role: director

Exact text from the filing

also appointed Ke Sun to serve as a director, effective on December 27, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Xuefeng Chen was appointed as director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: appointed
Role: director

Exact text from the filing

the Board appointed Xuefeng Chen, the Company’s Global CEO, to serve as a director, effective on December 27, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Carsten Breitfeld resigned as director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: resigned
Role: director

Exact text from the filing

On December 26, 2022, Dr. Breitfeld tendered his resignation as a director, which the Board accepted immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Edwin Goh resigned as director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: resigned
Role: director

Exact text from the filing

On December 25, 2022, Edwin Goh notified the Company of his resignation from the Company’s Board of Directors (the “Board”), effective as of December 26, 2022.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FARADAY FUTURE INTELLIGENT ELECTRIC INC. amended Letter Agreement with Senyun International Ltd., an affiliate of Daguan International Limited, and FF Simplicity Ventures LLC valued at $30,000,000 (effective 2022-12-28).

Action: amendment
Agreement: equity purchase
Counterparty: Senyun International Ltd., an affiliate of Daguan International Limited, and FF Simplicity Ventures LLC
Value: $30,000,000
Effective: 2022-12-28

Exact text from the filing

On December 28, 2022, Faraday Future Intelligent Electric Inc. (the “Company”) entered into a letter agreement (the “Letter Agreement”) with Senyun International Ltd., an affiliate of Daguan International Limited (“Senyun”) and FF Simplicity Ventures LLC (“FF Simplicity”), a Delaware limited liability company, as administrative agent and collateral agent, which amends that certain Securities Purchase Agreement, dated as of August 14, 2022

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-22-083563

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