Faraday Future enters amended shareholder agreement with FF Top and non-binding framework with Huanggang

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

On Jan 13, 2023, FFIE and FF Top entered Amended and Restated Shareholder Agreement granting FF Top nomination rights for 4 of 7 board seats.
FF Top will have 1:10 super voting rights (subject to shareholder approval) and 1:20 at $3B market cap.
FF Top agrees to vote in favor of increasing authorized Class A shares from 815M to 1.69B.
Company and City of Huanggang reached non-binding framework for FF's China HQ and dual-home strategy, subject to definitive docs.
Mutual release of claims between parties for matters after Sep 23, 2022.

Key facts

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

FARADAY FUTURE INTELLIGENT ELECTRIC INC. entered into Amended and Restated Shareholder Agreement with FF Top Holding LLC and FF Global Partners LLC (effective 2023-01-13).

Action: entry
Counterparty: FF Top Holding LLC and FF Global Partners LLC
Effective: 2023-01-13

Exact text from the filing

On January 13, 2023 (the “Effective Date”), Faraday Future Intelligent Electric Inc. (the “Company”), FF Top Holding LLC, a Delaware limited liability company (“FF Top”), and solely for purposes of certain amendments to the Heads of Agreement (as defined below), FF Global Partners LLC, a Delaware limited liability company (“FF Global”), entered into an Amended and Restated Shareholder Agreement (the “Amended Shareholder Agreement”), which amended and restated that certain Shareholder Agreement, dated as of July 21, 2022, by and between the Company and FF Top (the “Original Shareholder Agreement”), as amended by that certain Heads of Agreement (as amended, supplemented or otherwise modified on or prior to the Effective Date, the “Heads of Agreement”), dated as of September 23, 2022, by and between the Company, FF Global and FF Top.

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FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-003067

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