Faraday Future stockholders approve issuance of shares above 19.99% for Tranche C/D notes and warrants
FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- Proposal 1 passed: 262,439,110 for, 3,288,001 against, 195,203 abstain, 141,339,238 broker non-votes.
- Proposal 2 (ratify Mazars USA LLP as auditor) passed: 406,897,784 for, 1,236,190 against, 127,578 abstain.
- Approval allows share issuance exceeding 19.99% of outstanding common stock for Tranche C and D notes and warrants.
- Counterparties include FF Simplicity Ventures, Senyun International, Acuitas Capital, RAAJJ Trading, and affiliates.