Faraday Future secures up to $105M in new funding commitments to support FF 91 production

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Total funding of up to $105M includes $90M new commitment led by ATW Partners and $15M accelerated existing commitment.
Metaverse Horizon and VW Investment waived conditions and prefunded $25.2M toward their May 2023 $100M commitment.
Funding from secured and unsecured facilities; unsecured portion subject to effective registration statement and stockholder approval.
Proceeds support FF 91 production scaling, sales/service system, global business development, and operating cash flow.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

FARADAY FUTURE INTELLIGENT ELECTRIC INC. entered into FFVV Joinder with FF Vitality Ventures LLC valued at up to $40,000,000 (effective 2023-06-26).

Action: entry
Agreement: equity purchase
Counterparty: FF Vitality Ventures LLC
Value: up to $40,000,000
Effective: 2023-06-26

Exact text from the filing

On June 26, 2023, the Company entered into a Joinder and Amendment Agreement (the “FFVV Joinder”) with FF Vitality Ventures LLC (“FFVV”)

View on SEC.gov

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

FARADAY FUTURE INTELLIGENT ELECTRIC INC. amended Amendment No. 1 with Metaverse Horizon Limited and V W Investment Holding Limited (effective 2023-06-26).

Action: amendment
Agreement: equity purchase
Counterparty: Metaverse Horizon Limited and V W Investment Holding Limited
Effective: 2023-06-26

Exact text from the filing

On June 26, 2023, Faraday Future Intelligent Electric Inc. (the “Company”) entered into Amendment No. 1 (“Amendment No. 1”) to that certain Securities Purchase Agreement dated as of May 8, 2023 (the “Unsecured SPA”), by and among the Company, Metaverse Horizon Limited and V W Investment Holding Limited, as purchasers (collectively with additional purchasers from time to time party thereto, the “Unsecured SPA Purchasers”).

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 0001213900-23-051859

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.