---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-063824"
form_type: "8-K"
ticker: "FFAI"
cik: "0001805521"
company_name: "FARADAY FUTURE INTELLIGENT ELECTRIC INC."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:39:30.771969+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Faraday Future raises $16.5M via convertible note; issues warrant; amends prior agreements to waive share reserve

## Summary
- Issued $16.5M unsecured convertible note to Streeterville Capital; net ~$15M after $1.5M OID and $150K fees.
- Note converts at $0.8925/share, 10% interest, matures Aug 4 2029; warrant for 6.1M shares at $0.8925 for 7 years.
- Amendments with FF Vitality and Senyun waive share reserve requirements until Sep 30, 2023 or reverse split/authorized share increase.
- FF Vitality can invest additional $20M in notes if it first exercises $10M Tranche B investment under existing agreements.

## SEC filing metadata
- accession: 0001213900-23-063824
- form_type: 8-K
- ticker: FFAI
- cik: 0001805521
- company_name: FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805521/000121390023063824/0001213900-23-063824-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805521/000121390023063824/ea182959-8k_faraday.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-063824
- JSON: https://secwatch.observer/filing/0001213900-23-063824.json
- Plain text: https://secwatch.observer/filing/0001213900-23-063824.txt

## Key facts
- Debt Financings
  FARADAY FUTURE INTELLIGENT ELECTRIC INC. incurred convertible notes of $16,500,000 aggregate principal amount with Streeterville Capital, LLC at 10% per annum maturing August 4, 2029.
  - Instrument: convertible notes
  - Principal: $16,500,000 aggregate principal amount
  - Counterparty: Streeterville Capital, LLC
  - Rate: 10% per annum
  - Maturity: August 4, 2029
  - Event: incurrence
  source text: On August 4, 2023, Faraday Future Intelligent Electric Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Streeterville SPA”) with Streeterville Capital, LLC (“Purchaser”), to issue and sell $16,500,000 aggregate principal amount of the Company’s unsecured convertible senior promissory notes (the “Streeterville Note”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390023063824/0001213900-23-063824-index.htm
- Material Agreements
  FARADAY FUTURE INTELLIGENT ELECTRIC INC. entered into Securities Purchase Agreement with Streeterville Capital, LLC valued at $16,500,000 aggregate principal amount (effective 2023-08-04).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Streeterville Capital, LLC
  - Value: $16,500,000 aggregate principal amount
  - Effective: 2023-08-04
  source text: On August 4, 2023, Faraday Future Intelligent Electric Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Streeterville SPA”) with Streeterville Capital, LLC (“Purchaser”), to issue and sell $16,500,000 aggregate principal amount of the Company’s unsecured convertible senior promissory notes (the “Streeterville Note”) and a common stock purchase warrant (the “Streeterville Warrant”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390023063824/0001213900-23-063824-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.