Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
FARADAY FUTURE INTELLIGENT ELECTRIC INC. incurred convertible notes of aggregate principal amount of up to $20,000,000 with FF Simplicity Ventures LLC, an affiliate of FF Vitality Ventures LLC ("FFVV").
- Instrument
- convertible notes
- Principal
- aggregate principal amount of up to $20,000,000
- Counterparty
- FF Simplicity Ventures LLC, an affiliate of FF Vitality Ventures LLC ("FFVV")
- Event
- incurrence
Exact text from the filing
(collectively, the “Unsecured SPA Purchasers”) pursuant to which FFVV agreed to purchase unsecured convertible senior promissory notes in an aggregate principal amount of up to $20,000,000 (collectively, the “New Notes”) subject to terms substantially identical to those provided in the FFVV Joinder (including, without limitation, the funding date timeline).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
FARADAY FUTURE INTELLIGENT ELECTRIC INC. amended FFVV Amendment with FF Simplicity Ventures LLC valued at up to $20,000,000 (effective 2023-09-21).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- FF Simplicity Ventures LLC
- Value
- up to $20,000,000
- Effective
- 2023-09-21
Exact text from the filing
on September 21, 2023, the Company entered into the Amendment Agreement (the “FFVV Amendment”) with FFVV to that certain Securities Purchase Agreement dated as of May 8, 2023 (the “Unsecured SPA”), by and among the Company and the purchasers from time to time party thereto (collectively, the “Unsecured SPA Purchasers”) pursuant to which FFVV agreed to purchase unsecured convertible senior promissory notes in an aggregate principal amount of up to $20,000,000 (collectively, the “New Notes”)
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