---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-078860"
form_type: "8-K"
ticker: "FFAI"
cik: "0001805521"
company_name: "FARADAY FUTURE INTELLIGENT ELECTRIC INC."
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:49:19.893575+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Faraday Future secures up to $20M in convertible notes from FF Vitality Ventures in 8 tranches

## Summary
- FFVV commits $20M in unsecured convertible notes at $71.40 conversion price, floor $3.6320, 4.99% ownership cap.
- Funded in 8 tranches of $2.5M each, subject to registration statement and share reserve conditions.
- On Sept 21, 2023, FFVV funded $5M first installment under prior $40M Joinder Note, waiving VWAP condition.
- Issued 2,621,940 shares to Metaverse Horizon upon conversion of principal under existing unsecured notes.
- Issued 2,000 common shares to FFVV on Sept 22, 2023 for $12,514.60 in a private placement.

## SEC filing metadata
- accession: 0001213900-23-078860
- form_type: 8-K
- ticker: FFAI
- cik: 0001805521
- company_name: FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- filed_at: 2023-09-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805521/000121390023078860/0001213900-23-078860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805521/000121390023078860/ea185663-8k_faraday.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-078860
- JSON: https://secwatch.observer/filing/0001213900-23-078860.json
- Plain text: https://secwatch.observer/filing/0001213900-23-078860.txt

## Key facts
- Debt Financings
  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
  source text: (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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390023078860/0001213900-23-078860-index.htm
- Material Agreements
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390023078860/0001213900-23-078860-index.htm

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