Faraday Future raises $45M via convertible promissory notes with Streeterville Capital

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Issued $15.78M A-1 Note (9% interest, 24-month term) and $30M secured B Note (3.5% interest, 24-month term).
A-1 Note includes $750K OID and $30K expense reimbursement; prepayment requires 110% of outstanding balance.
B Note is secured by cash in a deposit account under DACA; guaranteed by subsidiaries and pledged.
Investor may redeem up to $750K/month under A Notes after 6 months, or limited redemptions upon stock price jumps.
Proceeds: $15M to company from A-1; $30M held in deposit account for B Note, subject to exchange conditions.

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 Purchase Agreement with an accredited investor valued at an aggregate purchase price of $45 million (effective 2026-04-17).

Action: entry
Agreement: notes offering
Counterparty: an accredited investor
Value: an aggregate purchase price of $45 million
Effective: 2026-04-17

Exact text from the filing

On April 17, 2026 (the “Signing Date”), Faraday Future Intelligent Electric Inc. (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”), pursuant to which the Company issued, and the Investor purchased, for an aggregate purchase price of $45 million

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FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-26-045586

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