---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-045586"
form_type: "8-K"
ticker: "FFAI"
cik: "0001805521"
company_name: "FARADAY FUTURE INTELLIGENT ELECTRIC INC."
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:21:31.637921+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-045586
- form_type: 8-K
- ticker: FFAI
- cik: 0001805521
- company_name: FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- filed_at: 2026-04-20T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805521/000121390026045586/0001213900-26-045586-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805521/000121390026045586/ea0286915-8k_faraday.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-045586
- JSON: https://secwatch.observer/filing/0001213900-26-045586.json
- Plain text: https://secwatch.observer/filing/0001213900-26-045586.txt

## Source-grounded claims
- claim_id: 4cacaf3e19725f16d096603f26438ce140dbe030
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390026045586/0001213900-26-045586-index.htm

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