Source-grounded facts extracted from FARADAY FUTURE INTELLIGENT ELECTRIC INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Koti Meka was appointed as Chief Financial Officer at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“On September 17, 2024, the Board of Directors (the “Board”) of the Company appointed Koti Meka as the Company’s Chief Financial Officer and principal financial officer, effective September 23, 2024.”
Jonathan Maroko resigned as Interim Chief Financial Officer at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“On September 15, 2024, Jonathan Maroko notified Faraday Future Intelligent Electric Inc. (the “Company”) of his decision to resign from his position as Interim Chief Financial Officer of the Company, effective September 20, 2024.”
Li Han resigned as Director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“On June 9, 2024, Li Han, a member of the Board of Directors (the “Board”) of Faraday Future Intelligent Electric Inc., a Delaware corporation (the “Company”), notified the Board that she will resign as a director of the Company for personal reasons, effective immediately.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).
“April 18, 2024, Nasdaq notified the Company that since it had not yet filed its Form 10-K for the year ended December 31, 2023, it no longer complied with Listing Rule 5250(c)(1). Pursuant to Listing Rule 5810(c)(2)(A), this deficiency is now an additional basis for delisting. The Company intends to request a hearing to appeal the Delisting Determination by May 1, 2024, the latest date permitted, which will stay the suspension of the Company’s securities for 15 days from the date of the request, during which time the Company’s securities will continue to be listed on The Nasdaq Capital Market.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii)).
“April 24, 2024, Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated April 24, 2024, indicating that the Company was not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), as the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days. The letter indicated that, as a result, the Nasdaq staff has determined to delist the Company’s securities from The Nasdaq Capital Market (the “Delisting Determination”). As previously reported, on December 28, 2023, Nasdaq notifi”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“April 18, 2024, Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (the “Company”) received written notice (the “Nasdaq Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) from The Nasdaq Stock Market (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1). The Nasdaq Letter was issued in accordance with standard Nasdaq procedures due to the delayed filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “Form 10-K”). The Nasdaq Letter advised the Company that it is permitted 60 calendar days to submit a”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. entered into Settlement Agreement with Palantir Technologies, Inc. valued at $5.0 million (effective 2024-03-11).
“On March 11, 2024 (the “Effective Date”), the Company and Palantir entered into a settlement and release agreement (the “Settlement Agreement”)”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Second amendment to the Charter to effect a 1:3 reverse stock split and reduce authorized shares to 463,312,500 (effective 2024-02-29).
“On February 23, 2024, Faraday Future Intelligent Electric Inc. (the “Company”) filed a second amendment (the “Certificate of Amendment”) to the Company’s Third Amended and Restated Certificate of Incorporation (as amended, the “Charter”) with the Secretary of State of the State of Delaware to effect a reverse stock split at a ratio of 1:3 (the “Reverse Stock Split”) and to set the number of authorized shares of common stock, par value $0.0001 per share, of the Company (the “Common Stock”) to 463,312,500 (which is 1,389,937,500 divided by 3).”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Eliminated designation of Series A Preferred Stock via Certificate of Elimination (effective 2024-02-05).
“On February 5, 2024, prior to the Company’s filing of the Certificate of Amendment with the office of the Secretary of State of the State of Delaware, the Company filed a Certificate of Elimination (the “Certificate of Elimination”) with the office of the Secretary of State of the State of Delaware with respect to the Company’s Series A Preferred Stock, par value $0.0001 per share (“Series A Preferred Stock”), following the automatic redemption of all outstanding shares of Series A Preferred Stock after the conclusion of the Special Meeting.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Increased authorized shares of common stock from 154,437,500 to 1,389,937,500 and total authorized shares from 164,437,500 to 1,399,937,500 via Certificate of Amendment (effective 2024-02-05).
“On February 5, 2024, Faraday Future Intelligent Electric Inc. (the “Company”) filed an amendment (the “Certificate of Amendment”) to the Company’s Third Amended and Restated Certificate of Incorporation (as amended, the “Charter”) with the office of the Secretary of State of the State of Delaware to effect an increase in the number of authorized shares of common stock, par value $0.0001 per share, of the Company (“Common Stock”) from 154,437,500 to 1,389,937,500, increasing the total number of authorized shares of Common Stock and preferred stock from 164,437,500 to 1,399,937,500.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. shareholders approved Share Purchase Proposal to approve a new program for selected employees to purchase Common Stock via salary deduction at the 2024-02-05 meeting.
“Proposal 4: Share Purchase Proposal The Company’s stockholders approved, as is required by the applicable rules and regulations of Nasdaq, a new program pursuant to which selected employees of the Company may elect, or have elected, to have a portion of their base salary (on an after-tax basis) be used to purchase Common Stock on each payroll date over a three-month period at the then-current volume weighted average trading price of the Class A Common Stock by entering into a Salary Deduction and Share Purchase Agreement with the Company, by the following vote:”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. shareholders approved Share Issuance Proposal to approve transactions involving unsecured convertible senior promissory notes and a common stock purchase warrant issued to Streeterville Capital, LLC at the 2024-02-05 meeting.
“Proposal 3: Share Issuance Proposal The Company’s stockholders approved, as is required by the applicable rules and regulations of The Nasdaq Stock Market LLC (“Nasdaq”), transactions involving unsecured convertible senior promissory notes and a common stock purchase warrant of the Company issued pursuant to the Securities Purchase Agreement, dated August 4, 2023, by and between, the Company and Streeterville Capital, LLC, including the issuance of any shares in excess of 19.99% of the issued and outstanding shares of the Company’s Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”), in respect of such notes and warrants, by the following vote:”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. shareholders approved Reverse Stock Split Proposal to effect a 1-for-3 reverse stock split of Common Stock at the 2024-02-05 meeting.
“Proposal 2: Reverse Stock Split Proposal The Company’s stockholders approved an amendment to the Charter to effect a reverse stock split of the Common Stock by a ratio of 1-for-3, with such action to be effected at such time and date, if at all, as determined by the Board of Directors of the Company within one year after the conclusion of the Special Meeting and a corresponding reduction in the total number of shares of Common Stock the Company is authorized to issue.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. shareholders approved Share Authorization Proposal to increase authorized shares of Common Stock from 154,437,500 to 1,389,937,500 at the 2024-02-05 meeting.
“Proposal 1: Share Authorization Proposal The Company’s stockholders approved an amendment to the Charter, to increase the number of authorized shares of Common Stock from 154,437,500 to 1,389,937,500, increasing the total number of authorized shares of Common Stock and preferred stock from 164,437,500 to 1,399,937,500.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“December 28, 2023, Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (the “Company”) received written notice from the Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has failed to maintain a minimum bid price of at least $1.00 per share for the prior 30 consecutive trading day period from November 9, 2023 to December 27, 2023, based upon the closing bid price for its common stock, as required by Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until June 25, 2024, to rega”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Filed Certificate of Designation for Series A Preferred Stock establishing preferences, rights, and limitations (effective 2023-12-21).
“On December 21, 2023, in connection with the Purchase Agreement, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Series A Preferred Stock (the “Series A Certificate of Designation”) with the Secretary of State of the State of Delaware.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Filing of Series A Certificate of Designation establishing preferences, rights, and limitations of Series A Preferred Stock (effective 2023-12-21).
“On December 21, 2023, in connection with the Purchase Agreement, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Series A Preferred Stock (the “Series A Certificate of Designation”) with the Secretary of State of the State of Delaware.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. reported financial results for third quarter ended September 30, 2023.
“On November 13, 2023, Faraday Future Intelligent Electric Inc. (the “Company”) announced its financial results for the third quarter ended September 30, 2023.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. entered into Lease Agreement with 10701 Idaho Owner, LLC valued at $12 million of tenant improvement allowance (effective 2023-10-19).
“On October 19, 2023, Faraday&Future Inc. (the "Tenant"), a subsidiary of Faraday Future Intelligent Electric Inc. (the "Company), entered into a sale leaseback transaction whereby it has exercised its option to purchase its Hanford manufacturing facility (the "Property") and simultaneously completed a sale leaseback to Ocean West Capital Partners ("Landlord") pursuant to that certain Lease Agreement, dated as of October 19, 2023, by and between the Tenant and 10701 Idaho Owner, LLC (the "Lease Agreement").”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. received a nasdaq noncompliance notice notice regarding board independence (rules 5605(b)(1), 5605).
“October 11, 2023, the Company notified The Nasdaq Stock Market LLC (“Nasdaq”) that the Company was no longer in compliance with Nasdaq’s independent requirements as set forth in Listing Rule 5605 as the Board was not comprised of a majority of independent directors as required by Nasdaq Listing Rule 5605(b)(1). On October 16, 2023, the Board determined that in addition to Mr. Chad Chen, Mr. Jie Cheng, and Mr. Lev Peker, each of whom is an independent director, Ms. Li Han is independent as defined by Nasdaq Listing Rule 5605. In addition, the Board voted to reduce the size of the Board from se”
Ke Sun resigned as Director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“On October 10, 2023, Ke Sun, a member of the Board of Directors (the “Board”) of Faraday Future Intelligent Electric Inc., a Delaware corporation (the “Company”), notified the Board that she will resign as a director of the Company effective immediately.”
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").
“(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).”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. amended FFVV Amendment with FF Simplicity Ventures LLC valued at up to $20,000,000 (effective 2023-09-21).
“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”)”
Mattias Aydt was appointed as Global Chief Executive Officer and Member of the Board of Directors at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“the Board appointed Mattias Aydt to succeed Mr. Chen as Global Chief Executive Officer and as a member of the Board, effective September 29, 2023.”
Xuefeng Chen was appointed as FF China Chief Executive Officer and Executive Vice President of Global Industrialization at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“Effective September 29, 2023, Mr. Chen will resume his prior position as FF China Chief Executive Officer, based in China, and will assume a new role as Executive Vice President of Global Industrialization of the Company.”
Xuefeng Chen resigned as Global Chief Executive Officer and Member of the Board of Directors at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“Xuefeng Chen notified Faraday Future Intelligent Electric Inc. (the “Company”), of his decision to resign from his position as Global Chief Executive Officer of the Company effective September 29, 2023. Mr. Chen also resigned from his position as a member of the Board of Directors of the Company (the “Board”) effective September 29, 2023.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Certificate of Elimination filed to remove designation of Series A Preferred Stock and restore the share to authorized but unissued preferred stock (effective 2023-08-24).
“On August 24, 2023, prior to the Company’s filing of the Certificate of Amendment with the office of the Secretary of State of the State of Delaware, the Company filed a Certificate of Elimination”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Certificate of Amendment filed to effect a 1-for-80 reverse stock split and reduce authorized common shares to 154,437,500 (effective 2023-08-25).
“On August 24, 2023, the Company filed the Third Amended and Restated Certificate of Incorporation of the Company (“Certificate of Amendment”) with the Secretary of State of the State of Delaware to effect a reverse stock split at a ratio of 1:80”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Filed Certificate of Elimination to remove the designation of Series A Preferred Stock after its automatic redemption (effective 2023-08-24).
“On August 24, 2023, prior to the Company’s filing of the Certificate of Amendment with the office of the Secretary of State of the State of Delaware, the Company filed a Certificate of Elimination (the “Certificate of Elimination”) with the office of the Secretary of State of the State of Delaware with respect to the Company’s Series A Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”), following the automatic redemption of all outstanding shares of Series A Preferred Stock after the conclusion of the Special Meeting.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Filed Certificate of Amendment to effect a 1-for-80 reverse stock split and reduce authorized common shares to 154,437,500 (effective 2023-08-25).
“On August 24, 2023, the Company filed the Third Amended and Restated Certificate of Incorporation of the Company (“Certificate of Amendment”) with the Secretary of State of the State of Delaware to effect a reverse stock split at a ratio of 1:80 (the “Reverse Stock Split”) and to set the number of authorized shares of common stock, par value $0.0001 per share, of the Company (the “Common Stock”) to 154,437,500 (which is 12,355,000,000 divided by 80, the reverse stock split ratio determined by the Board).”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. shareholders approved Adjournment Proposal to permit further solicitation of proxies if necessary at the 2023-08-16 meeting.
“Proposal 5: Adjournment Proposal The Company’s stockholders approved the adjournments of the Special Meeting by the Company to permit further solicitation of proxies, if necessary or appropriate”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. shareholders approved 2021 Plan Proposal to amend 2021 Stock Incentive Plan to increase authorized shares by 206,785,991 at the 2023-08-16 meeting.
“Proposal 4: 2021 Plan Proposal The Company’s stockholders approved an amendment to the Amended and Restated 2021 Stock Incentive Plan (the “2021 Plan”) in order to increase the number of shares of Class A Common Stock available for issuance under the 2021 Plan by an additional 206,785,991 shares”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. shareholders approved Share Issuance Proposal to approve issuance of shares in excess of 19.99% under securities purchase agreement at the 2023-08-16 meeting.
“Proposal 3: Share Issuance Proposal The Company’s stockholders approved, as is required by the applicable rules and regulations of the Nasdaq Stock Market, transactions involving notes and warrants”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. shareholders approved Authorized Share Cap Proposal to reduce authorized shares contingent on reverse split at the 2023-08-16 meeting.
“Proposal 2: Authorized Share Cap Proposal The Company’s stockholders approved, if and only if the Reverse Stock Split Proposal is approved and the Reverse Stock Split is implemented at a ratio of 1-for-8 or greater, an amendment to the Company's Second Amended and Restated Certificate of Incorporation”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. shareholders approved Reverse Stock Split Proposal to amend certificate of incorporation to effect reverse stock split in range of 1-for-2 to 1-for-90 at the 2023-08-16 meeting.
“Proposal 1: The Reverse Stock Split Proposal The Company’s stockholders approved an amendment to the Company’s Second Amended and Restated Certificate of Incorporation, as amended, to effect, a reverse stock split of the Company’s common stock by a ratio of any whole number in the range of 1-for-2 to 1-for-90”
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.
“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”)”
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).
“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”).”
Lev Peker was appointed as Director and Audit Committee Chair at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“On August 4, 2023, the Board unanimously voted to appoint Lev Peker to the Board and as a member and the Chair of the Audit Committee.”
Adam He resigned as Interim Board Chairman and Director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“On July 31, 2023, Adam He, interim Board Chairman and member of the Board, provided a letter of resignation (the “Resignation Letter”) as interim Board Chairman, and member of the Board and member of the Audit Committee, Compensation Committee, Nominating & Corporate Governance Committee, and Selection Committee, effective immediately.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. reported that prior financial statements should not be relied upon.
“that the Company’s previously issued financial statements included in the Company’s Annual Report on Form 10-K for the period ended December 31, 2022 and Quarterly Reports on Form 10-Q for the periods ended March 31, 2023 and September 30, 2022 (the “Affected Periods”) should no longer be relied upon due to errors identified in the affected periods primarily due to an error stemming from a non-cash and non-operating item related to the change in the fair value upon conversion of the notes issued under the Company’s Securities Purchase Agreements.”
Jonathan Maroko was appointed as Interim Chief Financial Officer at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“On July 11, 2023 the Board appointed Jonathan Maroko as Interim Chief Financial Officer, principal financial officer and principal accounting officer effective July 24, 2023.”
Yun Han resigned as Interim Chief Financial Officer at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
“On July 5, 2023, Yun Han notified the Company of her decision to resign from her positions as Interim Chief Financial Officer, principal financial officer and principal accounting officer effective immediately.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. entered into FFVV Joinder with FF Vitality Ventures LLC valued at up to $40,000,000 (effective 2023-06-26).
“On June 26, 2023, the Company entered into a Joinder and Amendment Agreement (the “FFVV Joinder”) with FF Vitality Ventures LLC (“FFVV”)”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. amended Amendment No. 1 with Metaverse Horizon Limited and V W Investment Holding Limited (effective 2023-06-26).
“On June 26, 2023, Faraday Future Intelligent Electric Inc. (the “Company”) entered into Amendment No. 1 (“Amendment No. 1”) to that certain Securities Purchase Agreement dated as of May 8, 2023 (the “Unsecured SPA”), by and among the Company, Metaverse Horizon Limited and V W Investment Holding Limited, as purchasers (collectively with additional purchasers from time to time party thereto, the “Unsecured SPA Purchasers”).”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Reduced quorum requirement for stockholder meetings from a majority to one-third of voting power, effective June 12, 2023, via amendment to Article III, Sections 8 and 9 of the Amended and Restated Bylaws (effective 2023-06-12).
“On and effective as of June 12, 2023, the Board approved the amendment and restatement of the Company's Amended and Restated Bylaws (as so amended and restated, the "Bylaws"). Specifically, the Board amended Article III, Sections 8 and 9 to reduce the quorum required for meetings of stockholders from a majority to one-third (1/3) of the voting power of the outstanding shares of stock entitled to vote.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC.: Filed Certificate of Designation for Series A Preferred Stock on June 16, 2023, establishing preferences, rights, and limitations including voting rights on reverse stock split proposals, liquidation preference, transfer restrictions, and redemption terms (effective 2023-06-16).
“On June 16, 2023, in connection with the Purchase Agreement, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Series A Preferred Stock (the "Series A Certificate of Designation") with the Secretary of State of the State of Delaware.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. reported the first quarter ended March 31, 2023 results: net income $6.5 million.
“On May 15, 2023, Faraday Future Intelligent Electric Inc., a Delaware corporation (the “Company”), issued a press release reiterating Company highlights and financial results for the first quarter ended March 31, 2023.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. reported financial results for first quarter ended March 31, 2023.
“On May 11, 2023, Faraday Future Intelligent Electric Inc. (the “Company”) announced its financial results for the first quarter ended March 31, 2023.”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. incurred convertible notes of $100.0 million with Metaverse Horizon Limited and V W Investment Holding Limited.
“On May 8, 2023, the Company entered into a Securities Purchase Agreement (the “Unsecured SPA”) with Metaverse Horizon Limited and V W Investment Holding Limited, as purchasers (collectively with additional purchasers from time to time party thereto, the “Unsecured SPA Purchasers”), to issue and sell, subject to the satisfaction of certain closing conditions (as described further below), $100.0 million aggregate principal amount of the Company’s senior unsecured convertible promissory notes (the “Unsecured SPA Notes”),”
FARADAY FUTURE INTELLIGENT ELECTRIC INC. entered into Securities Purchase Agreement (Unsecured SPA) with Metaverse Horizon Limited and V W Investment Holding Limited valued at $100.0 million (effective 2023-05-08).
“On May 8, 2023, the Company entered into a Securities Purchase Agreement (the “Unsecured SPA”) with Metaverse Horizon Limited and V W Investment Holding Limited, as purchasers (collectively with additional purchasers from time to time party thereto, the “Unsecured SPA Purchasers”), to issue and sell, subject to the satisfaction of certain closing conditions (as described further below), $100.0 million aggregate principal amount of the Company’s senior unsecured convertible promissory notes (the “Unsecured SPA Notes”)”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.