Faraday future announces significant new financing and effective form s-1/a registration statement

Gardena, calif.--( business wire )--faraday future intelligent electric inc. (“faraday future” or the “company”) (nasdaq: ffie), a california-based global shared intelligent electric mobility ecosystem company, today announced that it has reached an agreement for a new standby equity line of credit (“eloc”) with an affiliate of yorkville advisors global, lp (“yorkville”). the facility has an initial commitment of $200 million which can be increased to up to $350 million at the company's option. the eloc will significantly improve faraday future's financial flexibility and advance its progress toward launching the ff 91.
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