Faraday future announces $135 million in convertible secured notes financing commitments which are expected to provide the company with sufficient funding to reach its ff 91 futurist start of production milestone in march 2023

Los angeles--( business wire )--faraday future intelligent electric inc. (nasdaq: ffie) ("faraday future", “ff” or "company"), a california-based global shared intelligent electric mobility ecosystem company, today announced a series of definitive agreements for financing, as well as an important modification to a major provision in the terms of the warrants in the original ff secured financing agreements. once consummated on the contemplated timeline, the company is expected to have raised all the necessary funds for the start of production (“sop”) of the ff 91 futurist. in parallel, the company has set the date for a special stockholders meeting which is scheduled to take place on february 28th, 2023.
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