Faraday future completes the sale-leaseback of its hanford, california manufacturing facility

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 that it has exercised its option to purchase its hanford, california manufacturing facility and simultaneously completed a sale leaseback. this transaction is expected to generate up to $12 million of non-dilutive capital that can be used toward the completion of plant improv.
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