Faraday Future (FFIE) Strikes Governance Deal with FF Top
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Faraday Future reaches agreement with shareholder, Chairperson Swenson to step down
September 26, 2022 9:36 AM EDT(Reuters) - Faraday Future Intelligent Electric Inc said on Monday the electric-vehicle startup had reached an agreement with its largest shareholder to resolve a governance dispute, adding that Sue Swenson will step down as executive chairperson.
The company said it had raised $100 million to start the production of... More
Faraday Future Intelligent Electric Inc (FFIE) Announces Comprehensive Governance Resolution with Major Shareholders and New Financing
September 26, 2022 8:35 AM EDTFaraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (Faraday Future or the Company), a California-based global shared intelligent electric mobility ecosystem company, today announced a comprehensive resolution to its governance dispute with FF Top and the execution of definitive agreements for new financing. The Company continues to have active discussions with capital providers to fund the production and delivery of the FF 91.
The Company announced a binding governance agreement with FF Top Holding LLC (FF Top), which resolves a range of issues concerning governance. The governance agreement, which is described in greater detail in... More
Faraday Future says 'misinformation campaign' hurt fundraising efforts
September 22, 2022 11:28 AM EDT(Reuters) - Faraday Future Intelligent Electric said on Thursday a "misinformation campaign" has affected its fundraising efforts as the startup looks to start production of its FF 91 luxury electric car.
"Threats that began with lawsuits have escalated to threats of physical violence and even death threats," the company said, adding it was working with law enforcement to investigate.
Late last... More
Faraday Future (FFIE) Issues Statement Regarding Misinformation Campaign and Recent Threats
September 22, 2022 10:06 AM EDTFaraday Future Intelligent Electric Inc.s (the Company) board of directors, along with its advisors, continues to pursue financing alternatives with multiple parties to support the production of its FF 91. Unfortunately, efforts to raise capital have been impacted by a misinformation campaign of completely baseless allegations that certain directors are conspiring to pursue an unnecessary bankruptcy for their own personal gain.... More
