Faraday Future Announces $100 Million in Unsecured Convertible Notes Financing Commitments

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Go back to Faraday Future Announces $100 Million in Unsecured Convertible Notes Financing Commitments

Faraday Future (FFIE) to raise $100M in debt to support delivery goals

May 10, 2023 11:30 AM EDT

Faraday Future (NASDAQ: FFIE), the electric car startup, revealed Tuesday its plans to raise $100 million in debt. This strategic move comes as the company strives to overcome previous funding challenges that caused several delays towards the release of the automakers flagship vehicle, the FF 91 Futurist.

The company said it will also use the new... More