Faraday Future Receives $30 Million of Previously Committed Financing [Yahoo! Finance]
Faraday Future Intelligent Electric Inc. - Class A (FFIE)
Company Research
Source: Yahoo! Finance
LOS ANGELES, October 31, 2024 BUSINESS WIRE )--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("Faraday Future," "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, announced today that it has received the full net proceeds from the $30 million previously committed financing announced in September 2024. The initial closing occurred on September 12, 2024, and the second closing occurred on September 30, 2024. The proceeds, from investors in the Middle East, the United States, and Asia, were received in incremental tranches, with the final investment amounts received this week. For the FF brand, the net proceeds can support FF 91 deliveries and the gradual restoration of the supply chain; for the FX brand, the net proceeds can provide financial support to help progress the FX project. This latest capital infusion is supporting Faraday Future's dual brand operational requirements as the Company continues to establish its p
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News
- First FX Prototype Mules Set to Be Shipped to FF’s U.S. Headquarters, Kicking Off the Product Development and Testing PhaseBusiness Wire
- Faraday Future and Grow Fandor Forge Exclusive Strategic Licensing Collaboration, a Potential New Growth Driver [Yahoo! Finance]Yahoo! Finance
- Faraday Future and Grow Fandor Forge Exclusive Strategic Licensing Collaboration, a Potential New Growth DriverBusiness Wire
- FF Successfully Signs Definitive Agreements with Top OEMs, Kicking Off the Product Research Phase for Delivery of Two Models Targeted to Roll Off by End of 2025 [Yahoo! Finance]Yahoo! Finance
- FF Successfully Signs Definitive Agreements with Top OEMs, Kicking Off the Product Research Phase for Delivery of Two Models Targeted to Roll Off by End of 2025Business Wire
FFIE
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- FFIE's page on the SEC website