Business
Faraday Future Announces the Receipt of First Payment From Recent Round of $135 Million Financing and Will Host a FFIE Global Investor Communications and Proxy Voting Webinar on Monday, February 13th
The Company requests stockholders to vote in favor of the proposals at the February 28, 2023 special meeting and submit proxies in respect thereof The
About this update from Faraday Future Intelligent Electric Inc.
[{"type":"text","content":"\n\nThe Company requests stockholders to vote in favor of the proposals at the February 28, 2023 special meeting and submit proxies in respect thereof\n\n\n\nThe Company received $50.0 million ($44.5 million net of original discount and transaction costs) as of February 9, 2023, from recently announced round of $135 million financing\n\n\n LOS ANGELES--(BUSINESS WIRE)--\nFaraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (\"Faraday Future\", “FF” or \"Company\"), a California-based global shared intelligent electric mobility ecosystem company, today announced it will hold a pre-recorded FFIE Global Investor Communications and Proxy Voting Webinar on Monday, February 13th at 1:30 pm PST (4:30pm EST) to share pertinent details on the Company’s business plan. Speakers at the February 13th Webinar will include several FF executives.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230209005788/en/Faraday Future will hold a pre-recorded FFIE Global Investor Communications and Proxy Voting Webinar on Monday, February 13th at 1:30 pm PST (Graphic: Business Wire)\nA pre-recorded session for the Asian market with the same content will be broadcast on Tuesday, February 14th at 9:00AM, Beijing time.\n\nInterested investors and other parties can listen to a Webinar by logging onto the following sites:\n\nUS:\nhttps://www.ff.com/us/FFIE-global-investor-communications-and-proxy-voting-webinar\n\nChina:\nhttps://www.faradayfuturecn.com/cn/FFIE-global-investor-communications-and-proxy-voting-webinar\n\nIn parallel, the Company has set the date for a special stockholders meeting which is scheduled to take place on February 28, 2023 at 9:00am PST. The Company recommends that all FF stockholders as of January 31, 2023 submit proxies in favor of the proposal to increase the authorized shares of Faraday Future Class A common stock.\n\nThe Company recently announced the execution of definitive agreements for financing commitments of $135.0 million in convertible secured notes, of which the Company received $50.0 million ($44.5 million net of original discount and transaction costs) as of February 9, 2023, which means the Company has received the first payment of $50.0 million ($44.5 million net of original discount and transaction costs) and expects to receive $5.0 million ($4.5 millio...