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Faraday Future Issues Statement Confirming No Exposure to Silicon Valley Bank Shutdown
LOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("Faraday Future", “FF” or "Company"), a California-based global
About this update from Faraday Future Intelligent Electric Inc.
[{"type":"text","content":" 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, is aware of the current news and reports surrounding Silicon Valley Bank’s liquidity concerns. The Company does not have any cash or cash equivalents on deposit at Silicon Valley Bank and does not have any other direct relationship with Silicon Valley Bank. Furthermore, the Company has discussed issues surrounding Silicon Valley Bank with its committed funding partners and they do not expect such issues to impact the Company’s committed funding.\n\nAdditionally, the Company would like to take this opportunity to:\n\n\nConfirm that FF has received its dealer license from the State of California for its U.S. operations and expects to go to market using a unique direct sales model as previously disclosed on May 18, 2022.\n\n\nConfirm that the Company will hold its Final Launch event for the FF 91 Futurist on April 26, 2023\n\n\nABOUT FARADAY FUTURE\n\nFF is the pioneer of the Ultimate Intelligent TechLuxury ultra spire market in the intelligent EV era, and a disruptor of the traditional ultra-luxury car civilization. FF is not just an EV company, but also a software-driven company of intelligent internet AI product.\n\nFOLLOW FARADAY FUTURE:\n\nhttps://www.ff.com/\nhttp://appdownload.ff.com\nhttps://twitter.com/FaradayFuture\nhttps://www.facebook.com/faradayfuture/\nhttps://www.instagram.com/faradayfuture/\nwww.linkedin.com/company/faradayfuture\n\nNO OFFER OR SOLICITATION\n\nThis communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.\n\nFORWARD LOOKING STATEMENTS\n\nThis press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these ...