On September 18, Faraday Future Intelligent Electric Inc. announced that the company has reached and signed a revised agreement with the relevant parties regarding the May 2026 financing agreement to adjust the terms of the convertible stock notes already issued to an existing investor and the terms of the deposit account control agreement signed with the investor and East West Bank. Under this amendment, FF will return $5 million in restricted cash to reduce corporate note debt. After the repayment of the $5 million mentioned above, the outstanding balance under this note will be reduced from approximately $10.88 million to approximately $5.88 million.
Zhitongcaijing · 1d ago
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On September 18, Faraday Future Intelligent Electric Inc. announced that the company has reached and signed a revised agreement with the relevant parties regarding the May 2026 financing agreement to adjust the terms of the convertible stock notes already issued to an existing investor and the terms of the deposit account control agreement signed with the investor and East West Bank. Under this amendment, FF will return $5 million in restricted cash to reduce corporate note debt. After the repayment of the $5 million mentioned above, the outstanding balance under this note will be reduced from approximately $10.88 million to approximately $5.88 million.
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