Faraday Future (FFIE) Strikes Governance Deal with FF Top
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Faraday Future Announces Comprehensive Governance Resolution with Major Shareholders and New Financing
September 26, 2022 8:35 AM EDTComprehensive Governance Resolution with FF Top
Faraday Future and its largest shareholder have reached an agreement regarding their governance dispute FF Top will dismiss its lawsuit against the company and its board of directors Ms. Sue Swenson will step down from her role as Executive Chairperson of the company and Chairperson of the Board upon the company receiving $13.5 million in net financing proceeds Ms. Sue Swenson and Mr. Brian Krolicki will step down from the Board upon the company obtaining $85 million in incremental financing commitments and... MoreFaraday Future Statement Regarding Misinformation Campaign and Recent Threats
September 22, 2022 10:04 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc.s (the Company) board of directors, along with its advisors, continues to pursue financing alternatives with multiple parties to support the production of its FF 91. Unfortunately, efforts to raise capital have been impacted by a misinformation campaign of completely baseless allegations that certain directors are conspiring to pursue an unnecessary bankruptcy for their own personal gain. The Company hired an independent law firm to conduct a thorough independent external investigation with respect to these allegations. The independent investigation, led by a former prosecutor, found that these false allegations were without... More
