Press "Enter" to skip to content

Faraday Future Inks Shareholder Agreement With FF Global Partners

  • Faraday Future Intelligent Electric Inc FFIE has signed an Amended and Restated Shareholder Agreement with FF Top LLC, the wholly owned subsidiary of FF Global Partners LLC.
  • The newly signed Shareholder Agreement solidifies FF Top as an important shareholder with 1:10 super voting rights, subject to shareholder approval.
  • Also, 1:20 super voting rights will be unlocked when FF’s market cap reaches $3 billion.
  • FF Top will also have the right to nominate four designees among seven board seats.
  • In addition, the company and the China Huanggang Government have also reached a non-binding Cooperation Framework Agreement for promoting its U.S.-China dual-home market strategy.
  • Faraday Future intends to relocate its future FF China Headquarters to Huanggang, supporting its U.S.-China dual home market and U.S.-China dual DNA strategy.
  • Faraday Future expects to start production of a saleable FF 91 Futurist at the end of March 2023.
  • Price Action: FFIE shares are trading higher by 16.1% at $0.55 on the last check Wednesday.
  • Photo Via Company

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published.