Faraday Future Surged Nearly 40% in Premarket Trading After It Executed a Term Sheet for up to $600 Million Investment

Tiger Newspress2022-08-02

Faraday Future surged nearly 40% in premarket trading after it executed a term sheet for up to $600 million investment.FF Top Holding LLC, a major shareholder of Faraday Future Intelligent Electric Inc, and FFIE executed a non-binding term sheet for a proposed convertible term loan facility of FFIE on August 1, consisting of potential senior secured convertible notes in a potential principal amount of up to $600,000,000.

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Comments

Alkid
2022-08-02
Alkid
Okay
SuperJunior
2022-08-02
SuperJunior
Can it still hit or surpass last month's high of $7.59or surpass $3.00 mark?Only time will tell. Keeping fingers crossed for holders of $Faraday Future Intelligent Electric Inc.(FFIE)$stock. All the best!

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