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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