BRIEF-Faraday Future Intelligent Electric Inc And Palantir Entered Into A Settlement And Release Agreement On March 11

Reuters03-16

March 15 (Reuters) - Faraday Future Intelligent Electric Inc :

* FARADAY FUTURE INTELLIGENT ELECTRIC INC - ON MARCH 11, COMPANY AND PALANTIR ENTERED INTO A SETTLEMENT AND RELEASE AGREEMENT

* FARADAY FUTURE INTELLIGENT ELECTRIC INC - PURSUANT TO SETTLEMENT, COMPANY AGREED TO PAY PALANTIR $5.0 MILLION IN FOUR QUARTERLY INSTALLMENTS IN 2024

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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