Faraday Future is danger of losing LA headquarters for failing to pay rent [TechCrunch]
Faraday Future Intelligent Electric Inc. (FFIE)
Company Research
Source: TechCrunch
The landlord, Rexford Industrial, filed a previously unreported lawsuit against Faraday Future this week in Los Angeles Superior Court that accuses the startup of missing its January and February lease payments, as well as associated maintenance fees and taxes. Rexford claims the startup owes it $917,887.26 as a result and is seeking to take possession of the building. A lawyer for Rexford declined to comment. Faraday Future is also being sued by the landlord of an office it has leased in San Jose since 2022. That previously unreported complaint, filed by BXP Realty in Santa Clara Superior Court on January 31, alleges that Faraday Future stopped making lease payments in December, leading to an outstanding balance of $127,311.16. BXP says it applied Faraday Future's $99,518 security deposit to the balance in January and asked the company to pay the remainder; the startup did not pay that sum. As a result, BXP is looking to boot the startup from the premises. A lawyer for BXP did n
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FFIE
Sec Filings
- 4/26/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/15/24 - Form 8-K
- FFIE's page on the SEC website