Faraday Future Issues Statement Confirming No Exposure to Silicon Valley Bank Shutdown
Faraday Future Intelligent Electric Inc. (FFIE)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("Faraday Future", “FF” or "Company"), a California-based global shared intelligent electric mobility ecosystem company, is aware of the current news and reports surrounding Silicon Valley Bank’s liquidity concerns. The Company does not have any cash or cash equivalents on deposit at Silicon Valley Bank and does not have any other direct relationship with Silicon Valley Bank. Furthermore, the Company has discussed issues surrounding Silicon Valley Bank with its committed funding partners and they do not expect such issues to impact the Company’s committed funding.Additionally, the Company would like to take this opportunity to:Confirm that FF has received its dealer license from the State of California for its U.S. operations and expects to go to market using a unique direct sales model as previously disclosed on May 18, 2022.Confirm that the Company will hold its Final Launch event for the FF 91
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FFIE
Sec Filings
- 4/24/24 - Form 8-K
- 4/15/24 - Form 8-K
- 4/2/24 - Form NT
- FFIE's page on the SEC website