Faraday Future reaches agreement with shareholder, Chairperson Swenson to step down [Reuters]
Faraday Future Intelligent Electric Inc. (FFIE)
Company Research
Source: Reuters
Sept 26 (Reuters) - Faraday Future Intelligent Electric Inc (FFIE.O) said on Monday the electric-vehicle startup had reached an agreement with its largest shareholder to resolve a governance dispute, adding that Sue Swenson will step down as executive chairperson. The company said it had raised $100 million to start the production of its FF 91 electric luxury car, adding that Brian Krolicki will also step down Faraday Future's board. The company, whose shares rose 30% in trading before the bell, said Adam He has been appointed as a new independent board member. Earlier this month, shareholder FF Top Holding sued Faraday Future seeking the removal of two board members, according to a court filing. read more Several company employees had called on the board and shareholders to remove Swenson alleging that the executive chairperson had organized attempts to "push the company into bankruptcy and restructuring". read more Los Angeles-based Faraday Future has been battling high c
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News
- Faraday Future Files Lawsuit Against Ding Lei and Affiliated Companies of Human Horizons for Infringement of Trade Secrets and Unfair CompetitionBusiness Wire
- Faraday Future Announces Updated Master Plan 1.1 to Strategically Position Itself for Growth in 2024 [Yahoo! Finance]Yahoo! Finance
- Faraday Future Announces Updated Master Plan 1.1 to Strategically Position Itself for Growth in 2024Business Wire
- Faraday Future Announces Reverse Stock Split and Authorized Share ReductionBusiness Wire
- Faraday Future is danger of losing LA headquarters for failing to pay rent [TechCrunch]TechCrunch
FFIE
Sec Filings
- 3/15/24 - Form 8-K
- 3/1/24 - Form 8-K
- 2/26/24 - Form 8-K
- FFIE's page on the SEC website