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0.0253589408912923 0.0115606936416187 0.0222823046802163 -0.021070296475853 -0.0371993287339174 -0.0994779041581205 -0.144116166324818 -0.160917396979303
Stock impact report

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 Show less Read more
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