Faraday Future Intelligent Electric Inc. (FFIE) has announced securing $30 million in financing commitments from investors based in the Middle East, the United States, and Asia.This new financial commitment encompasses a previously funded amount of $7.50 million and an additional $22.50 million in new investment, structured as convertible notes and warrants to acquire more shares of the company’s common stock.The conversion price for the convertible notes and the exercise price for the warrants are set at $5.24 and $6.29 per share, respectively, with adjustment provisions outlined in the agreements. The common stock shares underlying these convertible notes and warrants remain unregistered and subject to trading restrictions, making them not immediately tradable.The material has been provided by InstaForex Company – www.instaforex.com
- Taiwan Shares Tipped To Open To The Upside - September 15, 2024
- Singapore Bourse Poised To Add To Its Winnings - September 15, 2024
- South Korea Trade Data Due On Monday - September 15, 2024
